“Are the kids okay?” I wonder this often. The answer for a frightening number of them, I think, is “no.” Whether it’s the allure of the Democratic Socialists of America…
Category:
Economy
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Many people would be elated to hear their home had roughly tripled in value over a mere 12 years. But when you have no plans of selling any time soon,…
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Writing to oppose the Constitution’s ratification, an Anti-Federalist writing under the pseudonym Brutus warned against giving the national government the power to borrow money: The power to borrow money is…
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Inflation looks better than it did a month ago, but not because it improved much in August. Revisions from the Bureau of Economic Analysis (BEA) lowered estimates of recent inflation…
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Thirty years ago, a small startup team of scientists in Boston published findings that began with the venom of a Gila monster and ended in a weight-loss revolution. The breakthrough…
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Paul Krugman once said: “If there were an Economist’s Creed, it would surely contain the affirmations ‘I understand comparative advantage’ and ‘I advocate Free Trade.’” We agree. Alas, economists have…
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Executive Summary There are two main theories of corporate governance: the shareholder theory and the stakeholder theory. The former, which originated in the earliest corporate law decisions of courts of…
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Separating Monetary Reality from a Popular Myth 1. Introduction: The Appeal and Persistence of the Claim Some ideas become popular because they are true; others because they are simple. The…
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Protectionism, Economic Monoculture, and the Real Lessons of the Rust Belt Executive Summary In 1950, Detroit and Pittsburgh were among the most prosperous industrial cities in the world. Detroit led…
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1. Introduction: Why Sound Money Matters Money is foundational to commerce and plays a central role in everyday life. We work for it, save it, invest it, and spend it.…