Economic Policy

Massachusetts voters approved yet another tax hike for high-income residents, while California voters rejected a similar proposition. The current tax fever does not bode well for economic growth.

Politicians calling for student loan forgiveness or free college tuition have failed to understand the larger consequences of unlimited student lending. Henry Hazlitt would have understood.

As the economy moves into recession, we should understand how we got there and what is needed to bring about a quick and lasting recovery.

All too often, elite mainstream economists' policy recommendations are built on fallacies. We shouldn't listen.

Liz Truss sought to be another Margaret Thatcher, but her ballyhooed budget numbers did not add up.

The common view of inflation is that it is defined as a general increase in prices. Actually, inflation is expansion of the money supply that results in price increases.

Progressives like Robert Reich now claim that there is no inflation, just businesses arbitrarily raising prices so they can increase profits. Such claims do not pass the test of economic logic.

Our current deficit policy amounts to "Give me your wallet, and you will deal with the credit card balance later."

Progressives like Robert Reich now claim that there is no inflation, just businesses arbitrarily raising prices so they can increase profits. Such claims do not pass the test of economic logic.

More than thirty years ago, Japan Inc., seemed like a global economic juggernaut. Today, no country fits that category, thanks to massive government spending and economic intervention.