Power & Market

As GSEs before 2008, certain companies enjoy a hugely valuable but free government guarantee. They were never private companies, but an unhealthy mix of socialized government risk and private profit.

We spend very little time and effort learning about what the hundreds of government agencies are doing. Agencies like the Fed exist to exercise monopoly power and enrich a few at the expense of the many.

The greatest innovations don’t emerge from a checklist; they arise from an obsession with understanding something that others overlook.

What should economists do, and are we doing it? Economists should focus on markets, not resource allocation.

For the first five months of the 2025 fiscal year, federal spending is coming in at the highest level ever. This is true even when we adjust for CPI inflation.

I recently joined Lena Petrova on the World Affairs in Context podcast to talk about the alleged gold at Fort Knox, how the federal government stol

Recently President Trump

By omitting mercantilism, Marx could attribute its exploitative practices—particularly colonialism—directly to capitalism, reinforcing his ideological critique.

Public funding of University research and education is neither necessary on practical economic grounds nor defensible on moral grounds. It should be cut 100 percent.

Immigration is an economic issue among others, and the reality is that resources are finite.