Economic Policy

If card-issuers are blocked from charging interest rates higher than 10 percent for consumers with a poor credit history, these consumers will find out that they have fewer borrowing options.

Trump is clearly focused on building a legacy in his second term with his domestic vanity projects and dramatic foreign interventions. But his actual legacy is shaping up to be defined by his lack of progress on affordability.

Housing prices in the US are officially off the charts. But why is that the case, as it wasn’t that long ago that homes were affordable. Like all other economic crises, this one has its roots in government policies.

The Fed’s cost overruns in its building renovation project supposedly are not borne by taxpayers because, as the myth goes, the Fed is “self-financing.” However, the Fed’s “earnings” come from interest payments from the government, payments made by...taxpayers.

Each economic crisis brought on by loose money brings on a “solution” of...looser money. This pattern is not just a threat to the economy but to our very freedom itself.

The Fed is cutting its discount rate again, but Americans will be disappointed with the results, as the Fed’s latest action only contributes to the boom-and-bust cycle.

Socialists and progressives demand that the US adopt a “single payer” healthcare system in which the government provides “free” healthcare. However, “free” healthcare is not free at all, as medical care consists of scarce goods which always come as a cost to someone.

Socialists and progressives demand that the US adopt a “single payer” healthcare system in which the government provides “free” healthcare. However, “free” healthcare is not free at all, as medical care consists of scarce goods which always come as a cost to someone.

Losing one’s money, credit cards, and passports in a New York City cab could have been a disaster. Thanks to trust and cooperation among people who didn’t know each other, this story had a happy ending.

All children eventually learn that the presents under the Christmas tree come from family and friends, who must pay for them with their own money, and not from Santa Claus.