The Real Costs of Government Spending
In this episode of Good Money, Tho Bishop is joined by Dr. Jonathan Newman to discuss the real costs of government spending. The end of the debt ceiling battle has resulted in the predictable outcome of normalizing the fiscal insanity
Can We Understand AI? A Response to Jordan Peterson’s Podcast
Like snobby teenagers claim of themselves, many say that “nobody understands artificial intelligence (AI).” For example, in a recent interview between Jordan Peterson and Brian Roemmele about ChatGPT, Jordan Peterson claimed that “The system is too complex to model” and
Krugman Misses the Mark on CBDCs—Again
Norbert Michel and Nicholas Anthony This April Forbes column describes why central bank digital currencies (CBDCs) are a fundamental issue related to Americans’ freedom and much bigger than just politics. It argues that New York Times columnist Paul Krugman, famous for being
Brookings Paper Is Not Concrete Evidence That a “Hard Landing” of the Economy Is Inevitable
Norbert Michel and Jai Kedia Last week at Brookings, Ben Bernanke, former Fed chair, and Olivier Blanchard, former chief economist of the International Monetary Fund, released an empirical study of the inflationary episode that followed the COVID-19 government shutdowns. According to
Misleading Debt Limit Deal Math Counts Phantom Savings
Romina Boccia Within mere days of the X‑day deadline for when the federal government would run out of wiggle room to keep borrowing under the statutory debt limit, the President’s and House Speaker McCarthy’s negotiators released the Fiscal Responsibility Act (H.R.3746).
The “Buy Black” Movement: Divisive or a Boon to Black Entrepreneurs?
Calls for black consumers to "Buy Black" can be interpreted as socially divisive, but they are also a way to encourage black entrepreneurs in a free market. Original Article: "The "Buy Black" Movement: Divisive or a Boon to Black Entrepreneurs?"
The Republican Debt-Ceiling “Deal” Is Exactly What We Expected
After countless predictions of economic armaggeddon and panicky entreaties to raise the debt ceiling with no strings attached, the Biden White House and Congressional Republicans agreed on a new budget deal this week that does virtually nothing at all to
Smarter Talk Is Smarter Action
Americans have long thought of themselves as people of action. As Leonard Read noted in his article “How to Gain Liberty,” the sentiment “I want less talk and more action” is (or at least once was) common among Americans. It even
Biden‐McCarthy Deal a Modest Start
Chris Edwards Congress is considering the Biden‐McCarthy debt‐reduction deal. The Fiscal Responsibility Act of 2023 would reduce deficits by $1.5 trillion over the coming decade. The reduction would be a start at righting the federal government’s fiscal ship, but just a small start. The $1.5
Conflict Over a “Citi Bike” Illustrates Popularity of a New Mobility Alternative
Marc Joffe In early May, a video showing a physician’s assistant and a group of teenagers arguing over a shared e‑bike in Manhattan went viral. The video gave rise to conflicting narratives about race and gender, but it also has an important transportation policy implication: