Central bankers are not afraid Trump will “politicize” the Fed and turn it into a crony arm of the government that warps the economy to benefit those close to power.…
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Editor's PickInvesting
How a Manhattan Institute Comparison of Immigrant Incarceration Rates Is Rhetorically Misleading
Alex Nowrasteh Two scholars at the Manhattan Institute (MI) objected to my tweet, noting that Somalis aged 18–54 have an incarceration rate above that of other immigrant groups but below…
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The current Washington tiff between Donald Trump and Jerome Powell is being reframed as Powell heroically defending the Fed’s “independence.” In truth, the Fed has always done the administration’s dirty…
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“America, above all countries, was born in an explicitly libertarian revolution, a revolution against empire; against taxation, trade monopoly, and regulation; and against militarism and executive power.”
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“America, above all countries, was born in an explicitly libertarian revolution, a revolution against empire; against taxation, trade monopoly, and regulation; and against militarism and executive power.”
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When it comes to supporting the Trump administration, there is room for some honest self-reflection: What did I know and when did I know it?
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Net Present Value (NPV) is a popular decision-making criteria used by firms to make key, crucial choices about how to allocate resources across an economy, but this can be misleading…
David J. Bier Welfare fraud cases in Minnesota involving some Somali immigrants have led to demands for broad immigration restrictions. Former Trump official Gene Hamilton, for instance, claims, “It’s not…
Conservatives may protest at first, but ultimately, they bring up the progressive rear to defend, and indeed celebrate, the new status quo.
Editor's PickInvesting
The System That Rewards Excess—the Incentives Behind Overdiagnosis, Overtreatment, and Polypharmacy
Jeffrey A. Singer and Bautista Vivanco A 2024 Commonwealth Fund survey compared prescription rates among seniors (aged 65 and above) in 10 different countries, including the US and Canada (Figure 1). According…