Fitch downgraded U.S. debt to AA+. Herb Stein once said “If it cannot go on forever, it will stop.” The current path is unsustainable.Fitch downgraded U.S. debt to AA+. Herb Stein once said “If it cannot go on forever, it will stop.” The current path is unsustainable. Continue Reading →
“Although the report was published as a report of the Board of Governors, it was the product of one Board Member, and was not reviewed …” Continue Reading →
First quarter growth was driven by Federal government hiring. Higher government cost was a major contributor to the ongoing inflation. Continue Reading →
Colin Grabow (@cpgrabow) and Scott Lincicome (@scottlincicome) are two must-follows on Twitter on the subject of international trade. Here’s Colin’s latest Twitter thread on the Jones Act. Continue Reading →
One question that has come up is whether this was a failure of regulation. Stanford Prof. John Cochrane is a proponent of this idea. I don’t find his arguments persuasive. Continue Reading →
On March 10, Silicon Valley Bank was closed by the FDIC. The main cause was an incompetent management team that wasn’t interested in banking. Continue Reading →
Biden wants to force ESG rules on fiduciaries. If markets are efficient, portfolios that maximize returns must outperform all others, Continue Reading →
There is a baby formula shortage in the U.S. today. Relaxing U.S. restrictions on imports would help. Congress is incapable of doing that. Continue Reading →
Puerto Rick is a hurricane magnet. After the last one, power was out for 928,000 residents. The island has many diesel power generators. A tanker full of diesel was moored off the coast. But it wasn’t allowed to dock. Why? The Jones Act. Continue Reading →
Some bureaucrats in the Consumer Product Safety Commission have floated a proposal to ban the sale of gas kitchen stoves. Continue Reading →