The Misery Index Shows Bidenomics is Failing
The Misery II Index for the United States stands at 23% for the whole nation, and
The Welfare State Prolongs Recessions
Far from being an “automatic stabilizer” that mitigates recessions by engaging in “countercyclical” spending, the welfare
No Such Thing as a Neutral Fed
The Federal Reserve claims to be independent and politically neutral. But since its actions have political
The Swiss National Bank vs. the Federal Reserve: The Fed’s Capital Losses in Perspective
Do you like your central bank capital positive or negative? The Fed is bankrupt, but even
Clarifying Scarcity: The Garden of Eden
Did scarcity begin with Adam and Eve in the Garden of Eden? Or were human beings
The Folly of Rent Control in New York City (Again)
New York City’s government has imposed draconian rent controls. The natural outcome, as economists note, has
Separating Information from Disinformation: Threats from the AI Revolution
While fears that AI will morph into something like the Terminator and try to destroy the