When Henry Hazlitt wrote in Economics In One Lesson that “Economics is haunted by more fallacies than any other study known to man” he knew what he was talking about.…
Category:
Economy
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Bandar Abbas, April 2026. The tanker captain knows this route well. He has sailed it a hundred times — through the Strait of Hormuz, into the Gulf of Oman, west…
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Socialists often criticize US trade restrictions on Cuba. A recent example is the flotilla organized by activists attempting to deliver aid to the island that aimed to draw attention to…
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Jerome Powell’s term as Federal Reserve chair ended Friday, and assessments of his legacy are already rolling in. At Bloomberg, Amara Omeokwe and Catarina Saraiva describe Powell as “The Fed…
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A recent Wall Street Journal report on a workplace trend called “tokenmaxxing” offers a revealing glimpse into some of the confusion attending America’s AI boom. Some companies, the Journal reports,…
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When I was growing up, the only white-collar worker on either my father’s or mother’s side of our family was my Uncle Malcolm, husband of my mom’s older sister. He…
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Even great economists can make poor or incomplete arguments. George Stigler, a titan of the Chicago school alongside luminaries like Milton Friedman, Gary Becker, and half a dozen other Nobel…
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The legal foundation for taxing every import into the US has now rested, at various points in the past year, on a 1977 emergency powers law, a 1974 statute designed…
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Headline inflation cooled in April, but not enough to give the Federal Reserve much comfort. The Consumer Price Index rose 0.6 percent last month, down from March’s 0.9 percent increase.…
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Headline inflation cooled in April, but not enough to give the Federal Reserve much comfort. The Consumer Price Index rose 0.6 percent last month, down from March’s 0.9 percent increase.…
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