Daily Economy
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The Fed Sees Higher Inflation Coming — and May Cut Rates Anyway
Inflation is well above two percent, but rate paths haven’t moved. The disconnect suggests a shift in how much inflation the Fed is willing to tolerate.
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Adam Smith’s Three Steps to Prosperity
Specialization fuels economic development, but institutions matter. What constrains trade from producing more value?
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California’s Water Crisis Isn’t a Drought—It’s Bad Policy
Decades of subsidies, mispricing, and politically protected water allocations have left households paying the highest costs while agriculture wastes the most.
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Silent Cal’s Loud Lesson on Tax Cuts
A century ago, the federal government ran surpluses under lower tax rates. But that’s impossible with our out-of-control spending.
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What 122 Universal Basic Income Experiments Actually Show
After more than 100 pilots, the evidence shows that universal basic income does little to boost employment and risks unintended economic costs.
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Bigger Isn’t Better: A Case for Downsizing the Federal Reserve
Does the Fed need 24,000 employees? A leaner, more automated institution could reduce costs and improve transparency.
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Congress Knows It Has a Spending Problem, But Won’t Fix It
Fiscal discipline is politically costly, but inaction will be disastrous. How can we restore sanity to federal budgeting?
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Interest Rate Caps Keep Coming Back — Bastiat Explained Why They Fail
Capital loaned out can’t be invested or consumed. Interest compensating the lender is merely “the price of time.”
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Free Speech in the Digital Age: From Natural Right to Digital Credential
By regulating online speech and expanding digital ID systems, governments are turning the natural right to free expression into a licensed activity.
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Reflections on Saturday Morning TV—and The Regulations That Ended It
Though Saturday morning television is gone, the regulatory complex it spawned remains.
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•
The Fed Sees Higher Inflation Coming — and May Cut Rates Anyway
Inflation is well above two percent, but rate paths haven’t moved. The disconnect suggests a shift in how much inflation the Fed is willing to tolerate.
-
•
Adam Smith’s Three Steps to Prosperity
Specialization fuels economic development, but institutions matter. What constrains trade from producing more value?
-
•
California’s Water Crisis Isn’t a Drought—It’s Bad Policy
Decades of subsidies, mispricing, and politically protected water allocations have left households paying the highest costs while agriculture wastes the most.
-
•
Silent Cal’s Loud Lesson on Tax Cuts
A century ago, the federal government ran surpluses under lower tax rates. But that’s impossible with our out-of-control spending.
-
•
What 122 Universal Basic Income Experiments Actually Show
After more than 100 pilots, the evidence shows that universal basic income does little to boost employment and risks unintended economic costs.
-
•
Bigger Isn’t Better: A Case for Downsizing the Federal Reserve
Does the Fed need 24,000 employees? A leaner, more automated institution could reduce costs and improve transparency.
-
•
Congress Knows It Has a Spending Problem, But Won’t Fix It
Fiscal discipline is politically costly, but inaction will be disastrous. How can we restore sanity to federal budgeting?
-
•
Interest Rate Caps Keep Coming Back — Bastiat Explained Why They Fail
Capital loaned out can’t be invested or consumed. Interest compensating the lender is merely “the price of time.”
-
•
Free Speech in the Digital Age: From Natural Right to Digital Credential
By regulating online speech and expanding digital ID systems, governments are turning the natural right to free expression into a licensed activity.
-
•
Reflections on Saturday Morning TV—and The Regulations That Ended It
Though Saturday morning television is gone, the regulatory complex it spawned remains.