Until very recently, the Federal Reserve had been ratcheting up bank regulations. Economists generally agree that excessive bank regulation dissuades banks from extending credit for some productive projects. In a…
Category:
Economy
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On almost every page of The Socialist Calculation Debate and the Relevance of Economic Knowledge, I found myself thinking, “I can’t believe a monograph like this still needs to be…
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In the modern world, prices always seem to be rising. With the exception of technology and maybe a few other industries, no one wonders whether prices will rise. The only…
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In the modern world, prices always seem to be rising. With the exception of technology and maybe a few other industries, no one wonders whether prices will rise. The only…
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Guess who’s coming home for Christmas? Many college graduates are getting fired just five or six months into their first “real world” jobs. Sixty percent of the 1,000 employers surveyed…
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Federal Reserve policymakers are expected to trim their interest rate target by a quarter percentage point at this week’s meeting, lowering the range to 3.5–3.75 percent. On its face, that…
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A new wave of public polling and media coverage suggests that the Trump administration’s claim that “there is no affordability crisis” is increasingly being rejected by American households. Recent reporting…
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You can’t build a castle on sand, and you can’t build a city on assumptions. Saudi Arabia unveiled The Line in January 2021 as a perfect, linear utopia stretching 170…
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In November, South Korean President Lee Jae-myung launched a crackdown on so-called hate speech online, claiming that such speech “crosses the boundary of freedom of expression.” Punishments can include fines…
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This week marks five years since the passing of Dr. Walter E. Williams. He had the elegance to die, at 84, minutes after teaching the last class of the semester…