Does Cutting Government Spending Risk a Recession?
Keynesian orthodoxy claims that cuts in government spending mean less “aggregate demand,” and less “aggregate demand” leads to recessions. Economic experience, however,
Merger of Union Pacific, Norfolk Southern Highlights the Need to End Amtrak Subsidies
The standard line for passenger rail travel in the US is that we need a government-subsidized entity like Amtrak because while there
The Alaska Summit in Perspective: Steve Hanke on U.S. Strategy and Russia’s Position
In a candid interview, economist Steve Hanke calls the Trump–Putin Alaska summit “a photo-op,” arguing Russia already holds the upper hand in
Murray Rothbard on Billionaires
According to Statista, there were 66 billionaires in the US in 1990. That number grew to 748 in 2023. Over the same
Japan Rice Price Crisis Reveals a Twofold Policy Dilemma
Japan's economy is caught between inflationary monetary policy and powerful agricultural interests. There is no easy way out.
Government Statistics Are Always Political
The recent political firefight over Trumps firing of BLS Commissioner Erika McEntarfer overshadows the underlying question of why we need the BLS
Why Do We Live in a Two-Faced World?
In normal human affairs, actions like lying, theft, and murder are considered to be immoral and anti-social. However, people are quick to