Critics of the Austrian Business Cycle Theory claim that capital investors over time will no longer be fooled by artificially-low interest rates triggered by central banks. However, when central banks…
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Last week, I joined Fr. Robert McTeigue on the Catholic Current podcast to discuss birth rates and how government policy affects families and families formation.
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Silver isn’t a “Giffen good.” It’s a case of shifting demand, not broken economics.
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Colleen Hroncich “Phew!” That’s the sound echoing around Idaho today after the state supreme court ruled yesterday in favor of the new Idaho Parental Choice Tax Credit. The program, which…
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Editor's PickInvesting
Restoring the NIH Mission: Some Good News, Some Not-So-Good News, and Some Really Bad News
John F. Early and Terence Kealey In our Cato working paper “Mission Lost: How NIH Leaders Stole Its Promise to America,” Terence Kealey and I highlighted some strategic failures by…
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Colleen Hroncich Although she had a long career teaching in public schools, Genevieve Hinnant saw that her kids needed something else. Her third-grade daughter had developed standardized testing anxiety. Her…
The modern state doesn’t get its power from the consent of the governed. Instead, it creates crises and then uses coercion to demand obedience.
Jeffrey Miron President Trump’s suspension of immigrant visas for 75 countries took effect on January 21. The pause affects those who seek to immigrate to the US permanently, not short-term visitors…
World News
Brazil’s Social Function Trap: When Property Becomes Conditional, Markets Become Political
While Brazil calls itself a constitutional democracy that has a market economy, private property and markets themselves are subject to conditions set by the government itself.