Enhancing Transparency over Emergency Spending Reporting: A Call for Executive Accountability
Romina Boccia and Dominik Lett On April 10, 2023, Congress terminated the three‐year‐long COVID-19 national emergency—one of the most expensive emergency declarations ever at more than $7 trillion in spending, as reported by the Committee for a Responsible Federal Budget and the Heritage
Hamas, Israel, and the Collapse of the Fiat Global Order
This past weekend, the world witnessed absolute barbarism play out as Hamas agents brutally targeted Israeli civilians. The State of Israel, suffering from a historic failure to protect its residents, has predictably responded with major military operations in the Gaza
The Central Bank Policy Interest Rate vs the Natural Rate
While central banks use administered interest rates in hopes of emulating the natural rate, these efforts are always going to fail. Without free markets, there is no natural rate. Original Article: The Central Bank Policy Interest Rate vs the Natural Rate
How the Fed Undermines Prosperity
The term “roundabout” is not normally associated with efficiency, unless you’re an economist. Yet roundabout methods—when applied to production—are the key to prosperity. Eugen von Böhm-Bawerk, the great Austrian economist of the late nineteenth and early twentieth centuries, provided examples illustrating
Nobel Prize Winner Claudia Goldin on the Gender Pay Gap
Vanessa Brown Calder This week, Claudia Goldin, the Henry Lee Professor of Economics at Harvard University, was announced as the 2023 Nobel Prize winner. Goldin’s work spans a variety of topics, including women’s labor force participation and economic history, education, immigration, and
Dollarization Puts Foreign Economies at the Mercy of the US Regime
Some free-market advocates are pushing for dollarization in Argentina. But the devastating US sanctions against Panama in 1989 show us how dollarization helps the US exercise more hegemonic power over foreign economies. Original Article: Dollarization Puts Foreign Economies at the Mercy of the US Regime
The Regime Plans More for Us Than Just Hillary Clinton’s “Deprogramming” Demands
This week, Hillary Clinton publicly proposed “formal deprogramming” for MAGA enthusiasts, piling on a repeated President Biden theme of trying to deal with “an extremist movement that does not share the basic beliefs of our democracy. The MAGA movement.” The nation
Why Must Supply Precede Demand? Understanding Economic Foundations
In the market economy, wealth generators do not produce everything for their own consumption. Part of their production is used in exchange for the produce of other producers. Hence, in the market economy, production precedes consumption. This means that something is
The Benefits of China’s Market Reforms and Opening to the Outside World Should Not Be Forgotten
James A. Dorn China’s strong economic growth following its shift from state‐led development (central planning) to marketization in 1978, and its drive to join the World Trade Organization (WTO), are testaments to the idea that widening the range of choices open
This looks like something that a real environmental economist might be able to use in their research*
From Data are Plural (10/11): Michigan air permit violations. For local news organization Planet Detroit, freelance journalist Shelby Jouppi has built a daily-updating dashboard of air quality permit violations cited by Michigan’s Department of Environment, Great Lakes and Energy. The dataset lists 1,500+ violation notices since 2018; for each, it