The Wall Street Journal today brings word that a professor Efraim Benmelech of the finance department at Northwestern University thinks the Fed is hurting housing and the consumer too much. Opined he, ...those higher interest rates are making mortgages more expensive...
Treasury Secretary Janet Yellen met with China’s top economic official, Vice Premier Liu He, in Switzerland on Wednesday as Washington and Beijing continue to maintain high-level contacts.
There are many policies that reduce the supply of goods and services that parents and children need, and therefore lead to rising costs for family necessities like food, housing, clothing, transportation, and childcare. Policies including tariffs, regulations, and...
“How did this dude steal billions of dollars and is now speaking at a summit as a free man? Make it make sense.”- the internet. This is the question that millions of people are asking after weeks have now passed since Sam Bankman-Fried's FTX scandal unfolded....
Jubilation erupted in Washington this summer as politicians lurched towards commandeering a key swath of the American economy. Congress passed Biden-backed legislation known as the Chip Act to spend $52 billion subsidizing semiconductor production. A Washington Post...
In the second half of his term President Jimmy Carter signed a series of laws deregulating shipping and transportation in the United States. The Staggers Act, signed into law in 1980, would deregulate rail freight shipping. The law eliminated the government price...
Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities by Ryan McMaken Mises Institute, 2022, 230 pp. Those of us who think that there should be no state at all, or at most a very limited one, must view all existing states with...
It was out of a revulsion for tyranny and a hunger for liberty that Americans were inspired to revolution. We don’t like being told what to do. We went to war to secure the rights to life, liberty, and the pursuit of happiness.In our founding document, liberty was...
