Federal spending is so out of control that it only took three months for the federal debt to increase by one trillion dollars to over 33 trillion dollars. In contrast, it took almost 200 years for the federal debt to reach one trillion dollars. So the federal...
On Friday, September 15, 12,700 members of the United Auto Workers union (UAW) walked off the job at plants owned by the “Big Three” automakers—Ford, General Motors, and Stellantis (which owns Chrysler, Jeep, and Ram). The walkout marked the beginning of a series...
Imagine you win your state lottery for $1.1 million. You have the option of collecting the cash prize of $1,100,000 or taking $55,000 per year in twenty annual installments. Your financial advisor will always tell you the smart move is to take the full cash payout and...
At the beginning of last year, economist Paul Krugman wondered aloud whether Americans would even notice if the economy improved. In his considered opinion, it was already obvious that the economy was humming along merrily and that ordinary shmucks just didn’t get it....
Globalization, like the free market and classical liberalism generally, isn't wildly popular these days, is it? People blame globalization for all sorts of bad things, and the raps are usually bum. In truth, to the extent that governments keep out so-called foreign...
A not uncommon reaction from central bank defenders in response to criticism is some form of an apology, arguing a lesser of two evils choice. Posing a counterfactual, they present a scenario, say the East Asian Crisis or subsequent Subprime Crisis, which it is then...
Thomas Sowell is an American political commentator and economist who's authored books such as Discrimination and Disparities, Basic Economics, Economic Facts and Fallacies, and my personal favorite, Black Rednecks and White Liberals. His books span a range of topics,...
Today's two major contenders for political power seem to be elitists and populists. Funnily enough, both types are present in each of the big tribes known as progressive/liberal and conservatism, left and right, or Democratic and Republican. (Here's the lowdown on...
