The Fed’s September Vote and the Law of Reciprocity
On September 16, twelve people voted. The vote was 12 to 0. The Federal Open Market Committee raised the federal funds rate a quarter point, to 3.75 to 4 percent—the first hike since 2023.
Power & Market
Displaying 1 - 10 of 3290
An Appeal for Peace and Multipolarity
In this statement/open letter, Christopher Coyne and Daniel Klein—both professors of economics at George Mason University— have recently issued a statement on the need for America's foreign policy to move in the direction of peace and multipolarity.
The US Government’s Really Big Debt Problem
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), recently warned about the danger from the United States governmen
Don’t Kill the AI Goose Before It Lays the Golden Eggs
The AI boom is consuming electricity, water, land, and capital at extraordinary rates.
The Uncertainty–Heterogeneity Nexus
Nicolai and I have been writing about entrepreneurial judgment for more than twenty years.
Central Banks Cannot Fix the Sovereign Debt Bubble
Global investors spend a great deal of time worrying about an alleged artificial intelligence bubble.
Wholesale Inflation Soared Again in September
On Wednesday, the Bureau of Labor Statistics released its September CPI inflation report.
Social Security Recipients Get Another Raise: Paid for by Working Families
The Social Security Administration announced today that Social Secur
Madness: 100 Per Cent Tax-Subsidies Fanning Malinvestment under Severe Asset Inflation
A new definition of madness: legislating potent new fiscal incentives for capital spending when the longest running and most severe asset inflation
Rothbard Explains What “Equality” Really Means
[Editor’s note: With the 250th anniversary of the Declaration of Independence comes many attempts to use the text of the Declaration to s
