American Compass Dystopia: Finance’s “Disproportionate Share” Of Profits
Norbert Michel and Jai Kedia A few weeks ago, American Compass released Rebuilding American Capitalism, A Handbook for Conservative Policymakers. This Forbes column (American Compass Points To Myths Not Facts) provided a very brief critique of the handbook’s “Financialization” chapter, and Oren Cass,
Farm Bill 2023: Crop Insurance Subsidies
Chris Edwards The U.S. Department of Agriculture runs dozens of farm subsidy programs, which cost taxpayers more than $30 billion a year. The largest program is crop insurance, which costs about $10 billion a year. The program displaces private methods of managing risk
The Backstops for Banks Are Full of Holes
The Federal Home Loan Bank (FHLB) is the latest "weapon" in the government's so-called arsenal to keep the banking system afloat. But the system needs much more than just "liquidity." It needs sound money and sound banking practices. Original Article: "The
Shrinkflation and Skimpflation Are Eating Our Lunch
Economist Jeremy Horpedahl dismissed the silly claim by anticapitalists that capitalism must engineer food scarcity for the sake of profits. He presented a graph of Bureau of Labor Statistics (BLS) data demonstrating a substantial decrease in household food expenditure as
126 Parole Orders over 7 Decades: A Historical Review of Immigration Parole Orders
David J. Bier President Biden has used the immigration authority known as “parole” to permit many immigrants to enter the country or remain in the country legally. But his actions have deep historical precedent. Under section 212(d)(5) of the Immigration and
Censorship through the Centuries: Free Speech Suppression by the Government and the Mainstream Media
The United States government, which prides itself in being the leading force in defending freedom throughout the world, has a history of putting a muzzle on news organizations and individuals throughout its history. From the early colonial period to the
House Appropriations Subcommittee Zeroes Out California High‐Speed Rail
Marc Joffe Last week the House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies approved a Fiscal Year 2024 budget that forbids the Biden administration from granting additional funds to the California High‐Speed Rail project. The marked‐up budget bill
Wasn’t Lower Inflation Supposed to Be Impossible without Higher Unemployment?
Alan Reynolds A paper on “Managing Disinflation” was recently presented at Chicago Booth by former Fed Governor Frederic Mishkin, and four distinguished co‐authors. “There is no post‐1950 precedent for a sizable central‐bank induced disinflation,” they concluded, “that does not entail substantial economic
How US States Could Pave the Way for Currency Competition
The fiat US dollar, while still the world's "reserve" currency, is being imperiled by reckless actions by monetary authorities. Other countries are taking notice—and action. Original Article: "How US States Could Pave the Way for Currency Competition"
Myth #7: Deflation — Falling Prices — Is Unthinkable, and Would Cause a Catastrophic Depression
Recorded by the Mises Institute in the mid-1980s, The Mises Report provided radio commentary from leading non-interventionists, economists, and political scientists. In this program, we present another part of "Ten Great Economic Myths". This material was prepared by Murray N.