Breitbart’s John Carney reads into the Federal Reserve’s “Summary of Economic Projections” its anticipation of a coming contraction. Given the healthy growth likely experienced in the first quarter, a prediction of .4 percent growth for 2023 likely means, according to…

California — uh, make that Florida — here I come. Sorry, Billy Joel. The number of people in a “New York state of mind” has dwindled down, in the words of the song, to a precious few. The ranks of…

Some emergencies require an increase in government spending, but that comes with an understanding that the higher levels of spending are unusual and will not be sustained. Unfortunately, this understanding seems to be lost on the Biden administration. Exhibit A…

Since the pandemic began early last year, the federal government has passed three stimulus packages totaling $5.15 trillion: including $2.35 trillion in March/April 2020; $900 billion in December 2020; and $1.9 trillion in March 2021 (the American Rescue Plan Act…

Stocks have surged, not despite coronavirus but because of government responses to it. While many paint these stock gains as amoral reactions, they are rather straightforward market responses to government actions that have spiked national saving but limited its use….

The late historian Barbara Tuchman, in her work The March of Folly, chronicles how governments throughout history have regularly and repeatedly pursued policies contrary to their self-interest. Looking as far back as the ancient Trojans, who imprudently took the wooden…

Biden is dangerously confused about China and Russia. I am not talking about Biden’s confusion about the countries’ names, which, given his tendency to forget and mix up simple facts, is entirely possible. Behind recent statements from Biden about China…