Economy
Politics, Not Markets, Makes Banking Unstable
Is fractional-reserve banking inherently unstable? Over at National Review, Edwin Burton, a visiting economics professor at the University of Virginia,...
Read moreLessons from the Phillips Curve
Note: An earlier version of this article appeared at Economic Forces. Anyone who has followed macroeconomic debates of the last...
Read moreWhy Progressive Taxes Are Especially Harmful to Productivity and Harm the Poor
Included in President Joe Biden’s recently released budget proposal are several tax increases, among them an increase to the top...
Read moreHow Does a Region Rust Away?
In Cleveland, OH, during his bid for the presidency, Walter Mondale blamed his opponent’s policies for turning the region into...
Read moreA Revolution in Public Transportation From A Town You Wouldn’t Expect
Wilson County Courthouse, Wilson, North Carolina. The city of Wilson, a quiet town of about 50,000 in eastern North Carolina,...
Read moreWhen Can Waffle House Raise its Prices?
An earlier version of this article appeared at Economic Forces. The dumbest economics discussion over the past few years —...
Read moreMonetary Policy and that Old-Time Fiscal Religion
The ongoing debt-ceiling debate has brought concerns about the sustainability of US fiscal policy to the forefront of public discussion...
Read moreA Review of Wynton Marsalis’s Moving to Higher Ground
The artistic and creative personae of a performer or composer is a manifestation of his entire life experience, everything that...
Read moreMoney and Inflation Are Still Related
“There is perhaps no empirical regularity among economic phenomena that is based on so much evidence, for so wide a...
Read moreWhen It Comes to Big Tech and Monopoly Power: Patience is a Virtue, Antitrust is a Vice
At the start of 2023, many in the tech sector and the venture capital world were coming to terms with...
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