MARKETS

Tariff Advocates Rarely Talk About How Tariffs Punish Consumers

Politicians who support tariffs and other forms of government intervention in the economy frequently emphasize reshoring, trade deficits, cheap imports, and national security, but they rarely talk about consumers.

How The FED Taxes The Poor

How The FED Taxes The Poor

One of the biggest, and one of the oldest, taxes is inflation. Governments have stolen their people’s resources this way, not just for centuries, but for thousands of years.

Too Big to Pop?

It’s as if the concept of “too big to fail” has evolved into the belief that some bubbles are too big to pop.

Let There Be Light

Let There Be Light

The proper role of the government is not to tell companies what to produce and sell and to consumers what to buy.

ObamaCare’s First Few Years

ObamaCare’s First Few Years

The Patient Protection and Affordable Care Act—otherwise known as ObamaCare—is almost four years old. Despite the technical troubles, what every American should know about the law is that whatever its provisions, whatever the press propagandizes or reports, the...

SEC Attacks SAC Capital

SEC Attacks SAC Capital

Insider trading is when someone trades with knowledge they have but which others do not. The question is whether this should be a crime.

A Green Light for Gold?

A Green Light for Gold?

Gold moved from $300 to $1,800 not because investors believed the government would hold the line on debt, but because they believed that the U.S. fiscal position would get progressively worse. That is what happened this week.

A Return to Keynes?

A Return to Keynes?

Under Calvin Coolidge, the ultimate in non-interventionist government, the annual unemployment rate got down to 1.8 percent. How does the track record of Keynesian intervention compare to that?

Debt Ceiling Delusions

Debt Ceiling Delusions

The popular take on the current debt ceiling stand-off is that the Tea Party wing of the Republican Party has a delusional belief that it can hit the brakes on new debt creation without bringing on an economic catastrophe. While Republicans are indeed kidding...

Minimum Wage Madness

Minimum Wage Madness

Countries with minimum wage laws almost invariably have higher rates of unemployment than countries without minimum wage laws.

No spam. Unsubscribe anytime.

Pin It on Pinterest