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What began as supposedly a free trade union has been turning into an authoritarian, interventionist nightmare. A recent speech by a top European Union commissioner shows the sad direction the EU is heading.
Walter Olson In today’s Harrington v. Purdue Pharma, the Supreme Court confronted a recurring issue in the context of mass legal settlements: Should the courts uphold individualized justice, in the form of each plaintiff’s right to pursue each defendant, even if rough justice of a more collective style
Sixteen Nobel prize-winning economists are declaring Bidenomics to be a huge success, and predicting economic disaster if Trump is elected. It's all further evidence of the pathetic, politicized state of “mainstream” academic economics.
Adam N. Michel In the first presidential debate of the 2024 cycle, former president Donald Trump is likely to talk up some version of his proposals to raise tariffs on Americans. He has previously suggested using the revenue to replace the income tax, lower the
David Inserra The Supreme Court decided the Murthy v. Missouri case by declaring that those suing the government lacked standing. I’ll let lawyers unpack what this means for standing in First Amendment jurisprudence, but for policymakers, the decision shows that we desperately need transparency into the ways
Stephanie Kelton, the most visible promoter of MMT, is being derelict in her academic duties by not replying to Per Bylund’s critique of her theories in Quarterly Journal of Austrian Economics.
Contrary to Milton Friedman’s thesis that the decline in the money supply caused the Great Depression, the real reason was the collapse of real savings, which was due to loose monetary policies by the Federal Reserve.