Daily Economy
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Pursuit of Happiness: The Growth of a Radical Idea
The belief that people can choose their own paths, politically and economically, is pretty new. How’s it going so far?
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Fed Holds Rates Steady Amid Political Pressure
The Federal Open Market Committee resisted calls from President Trump and others to cut rates, apparently satisfied with employment levels and the pace of growth.
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Liberal Heritage and ‘Political Philosophy: The Basics’
Bas van der Vossen’s 2024 book on political philosophy is an excellent, if incomplete, primer for the interested everyman.
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IOUs to Inflation: The Realistic Limits of Magic Money Theory
Despite what Modern Monetary Theorists and other Fed fantasists would have you believe, we can’t print our way out of debt. Deficits will meet reality.
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When Doing Nothing Is Doing Harm: Powell’s Misstep on Tariffs and the Neutral Rate
The Fed’s passive tightening could have active economic consequences. Trade uncertainty is dragging down the neutral rate.
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Europe’s Precautionary Principle Is Killing the Next Big Thing
Entrepreneurs can’t reach for the future of innovation if they face the near-impossible burden of proving zero risk.
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Trump’s AI Plan Aims High, But Leaves a Gaping Hole
The President’s order curbs federal overreach, yet its silence on state regulation risks chaos and stagnation.
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On Immigration and Free Speech, Many Miss the Bigger Picture
Only a robust commitment to freedom of speech can be worthy of the great nation whose security we protect.
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My Disagreement with John Tamny on SALT Deductions
Lower taxes are a good thing — unless they just shift the cost from overspenders onto taxpayers in the future.
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Trump’s Trade War Undermines the Dollar’s Global Reserve Status
The president wants foreigners to hold investment dollars, and to spend those very same dollars buying US exports. It can’t be done.
-
•
Pursuit of Happiness: The Growth of a Radical Idea
The belief that people can choose their own paths, politically and economically, is pretty new. How’s it going so far?
-
•
Fed Holds Rates Steady Amid Political Pressure
The Federal Open Market Committee resisted calls from President Trump and others to cut rates, apparently satisfied with employment levels and the pace of growth.
-
•
Liberal Heritage and ‘Political Philosophy: The Basics’
Bas van der Vossen’s 2024 book on political philosophy is an excellent, if incomplete, primer for the interested everyman.
-
•
IOUs to Inflation: The Realistic Limits of Magic Money Theory
Despite what Modern Monetary Theorists and other Fed fantasists would have you believe, we can’t print our way out of debt. Deficits will meet reality.
-
•
When Doing Nothing Is Doing Harm: Powell’s Misstep on Tariffs and the Neutral Rate
The Fed’s passive tightening could have active economic consequences. Trade uncertainty is dragging down the neutral rate.
-
•
Europe’s Precautionary Principle Is Killing the Next Big Thing
Entrepreneurs can’t reach for the future of innovation if they face the near-impossible burden of proving zero risk.
-
•
Trump’s AI Plan Aims High, But Leaves a Gaping Hole
The President’s order curbs federal overreach, yet its silence on state regulation risks chaos and stagnation.
-
•
On Immigration and Free Speech, Many Miss the Bigger Picture
Only a robust commitment to freedom of speech can be worthy of the great nation whose security we protect.
-
•
My Disagreement with John Tamny on SALT Deductions
Lower taxes are a good thing — unless they just shift the cost from overspenders onto taxpayers in the future.
-
•
Trump’s Trade War Undermines the Dollar’s Global Reserve Status
The president wants foreigners to hold investment dollars, and to spend those very same dollars buying US exports. It can’t be done.