The debt-ceiling standoff has people concerned about what will happen if the U.S. defaults on its debt. I certainly hope both sides will come together to avoid this outcome. But it is still worth reminding everyone how incredibly precarious the…
The United States is fighting wars on multiple fronts. Aside from our involvement in Ukraine and the Middle East, a hot war is being waged against economics. This war is being championed by the progressives in the Democrat Party, backed…
Limitless: The Federal Reserve Takes on a New Age of Crisis By Jeanna Smialek Alfred A. Knopf, 374 pages, $30 The Federal Reserve System, the United States central banking system, was established in conjunction with the Federal Reserve Act, which…
Republicans and Democrats have been tripping over each other to tell voters how committed they are to making zero changes to Social Security and Medicare. Meanwhile, the Social Security and Medicare Trustees just confirmed yet again that within 10 years…
Victory has many fathers, but defeat is an orphan. However, the Republican 2022 mid-term debacle had many culprits. From Sen. Rick Scott opening the Social Security can of worms, President Trump’s terrible candidates, and incoherent messaging on abortion are just…
In recent years, drug prices have risen faster than inflation. Politicians are blaming this on businesses known as pharmacy benefit managers (PBMs) and, not surprisingly, are moving against PBMs with legislation. Yet the legislation will only make drug prices rise…
The Federal Reserve raised its funds rate on Wednesday by a quarter percent. The 4.5–4.75 percent rate amounts to the highest in 15 years. Despite this, and Wednesday’s hike becoming the eighth consecutive one, Chairman Jerome Powell explained that “we…
Some of our nation’s politicians seem to know very little about basic economic principles despite constantly proposing legislative action on economic issues. Sen. Elizabeth Warren (D–Mass.) and Rep. John Bowman (D–N.Y.) now want federal regulators to impose rent control on…
WASHINGTON — I spent the last couple of weeks in Greece, namely Athens and Crete, cruising the Aegean waters and tasting the cuisine, which is superb, almost as superb as the ancient monuments. Frankly the mendacity practiced on this side…
