The laws of economics can be seen at work nearly everywhere if one only endeavors to take note of them. That which Frédéric Bastiat wrote is “not seen” is not…
Category:
Economy
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On September 5, President Trump signed an executive order making The Department of War an official secondary name for The Department of Defense, seemingly with the expectation that legislation will…
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In a recent Wall Street Journal op-ed, former Federal Reserve Bank of Philadelphia President Patrick Harker recounts an interaction with a protester who did not understand the Fed’s limits: Early…
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This year marks the ninetieth anniversary of the Banking Act of 1935, the law that gave the Federal Reserve its current structure. Often overshadowed by the 1933 Act, which created…
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“History doesn’t repeat, but it often rhymes,” is a famous saying attributed to American author Mark Twain. When you read today’s news about the French government and its debt situation,…
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In a recent Wall Street Journal op-ed, former Federal Reserve Bank of Philadelphia President Patrick Harker recounts an interaction with a protester who did not understand the Fed’s limits: Early…
-
This year marks the ninetieth anniversary of the Banking Act of 1935, the law that gave the Federal Reserve its current structure. Often overshadowed by the 1933 Act, which created…
-
“History doesn’t repeat, but it often rhymes,” is a famous saying attributed to American author Mark Twain. When you read today’s news about the French government and its debt situation,…
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National security is the textbook case of a subsidized public good — taxpayer-funded, centrally coordinated, and traditionally insulated from market prices. Ukraine’s wartime economy, however, offers a powerful counterpoint: a…
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President Trump’s “One Big Beautiful Bill” (OBBB) is a mixed bag for the Federal Reserve. On the one hand, OBBB’s passage removes the near-term difficulty of conducting monetary policy in…