A few days ago, cannabis stocks surged after news broke that President Donald Trump is considering ordering his administration to reclassify marijuana as a less dangerous drug, a move that…
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The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a monetary “bait-and-switch.”
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Charles Dickens trained many to hate capitalism, but he never understood the difference between envious hatred of wealth and charitable concern for the poor. The true story of his personal…
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Scandinavia is not socialist; in fact, they are often ranked far higher than socialist economies like Venezuela in terms of economic freedom.
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Robert A. Levy In anticipation of our nation’s semi-quincentennial, here are my reflections—some previously published—on a dozen key questions related to America’s founding documents. 1. What foundational political question did…
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Losing one’s money, credit cards, and passports in a New York City cab could have been a disaster. Thanks to trust and cooperation among people who didn’t know each other,…
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Shortly after hearing about the birth of Jesus, Herod the king tried to have the child murdered. Indeed, Herod’s oppressive rule and the predations of the Roman state play a…
Consumer spending does not drive the economy. On the contrary, saving, investment, and entrepreneurship are the critical components of economic growth.
All children eventually learn that the presents under the Christmas tree come from family and friends, who must pay for them with their own money, and not from Santa Claus.
Historically, it has been very poor manners in Washington to admit that keeping home prices high is a deliberate policy. High prices are not the “unintended consequence” of good intentions.