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Ever since the Luddites rampaged through British textile factories in the early 1800s, people have feared that technology will result in mass unemployment. They were wrong then and are wrong now.
Cronyism and CorporatismDemocracyEconomic PolicyProgressivismTaxes and SpendingU.S. Economy
It's popular for politicians to claim they will never cut Social Security. But doing nothing now about the program means imposing an even larger hit on seniors in the future.
Economic PolicyFree MarketsProtectionism and Free Trade
President Biden's recent call to "buy American" is doomed to failure, just like all other protectionist schemes.
"Woke" is not "fighting racism," no matter how it is phrased. It is about undermining a society and its economy, declaring our social and economic institutions as illegitimate.
Economic FreedomEconomic PolicyTaxes and Spending
If taxes are used for "charitable" purposes, does that justify taxation?
Economic PolicySocialismWorld HistoryEntrepreneurship
In 1991, India's political leaders moved away from socialism, embracing markets and improving the economy. But Indian elites continue to push socialism to the detriment of the people.
CapitalismCentral BanksEconomic PolicyMoney and Banks
For nearly three decades, the Japanese economy has slowly imploded under low interest rates and heavy government debt. It may soon be time to pay the piper.
Cronyism and CorporatismEconomic PolicyFree Markets
The Federal Trade Commission seeks an anti-trust judgment against Microsoft for its move to acquire Activision. Like all other anti-trust action, this one has no economic merits.
Central BanksEconomic PolicyThe FedInflation
Central bankers follow inflation "target" in their pursuit of "price stability." Not surprisingly, they usually miss their targets -- quite badly -- and we now are living one of those moments.
Economic PolicyProgressivismSocialismWorld History
More than sixty years ago, Mao launched the disastrous Great Leap Forward. Progressive elites today are trying to force GLF II in the form of the Great Reset. If implemented, it will be even more disastrous than Mao's original folly.