The Simplicity and Significance of Mutual Economic Exchange
Economic exchange stands as the defining essence of any economy, epitomizing the intricate web of interconnected transactions that shape its very existence. In essence, an economy derives its essence from the culmination of individual exchanges. However, the profound impact of
Appropriations Bill Adds Fake “Emergency” Spending
Romina Boccia and Dominik Lett Within weeks of passing new discretionary spending limits, Congress is proposing to increase deficits by abusing emergency designations to prop up agency budgets. The May Fiscal Responsibility Act established caps on discretionary funding, but provided an exception
Bill Kristol Backs a Bad, Old Idea
Paul Matzko When Fox News settled for nearly $800
The State of Kids Online Safety Legislation at the end of the 2022–2023 State Legislature Session
Jennifer Huddleston and Gent Salihu In previous years, debates about online speech at a state level had largely focused on issues such as concerns about anti‐conservative bias or online radicalization. More recently, however, many states have instead focused on the impact of
The U.S. Economy Has Been Indeterminate Since the Financial Crisis
Jai Kedia Recently, CMFA published an article and a working paper that detailed the Federal Reserve’s departure from rules‐based governance following the financial crisis of the late 2000s. As per academics and Fed officials, the era of rules‐based governance facilitated the Great
Statism and the Unmaking of Reality
The state is, first and foremost, an institution whose overarching goal is the forcible subjugation of all the people who inhabit a given territory. However, what makes the state different from other coercive entities, such as organized crime groups, is
Biden Is Once Again Being “Generous” to Student Debtors with Taxpayer Money
Neal McCluskey Today, the Biden administration launched a new website for student debtors to enroll in its next big effort to reduce their repayments. Biden’s Saving on a Valuable Education (SAVE) plan seeks to make income‐driven repayment (IDR) much more generous than it
What Will It Take for Cryptocurrencies to Become Full-Fledged Money?
Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.1– NASSIM TALEB The crypto-unit bitcoin2 holds out the prospect of something revolutionary: money created in the free market, money the production and use of which the
The Untested Assumptions in SEC Chair Gensler’s Pivot to AI
Jack Solowey Crypto startups and venture capitalists are not the only ones pivoting to artificial intelligence (AI). Recently, SEC Chair Gary Gensler delivered remarks to the National Press Club outlining his concerns about AI’s role in the future of finance. In those
The Culture Wars and Public Libraries
Jeffrey Miron This article appeared on Substack on July 31, 2023. A recent front in the culture wars is public libraries, such as in Front Royal, Virginia, where a handful of residents ha[s] begun demanding the removal of certain books in the children’s