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...
This past year served up endless opportunities for hounding and pounding politicians and federal agencies. Here’s a round-up of the most liked or most hated lines from my 2022 articles. Hearty thanks to Hunter DeRensis and editors at other outlets who ran these...
Those hoping for a Christmastime government shutdown were once again disappointed when Congress passed a 4,000-page, $1.7 trillion omnibus appropriations bill that few, if any, Representatives and Senators read before voting on. The Republican leadership celebrated...
The death of capitalism has been a common topic of conversation lately. Millennials seem resigned to it, the younger generations can’t wait for it. Bastions of global capitalism—alleged capitalism—such as the World Economic Forum in Davos are quite eagerly promoting...
So often Democratic Socialists will claim that private companies are bad because they care not about others but only for their own personal benefit. Want money voluntarily? That's greed! Taking money via taxation with the threat of jailing peaceful people,...
The Federal Reserve has a legal dual mandate to minimize unemployment and price inflation. The current “dual” between the two mandates is to reduce price inflation by increasing interest rates to increase unemployment and kill businesses to choke off aggregate demand....
"Language is the perfect instrument of empire."- Antonio de Nebrija, bishop of Ávila, 1492 The bishop was correct, in his time and ours. Spain proceeded to become the most powerful empire in the world over the following century, spreading her mother tongue across the...
When I interviewed for a teaching job at private college in Alabama more than twenty years ago, the recently elected governor had won partly on a platform in which the state would install a lottery system that would give students a $3,000 grant for college. As the...
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