American Compass Dystopia: “Rebuilding” American Capitalism
Norbert Michel A few weeks ago, American Compass released Rebuilding American Capitalism, A Handbook for Conservative Policymakers. After I provided a very brief critique of the handbook’s “Financialization” chapter in a Forbes column (American Compass Points To Myths Not Facts), Oren Cass, American Compass’s Executive
FDA Finally Allows OTC Access to One Brand of “Minipill”—A Mini‐step in the Right Direction
Jeffrey A. Singer The Food and Drug Administration announced this morning that it has granted marketing approval for the over‐the‐counter sale of one type of birth control pill, a progestin‐only pill (also called the “minipill”). As explained here, the minipill is not
Banks Create Money out of Thin Air. What Could Possibly Go Wrong?
How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out. Original Article: "Banks Create Money
States Can Curb Federal Power through “Soft Secession”
Former Mises Institute president Jeff Deist wrote on the concept of “soft secession” in September 2021. The article talks about how left-leaning states have an opportunity to embrace an abundance of progressive policies for their citizens—without leaving an open door
The Fed Should Continue to Hold Steady
Jai Kedia From the moment the Fed announced its decision last month to hold target rates steady, it seemed a future rate hike was inevitable. Minutes from that FOMC meeting already showed some disagreement, with a few voices such as Dallas Fed President
My Washington Post Letter to the Editor about Portugal’s Drug Decriminalization
Jeffrey A. Singer On July 7, the Washington Post ran a story by Anthony Faiola and Catarina Fernandes Martins with the headline, “Once Hailed for Decriminalizing Drugs, Portugal is Now Having Doubts.” The authors report that Portuguese policymakers are beginning to doubt
If the FTC Gets Its Way, Could This Be the Last Prime Day?
Jennifer Huddleston For the millions of consumers who enjoy the benefits of their Amazon Prime membership, Amazon’s annual Prime Day has effectively become a new Black Friday in July. But while Prime Day may be a chance to grab a great deal, Amazon’s popular
The Debt-Ceiling Debate Was Pure Theater
In recent months, Americans were treated to a particularly cheap political spectacle: negotiations over the debt ceiling. “Extreme right-wing Republicans have hijacked the debt ceiling process,” said Vermont senator Bernie Sanders. “The fight over the debt ceiling could sink the economy,” intoned
Farm Bill Palooza
Chris Edwards Congress will consider a new farm bill this year, which will likely be a logrolling extravaganza costing $1.5 trillion or more over the coming decade. Just as Lollapalooza had a diverse lineup of bands, the farm bill will include a diverse lineup of
Is the Banking Crisis Being Orchestrated?
With each iteration of the banking crisis, the Federal Reserve System and federal regulators gain in power and authority. Maybe the banking crisis isn’t an accident. Original Article: "Is the Banking Crisis Being Orchestrated?"