Keynesian orthodoxy claims that cuts in government spending mean less “aggregate demand,” and less “aggregate demand” leads to recessions. Economic experience, however,
The standard line for passenger rail travel in the US is that we need a government-subsidized entity like Amtrak because while there
In a candid interview, economist Steve Hanke calls the Trump–Putin Alaska summit “a photo-op,” arguing Russia already holds the upper hand in
According to Statista, there were 66 billionaires in the US in 1990. That number grew to 748 in 2023. Over the same
Japan's economy is caught between inflationary monetary policy and powerful agricultural interests. There is no easy way out.
The recent political firefight over Trumps firing of BLS Commissioner Erika McEntarfer overshadows the underlying question of why we need the BLS
In normal human affairs, actions like lying, theft, and murder are considered to be immoral and anti-social. However, people are quick to
The Federal Reserve has what the New York Times called its “biggest shindig” of the year at Jackson Hole, Wyoming next week.