President Trump has nominated Kevin Warsh to succeed Jerome Powell, whose term as Federal Reserve Chair expires in May 2026. Trump has made no secret of his desire to influence…
Category:
Economy
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The answer to the question “Who pays the cost of tariffs?” is obviously important. If the costs of all tariffs were paid exclusively by foreigners, with no negative consequences suffered…
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Donald Trump wants lower interest rates. He has said so openly and has pressured the Federal Reserve accordingly. The political logic seems obvious: easier money boosts asset prices, juices consumer…
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Political scientists contend that a defining characteristic of the state is its monopoly on the use of force (or violence). Meanwhile, economists are quick to emphasize that monopolies are slow…
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The Federal Reserve held its target range for the federal funds rate constant in January 2026 at 3.5–3.75 percent. This decision was consistent with market expectations for the path of…
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Landlords are amazing. That’s perhaps a perverse, controversial statement in these Mamdani-ish times, where “free” socialist housing is all the rage. In popular imagination, landlords are rent-seeking middlemen, extracting value…
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If economic freedom were a stock, analysts would call it boring — and then quietly recommend buying it anyway. For decades, states that limit government growth, keep taxes low and…
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In Bill Cotter’s beloved children’s book series, Don’t Push the Button! a mischievous monster named Larry presents young readers with a tantalizing big red button, sternly warning them not to…
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While most of my fellow Michiganders like to think of Detroit as the birthplace of the automobile, we have to remember, the Germans have us beat. German inventor and entrepreneur,…