My 13-year-old homeschooled sons just finished my labor economics class. I hope they take many more economics classes, but I’ll be perfectly satisfied with their grasp of economics as long as they internalize what they learned this semester. Why? Because...
The U.S. Bureau of Labor statistics released new Consumer Price Index inflation estimates this morning, and the official numbers for June 2022 show that price inflation has risen to 9.1 percent year over year. That's the biggest number since November 1981, when the...
After more than a decade of chained stimulus packages and extremely low rates, with trillions of dollars of monetary stimulus fueling elevated asset valuations and incentivizing an enormous leveraged bet on risk, the idea of a controlled explosion or a “soft landing”...
The Federal Reserve’s Federal Open Market Committee (FOMC) today announced an increase of 75 basis points to the target federal funds rate, raising the rate to 1.75% from 1%. June’s meeting today was the third meeting this year at which the FOMC has raised rates....
The Case against Education: Why the Education System Is a Waste of Time and Money by Bryan Caplan (Princeton University Press, 2018, 395 pages). Almost every book on education policy (and I have read a great many of them) springs from the set of assumptions that...
Throughout the COVID-19 pandemic, proponents of lockdowns, shelter-in-place orders, mask mandates and other coercive government interventions have characterized these measures as benevolently “erring on the side of caution.” Now, as the grim toll of those public...
On February 14, Justin Trudeau invoked emergency powers to crack down on the peaceful truckers' protest in Ottawa. The Emergencies Act became law in 1988, and it has never been used until now. The act contains “a specific definition of “national emergency” that makes...
According to new data released Wednesday by the Bureau of Labor Statistics, price inflation in December rose again to a new multidecade high, rising to the highest level recorded in nearly forty years. According to the Consumer Price Index for December, year-over-year...
While the Washington D.C. ruling class lectures the world about morality and human rights. "They're witnessing a sharp rise in cases of malnutrition here and across the country, with both mothers and young infants in particular unable to get enough food. The UN has...
According to new data released Friday by the Bureau of Labor Statistics, price inflation in November rose to the highest level recorded in nearly forty years. According to the Consumer Price Index (CPI) for November, year-over-year price inflation rose to 6.8 percent....
With the recent rise in inflation—with subsequent increases in both consumer and producer price levels—one suspects that sooner or later people on the left either would downplay it or find a way to spin the bad news into something positive like an alchemist would want...
Advocates for vaccine mandates—led by the Biden Administration—are apparently unconcerned that the mandates are likely to drive down total employment and reduce access to government services. In many cases these are the same services that mandate-pushing politicians...
One argument against the idea of technological unemployment, offered by many people who today sincerely style themselves as leading defenders of the free market, goes that automation will create more jobs than it destroys but due to the nature of the market, the...
Like nearly all U.S. states, Georgia imposed a stay-at-home order in March 2020 in response to demands from public health officials claiming a stay-at-home order would lessen total deaths from COVID-19. But unlike most states, Georgia ended its stay-at-home order...
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