World War I is the gift that just keeps on giving. Although the U.S. government’s intervention into this senseless, immoral, and destructive war occurred 100 years ago, the adverse effects of the war continue to besiege our nation. Among the most notable examples is the Espionage Act, a tyrannical law that was enacted two months after the U.S. entered the war and which, unfortunately, remained on the books after the war came to an end. In fact, it is that World War I relic that U.S.

Every time a homicide committed with a firearm makes the national news, it happens like clockwork: a variety of pundits in the corporate media quickly pen columns advocating for ever broader and stricter gun control laws. If only government agents were entrusted with a strict monopoly (or near-monopoly) on firearm ownership — we are told — then the United States would have much lower homicide rates similar to those found in most other so-called “developed” countries like Norway or Canada.

The everything bubble continues with a Monet landscape going for a record $110.7 million. Katya Kazakina wrote on Bloomberg, “Painted in 1890, ‘Les Meules,’ from the artist’s series featuring haystacks, had been estimated [to sell] at $55 million. The final price includes fees.”

There is a widespread assumption that interest rates represent the cost of borrowing money. In the narrow sense that it is a rate paid by a borrower, this is true. Monetary policy planners enquire no further. Central bankers then posit that if you reduce the cost of borrowing, that is to say the interest rate, demand for credit increases, and the deployment of that credit in the economy naturally leads to an increase in GDP. Every central planner dreams of consistent growth in GDP and they seek to achieve it by lowering the cost of borrowing money.

I recently gave a talk to a student group at Connecticut College on the economics of climate change. (The video is broken up into three parts on my YouTube channel: one, two, and three.) In this post I’ll summarize three of my main points: (1) There is a huge disconnect between what the published economics research actually says about government policies to limit global warming, and how the media is reporting it.

Two years ago, President Trump announced he would begin the formal process of withdrawing the United States from the Paris Climate Agreement.