To Avarice No Sanction
What many people call government generosity Leonard Read called avarice. Original Article: "To Avarice No Sanction"
Understanding SALT
Adam N. Michel In 2017, Republicans passed the Tax Cuts and Jobs Act, which cut taxes for the vast majority of Americans and simplified taxpaying by making modest reforms to, among other things, the system of itemized deductions. One of
The High Costs of a “Hard” Decoupling from China
Clark Packard There’s been a lot of very loose talk recently from the press, politicians and think tank wonks about “decoupling”—that is, entirely eliminating trade, investment and migration—the United States and Chinese economies. Proponents of decoupling the two economies never grapple with
Harsh Fentanyl Laws: Doubling Down on the Wrong Approach
Jeffrey Miron This article appeared on Substack on June 22, 2023 The New York Times reports that multiple states are responding to the opioid overdose crisis by passing harsh new laws aimed at fentanyl: In the 2023 legislative session alone, hundreds of fentanyl
Banks Create Money out of Thin Air. What Could Possibly Go Wrong?
You might rightfully wonder: How can a bank, like the neighborhood bank down the street, “create money out of thin air”? To answer that question, we must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans
Is The Federal Reserve Already Done Raising Rates?
Ryan and Robert Aro take a look at the Fed's unconvincing explanation of why it has chickened out on interest rate hikes. This only makes sense if the economy is much weaker than the Fed claims. Be sure to follow the Fed
The Consequences of Regulation: How GDPR Is Preventing AI
Jennifer Huddleston Recently, the Irish Data Protection Commission halted the launch of Google’s new artificial intelligence (AI) product, Bard, over concerns about data privacy under European Union (EU) law. This follows a similar action by Italy following the initial launch of ChatGPT
China Calls Out the USA for Instigating the Infamous Color Revolutions
As geopolitical tensions rise, the Chinese political leadership tells the US government to desist pushing its "color revolutions." Original Article: "China Calls Out the USA for Instigating the Infamous Color Revolutions"
The FTC Should Answer Its Call of Duty to Gamers
All too often, unscrupulous businesses weaponize the United States’ antitrust laws—which are only supposed to be utilized to protect consumers against higher prices and other consequences of monopoly power—for their own self-serving purposes. Professor Thomas DiLorenzo explained this problem more
Nicotine E‑Cigarettes Might Do More than Save the Lives of People with Schizophrenia
Jeffrey A. Singer Mental health practitioners have long known that cigarette smoking is prevalent among people with schizophrenia. Research estimates as many as 88 percent of people with schizophrenia smoke cigarettes, a rate much higher than in people with other psychiatric disorders