Marc Joffe Federal, state, and local governments are being called upon to support struggling transit agencies to meet climate change goals. But spending money on transit is not necessarily the best way to reduce greenhouse gas emissions. In most of the United States, people are reluctant
Vanessa Brown Calder In the evolving post‐Dobbs policy equilibrium, many Republican policymakers are looking for new policies to support mothers and children. Among other things, these policymakers are concerned with ensuring that mothers are adequately supported before and after birth. Policymakers are also worried that some
Previously I explained Ludwig von Mises’s descriptive philosophy of the consent of individuals as the only thing that gives value to norms and authority. Individuals interpret norms and authority as useful—whether or not they are useful in reality for individuals’ purposes of coexistence. I continue
We started blogging again this year and it has been fun. I've managed to keep up with my quantity expections (quality is an issue)
Neal McCluskey The latest 8th grade National Assessment of Educational Progress (NAEP) civics and U.S. history scores are out, and they have been dropping since 2014. This will no doubt spur lamentations about the state of our kids and our democracy, and, all things equal, we
Norbert Michel Last week, the Federal Reserve and the Government Accountability Office (GAO) both released reports on the large bank failures that occurred in March 2023. Both reports reveal serious shortcomings of the U.S. regulatory framework for banks. The GAO report discusses the failures of both Silicon
Norbert Michel Last week, the Federal Reserve and the Government Accountability Office (GAO) both released reports on the large bank failures that occurred in March 2023. Both reports reveal serious shortcomings of the U.S. regulatory framework for banks. The GAO report discusses the failures of both Silicon
Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world. Original Article: "From Discipline to No Discipline: The Sorry Evolution of Modern Banking"
To understand the economy, most financial experts and commentators rely upon gross domestic product (GDP). The GDP framework looks at the value of final goods and services produced during a particular time interval, usually a quarter or a year. This statistic is constructed with the view
The Central bankers of the world, apparently losing confidence that they can fix the inflation they created, are turning to Plan B: blame the people. So we fight each other. Last week the chief economist of the Bank of England, Huw Pill, said the quiet part