Much talk about the central bank's policy centers on whether the target interest rate is above or below the "natural rate." Unfortunately, we will never know what the natural rate is.
As long as Big Pharma wants it, and if there's a profit to be made, apparently our government will be there to provide lots of taxpayer funding. Actual healthcare is apparently a secondary concern.
Biden's vaccine mandates are yet another dangerous frontier in using a perceived or real crisis to justify an immense expansion in state power and control over the population.
The terrorist attacks of 9/11 were possible thanks to an immense military and intelligence failure on the part of the United States government. Why think these people "keep us safe"?
All goods and services are scarce, and government intervention has never changed this reality. The scarcity of water is nothing new, nor is it an impossible conundrum for markets.
Contra Mr. Biden, this is entirely about freedom and personal choice.
Economic fundamentals are weaker today than when the Great Recession began. And the Fed has less room to maneuver. This suggests the next crisis will be even bigger than the last one.
The West's rush to embrace the Chinese regime's bizarre lockdown method of disease control exposed just how little Western regimes actually care about human rights or the rule of law.
Calculating "multiplier effects" is perhaps the most common method of cheating with benefit-cost analysis.
Paul Krugman recently used his column to attack Austrian economics—yet again—but his attacks rely mostly on myths, poor reasoning, and misinformation.
