Daily Economy
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Warsh Inherits a Fed Caught Between Inflation and Trump
Kevin Warsh enters the Fed chairmanship facing sticky inflation, rising energy costs, and strong consumer demand. Prompt action may help avoid politically explosive rate hikes.
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Why Libertarianism Keeps Splintering
Uneasy “fusion” coalitions periodically unite competing visions of liberty and political order. But a coalition of individualists was never likely to stay tidy.
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The Feudal Economics of Modern Healthcare: How Regulation Turned Medicine into a Fiefdom
Government-created healthcare monopolies are forcing physicians into a kind of serfdom, gobbling up private practices to extract doctors’ labor.
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Ted Turner Had Many Passions, Especially Population Control
Turner was a fervent neo-Malthusian who donated vast sums to the UN and family planning organizations to curb “overpopulation.”
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CPI Meets Goodhart’s Law: Can Economic Metrics Become Fallacies?
When measures like CPI and GDP become policy targets, they also become sources of confusion for both experts and the public.
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Decades of Bad Energy Policy Left Oil Markets Vulnerable to Iran Shock
Current energy prices reflect the delayed costs of regulatory priorities that misallocated investment and undermined energy resilience.
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Jerome Powell’s Mixed Legacy: Successes and Shortcomings at the Fed
Tributes say he engineered a soft landing, but critics note delayed responses to inflation and a troubling expansion of the Fed’s political footprint.
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The Endless Search for Emergency Tariff Authority
Courts have now rejected multiple attempts to justify sweeping tariffs. The next “emergency” justification (Section 338) may not fare any better.
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Stigler’s Blunder: Did a Nobel Laureate Misread Adam Smith?
Smith recognized self-interest and political corruption, but he also believed people could be persuaded. That distinction is lost in modern reductionism.
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Mass Transit in the Sky: How Air Travel Went from Elite to Affordable
The golden age of airline service was also an era of restriction and high prices. From deregulation to the downfall of no-frills Spirit, competition exposes what travelers are truly willing to pay for.
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•
Warsh Inherits a Fed Caught Between Inflation and Trump
Kevin Warsh enters the Fed chairmanship facing sticky inflation, rising energy costs, and strong consumer demand. Prompt action may help avoid politically explosive rate hikes.
-
•
Why Libertarianism Keeps Splintering
Uneasy “fusion” coalitions periodically unite competing visions of liberty and political order. But a coalition of individualists was never likely to stay tidy.
-
•
The Feudal Economics of Modern Healthcare: How Regulation Turned Medicine into a Fiefdom
Government-created healthcare monopolies are forcing physicians into a kind of serfdom, gobbling up private practices to extract doctors’ labor.
-
•
Ted Turner Had Many Passions, Especially Population Control
Turner was a fervent neo-Malthusian who donated vast sums to the UN and family planning organizations to curb “overpopulation.”
-
•
CPI Meets Goodhart’s Law: Can Economic Metrics Become Fallacies?
When measures like CPI and GDP become policy targets, they also become sources of confusion for both experts and the public.
-
•
Decades of Bad Energy Policy Left Oil Markets Vulnerable to Iran Shock
Current energy prices reflect the delayed costs of regulatory priorities that misallocated investment and undermined energy resilience.
-
•
Jerome Powell’s Mixed Legacy: Successes and Shortcomings at the Fed
Tributes say he engineered a soft landing, but critics note delayed responses to inflation and a troubling expansion of the Fed’s political footprint.
-
•
The Endless Search for Emergency Tariff Authority
Courts have now rejected multiple attempts to justify sweeping tariffs. The next “emergency” justification (Section 338) may not fare any better.
-
•
Stigler’s Blunder: Did a Nobel Laureate Misread Adam Smith?
Smith recognized self-interest and political corruption, but he also believed people could be persuaded. That distinction is lost in modern reductionism.
-
•
Mass Transit in the Sky: How Air Travel Went from Elite to Affordable
The golden age of airline service was also an era of restriction and high prices. From deregulation to the downfall of no-frills Spirit, competition exposes what travelers are truly willing to pay for.