The new problem we now face arises from the fact that huge deficits are only manageable so long as interest rates remain very, very low. Original Article: There's No Easy Way Out of This Debt Spiral
For many economists, economic growth is a mystery. By “economic growth,” Shawn Ritenour has principally in mind economic progress in the less developed countries, but his recipe for growth applies universally. Why is growth a mystery? Ritenour explains why in this excellent book: “Indeed, a
Jeffrey A. Singer New Zealand’s newly‐elected center‐right government announced yesterday that it intends to
Paul Matzko The Wall Street Journal ran another article about the decline of the local newspaper
November 28 marks the 1894 birth of one of American history’s most prolific public intellectuals—Henry Hazlitt. According to Llewellyn Rockwell, Hazlitt “was familiar with the work of every important thinker in nearly every field” and “wrote in every important public forum of his day.” His
Scott Lincicome Today we’ve published three new essays for Cato’s Defending Globalization project: Trade Buys
Thomas A. Firey US antitrust officials have been busy of late. They’re awaiting a ruling
Adam N. Michel OpenAI released Chat GPT‑3 a year ago this month. The subsequent
Data on employed persons, wages, and other measures point to trouble ahead in an economy already strained by growing bankruptcies, mounting debts, and disappearing savings. Original Article: October's Sobering Jobs Report Adds to Mounting Bad Economic News