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...
Economics
The UAW Can’t Solve Autoworkers’ Very Real Problems
by Connor O'Keeffe | Sep 29, 2023 | Economics, Featured Articles
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...
Millionaires No More: Social Security is Impoverishing Our Seniors
by Thomas Eddlem | Sep 28, 2023 | Economics, Featured Articles
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...
It’s the Inflation, Stupid!
by Joseph Solis-Mullen | Sep 28, 2023 | Economics, Featured Articles
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....
TGIF: Hurrah for Real Globalization!
by Sheldon Richman | Sep 22, 2023 | Economics, Featured Articles, Foreign Policy, History, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
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...
Should We Allow U.S. Land to Be Sold to the Chinese?
by Walter E. Block | Sep 21, 2023 | Economics, Featured Articles, Foreign Policy
Admittedly, this idea sounds bad. Both "sell out” and “selling out” have a bad odor to them. Rather, we should “stand firm!” And there is nothing like perking up that patriotic spirit that compares to bashing supposed foreign enemies. However, there are deep and dire...
Yeah, It Was (Mostly) the Fed’s Fault
by Joseph Solis-Mullen | Sep 20, 2023 | Economics, Featured Articles
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...
How a Young Black Woman Discovered Thomas Sowell
by Michelle Williams | Sep 19, 2023 | Economics, Featured Articles
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,...