Gene Healy Two weeks into the first Donald Trump presidency, Washington was freaking out about presidential style: “alternative facts” about Inaugural crowd size; scandalizing the CIA(!); using the National Prayer Breakfast to roast Arnold Schwarzenegger for lousy ratings as host of Celebrity Apprentice. Eight years later, the
Neal McCluskey “But even if they can, should they?” I asked that question last week in response to President Trump’s executive order on “indoctrination” in public schools. The question asked specifically: Even if federal officials have the constitutional and legal authority to take sides on values-laden education
Tad DeHaven President Trump issued an executive order planning the establishment of a US sovereign wealth fund. A sovereign wealth fund (SWF) is a state-owned investment fund that manages public assets, typically financed from surplus or natural resource revenues, to generate long-term financial returns for state
Modern Monetary Theory is a perfect example of, “Do as I say, not as you do,” rather than, “Do as I say, not as I do.” MMT rightly points out some hypocrisy, but wants to replace it with more hypocrisy.
As the Trump administration makes real cuts to federal programs, suddenly the opponents of “waste, fraud, and abuse” are discovering that Trump and Elon Musk are serious about slashing spending. Not surprisingly, the Usual Suspects don't like the cuts.
Scott Lincicome and Alfredo Carrillo Obregon Buried in yesterday’s Census Bureau release of the latest US international trade data for full-year 2024 was a nice reminder that, for all the talk of tariffs and “de-globalization,” American consumers and companies aren’t having any of it—at least not
Ryan McMaken and Economist Per Bylund discuss the nature of money in out paper-money world. Are Bitcoin and gold money? If not, how do they become money?
Hans Hoppe recently criticized Argentina's President Javier Milei for not closing the country‘s inflationary central bank. In response, Milei claimed that doing so would result in hyperinflation. Given the central bank prints lots of pesos, shutting it obviously would decrease inflation.