My previous four installments in this series have proposed, inter alia, that (i) laws be enacted like those of FIRREA to hold university trustees and directors personally and individually liable in tort, for compensatory and punitive damages, for misfeasance and nonfeasance; (ii) there be…
This week, Congress moved closer to passing four separate bills with $95 billion in funding for Ukraine, Israel, Indo-Pacific allies, and the domestic submarine industrial base. This funding has been debated for months, with much of it intended for wars…
Critics of House Speaker Mike Johnson’s recent $1.2 trillion funding package have compared Congress to a drunken sailor, which is an insult to intoxicated swabbies everywhere. After all, they stop spending once they burn through their earnings. The U.S. government…
Ah, February. A month of hope. The first whispering lilts of springtime are upon us. Our old friend from Pennsylvania — Punxsutawney Phil — emerged from his burrow on Gobbler’s Knob this month and announced that winter will be over…
“Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.” —Mr. Micawber (fictional character in David Copperfield by Charles Dickens) Twenty pounds…
If you are a borrower seeking a loan from a lender, you might want to secure a loan as far out in time as is prudent, given the nature of what the borrowed money will be used for. If you…
Over the years, I’ve offered many explanations about why the trajectory of the national debt is deeply troubling. At this point, though, my worry isn’t rooted in a dogmatic adherence to the principles of a balanced budget. Nor does it…
Argentine President Javier Milei once again showed that he enters the world stage not as Donald Trump’s epigone but instead as the role model that Trump and other world leaders should follow. “We are here to tell you that collectivist…
Remember when Republicans on the campaign trail would talk about how they would make sure to put the U.S. on a fiscally sane path? I miss that time. While a few of the current crop have paid lip service to…
