President Trump has declared today “Liberation Day,” because many of his tariffs come into force. His team is taking a gamble that either…
Category:
World News
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What should economists do, and are we doing it?
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While many people have declared the US Constitution to be “crystal clear” on issues of governance, the truth is that much of what…
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What happens to businesses when liabilities exceed assets? They go bankrupt, with the spectacular failure of FTX being front-and-center. However, the Federal Reserve…
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With people calling for an audit of the US gold stores at Fort Knox, perhaps we should remember how that gold got there…
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For the first five months of the 2025 fiscal year, federal spending is coming in at the highest level ever. This is true…
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Warren Buffett is well-known for his investment acumen, and he often makes public statements in favor of capitalism. But his loyalty to the…
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The Trump administration continues its assault on the First Amendment and the rights of dissenters. The latest casualty is a Turkish graduate student…
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Economists like to claim that expectations of more inflation lead to, well, more inflation. Such beliefs ignore the fact that inflation is an…