William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would
A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to
The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser
The Trump White House has enacted tariffs in the belief that other countries are “cheating” by enacting tariffs against US goods and
Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what politicians want
There are numerous critics of free markets. However, all of those critics also are consumers and they gladly depend upon free markets
There are numerous critics of free markets. However, all of those critics also are consumers and they gladly depend upon free markets
Thanks to the endless “War Against Terror,” the US Government promoted methods of torture. Congress stood by and let it happen.
Thanks to the endless “War Against Terror,” the US Government promoted methods of torture, including some borrowed from the sadistic torturers of
What if US trade deficits don't matter?