Financial Economists Dismiss Stock Buyback Fury
Ryan Bourne and Sophia Bagley On May 3, 2023, the Securities and Exchange Commission adopted a rule to update stock buyback disclosures, igniting the debate over the economics of stock buybacks once again. The rule would require certain stock issuers to provide disclosures
Chileans Vote to Step Back from the Socialist Brink
Daniel Raisbeck Back in August of 2022, I wrote about how a small band of sanctimonious, sophomoric malcontents had—astoundingly—taken over the Chilean state. President Gabriel Boric, who was elected to his country’s highest office in 2021 at the age of 35, had assembled
Amid Wave of Fed Criticism, Cato Study Finds Fed Has Been Historically Ineffective at Managing Inflation
Jai Kedia Recent Gallup polls have found that public confidence in Fed chair, Jerome Powell, is at an all‐time low, with only 36% of respondents indicating a “great deal” or “fair amount” of confidence that the Fed chair would right the
Government Budget Deficits Cannot Stimulate True Economic Growth
A central tenet of Keynesian economics is that governments must run budget deficits to stimulate economic growth. But government spending actually shrinks the economy. Original Article: "Government Budget Deficits Cannot Stimulate True Economic Growth"
Title 42 Failed. It Should Not Be Extended in Any Form.
David J. Bier With the sunsetting of the public health emergency this week, Border Patrol will lose its ability to expel some immigrants at the border under Title 42. Under Title 42, Border Patrol could quickly remove someone from the United
Rothbard’s Button Doesn’t Exist, but It Needs to Be Invented
With totalitarianism accelerating on a global scale and having kicked off in earnest with government attacks on their own populations during the still-running ruse of the covid vaccine, the state as a necessary feature of civilization stands before us shamelessly
School Districts Sue Over the “Nuisance” of Online Speech
Walter Olson I’ve got a new opinion piece at Ricochet about a particularly disturbing new lawsuit campaign: According to education site The 74, at least eleven school districts around the country have sued the owners of such platforms as Snap, Instagram, YouTube, and TikTok
R.I.P. Newton Minow
Paul Matzko Former FCC Chairman Newton Minow died a few days ago and outlets dug deep into their archives to dust off their pre‐written
NATO’s Great New Idea: “Let’s Start a War with China!”
ATO’s post–Cold War history is that of an organization far past its “sell-by” date. Desperate for a mission after the end of the Warsaw Pact, NATO in the late 1990s decided that it would become the muscle behind the militarization
Canada’s Legal Counterfeiting Ring Is a Product of Progressive Democracy
Canada created its central bank during the Great Depression, ostensibly to stabilize the currency and protect the banking system. Today, that system is falling apart, thanks to inflationary central bank policies. Original Article: "Canada’s Legal Counterfeiting Ring Is a Product of Progressive