Social Security is headed for reduced benefits, and no amount of political rhetoric or even tax increases will solve that problem. The numbers do not lie.
While US taxpayers pay billions for military missions around the world in the name of “keeping us safe,” the federal government fails to keep residents of the nation’s capital safe from violent crime.
Year over year, the drop in money supply remains at Great Depression levels. Over the past six months, though, the total money supply has flattened, suggesting the liquidity is far more plentiful than the inflation doves would have us believe.
Political and economic elites predicted a doomsday scenario when Trump was elected in 2016, but the reality of his presidency didn’t come close to matching the apocalyptic rhetoric that accompanied it.
Before there were other kinds of college admissions quotas, there were Jewish quotas. Jane L. Johnson writes about the days when she was an Affirmative Action West Coast student for colleges in the East.
No state regime is a business and it doesn't have a business model. Real businesses rely on free voluntary exchange with customers. States rely on violence and coercion.
When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production.
In the wake of the financial meltdown fifteen years ago, some countries placed strict limits on piling on public debt. Despite cries that this harms investment opportunities, the ”debt brakes” have worked well.