Chapter 2: Reaching for the Zoning Club
Chapter 1: Education in California
Introduction
Jay Powell Said the Banking System Is “Sound and Resilient.” Now More Banks Are in Trouble.
The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday raised the target policy interest rate (the federal funds rate) to 5.25 percent, an increase of 25 basis points. With this latest increase, the target has increased 5 percent since February 2022. This is the highest rate reached since August 2007, shortly before a recession began in December of that year.
Energy and Economic Efficiency: The Market versus the Politicization of Our Energy Futures
In the book Green Tyranny—a fantastic history of the environmental alarmism movement—author Rupert Darwall lays responsibility for the beginning of this movement at the feet of the Germans and the Swedes.
What the Leaked Pentagon Docs Tell Us about the Ukraine War
20 Years Later: Remembering the Disastrous and Failed Iraq War
This spring marks the twentieth anniversary of the US invasion of Iraq in 2003. After an initial frenzy of war fever in the early years of the war, support for the war has since largely evaporated. Nearly two thirds of veterans now say the war was “not worth fighting.” Two thirds of American adults say the same thing. Even among Republican veterans, only a minority say the war was worth it.
The Fed’s Difficult Position Is Its Own Fault
Fed officials are meeting today to discuss the central bank’s next course of action amidst bank failures and persistent inflation.
