The Misery II Index for the United States stands at 23% for the whole nation, and it may reach a staggering 24% by the time of the...
Far from being an “automatic stabilizer” that mitigates recessions by engaging in “countercyclical” spending, the welfare state actually makes recessions longer and deeper. Time to acknowledge that...
The Federal Reserve claims to be independent and politically neutral. But since its actions have political ramifications, it is impossible for the Fed to be either.
Do you like your central bank capital positive or negative? The Fed is bankrupt, but even after taking recent losses, the Swiss National Bank still has positive...
Did scarcity begin with Adam and Eve in the Garden of Eden? Or were human beings and their surroundings already bound by time and space before they...
New York City’s government has imposed draconian rent controls. The natural outcome, as economists note, has been massive shortages, as apartment owners no longer have an incentive...
While fears that AI will morph into something like the Terminator and try to destroy the world, the real threat from AI is that the authorities will...