Repeat after me, class: Growth does NOT cause inflation. Write it on the blackboard 100 times. For decades, the economics profession has been trying to tell us all just the opposite. They keep shoveling out the dumbest economic concept of…
As I survey the few friends I have left as I enter into old age, I see some who are in misery and some who are in pretty good shape psychologically and emotionally. There are many differences between them, and…
The Mont Pelerin Society held its 2023 annual meeting at the same venue as the historic 1944 Bretton Woods international monetary conference, the Mount Washington Resort in Bretton Woods, New Hampshire. The conference was held from October 29 to November…
Considering the current sympathy for Marxism disguised as “democratic socialism,” it has become necessary to revisit some basic facts, one of which is that capitalism is the most compassionate form of economy known to man and, as such, must be…
“For every complex problem,” wrote H.L. Mencken, “there is an answer that is clear, simple, and wrong.” The issues of “health care, infrastructure, education,” and “climate change” could all be solved — according to Stephanie Kelton, author of The Deficit…
Terrorism fundamentally depends on two things: violence and money. None of its violence, like Hamas’ massacre of Israelis, happens without the funding to make it possible. Some of that money comes from state-sponsors of terrorism, such as Iran’s direct sponsorship…
It’s common knowledge among budget experts that the budget process is “broken.” Anyone who regularly reads this column knows about debt limits, government shutdowns, out-of-control spending and borrowing … the list goes on. Well, part of the problem is that,…
As China tightens its restrictions on foreign investors, Americans should invest less in Chinese companies and more in the U.S., according to Rep. Raja Krishnamoorthi (D-Ill.) Concerns surrounding new revisions to Chinese anti-espionage law and exit bans could contribute to…
Central planning, never out of fashion on the left, is now more popular than ever on the right thanks to the GOP’s populist takeover. This is why a recurring effort to intervene in the credit-card processing market is finding more…
