Eric Gomez April 2024 was a relatively quiet month for the US arms backlog to Taiwan. Congress did not receive any notifications of new arms sales, and there were no reports of US weapons being delivered to Taiwan that would reduce the backlog. On April 24, President
Adam N. Michel A recent Treasury Inspector General for Tax Administration (TIGTA) report highlights a series of little‐known, fraud‐ridden tax credits for biofuel producers. These subsidies are a cautionary case study of how complicated tax credits are often legally and illegally abused. As trillions of dollars in
The Fed presumably has an “implied guaranty” from the Treasury, but it seems certain that Congress never dreamed that the Fed could experience the losses and the negative capital that are now reality.
Jeffrey A. Singer Yesterday, the Vermont Senate passed H.72, which permits an overdose prevention center (OPC) to operate in one municipality in the state, provided the municipality approves. The mayor and city council of Burlington, Vermont’s largest city, have already signaled that they support this proven
Progressives claim that profits are an unjust transfer of wealth from the poor to the rich. In reality, entrepreneurs earn profits by directing resources from less valued to more valued uses to satisfy consumer needs.
In our current age of rampant monetary inflation and price inflation, good economics has become more relevant for ordinary people. Inflation is not some arcane matter of consumer price indices and statistics on the monetary base. Inflation, is simply ruinous on the personal level.
Argentina's economy has been plagued by increasing inflation since 2007, reaching a world record of 210 percent in 2023. Additionally, the economy has been stagnant since 2011. Milei was elected to turn this around. Can he?
After the Indochina War, Vietnam was one of the poorest countries in the world, but dramatic free-market reforms have made this formerly socialist country prosperous.
The concrete effects of the destruction of money and property on human personality are demonstrated most vividly in the historical episode of the German hyperinflation of 1923.