When the only tool in your toolkit is a blunt instrument, every problem looks like one that can be addressed only with a blunt instrument.
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On July 21, Treasury Secretary Scott Bessent called for a full review of the Federal Reserve system. He said on CNBC’s Squawk Box, “I think what we need to do is examine the entire Federal Reserve institution and whether they have been successful.” It’s a completely...
The nineteenth century marked the most dramatic leap forward in human welfare ever witnessed. It was a century defined not by aristocrats or emperors, but by coal, cotton, contracts, and capitalists. In his lectures “War, Peace, and the Industrial Revolution” and “The...
Recently Patrick Macfarlane, my fellow, fellow at this dear Institute discussed on his Vital Dissent podcast the Kazuo Ishiguro novel, Never Let Me Go. In his books Ishiguro frequently covers memories, relationships and the human condition. Never Let Me Go, is a...
