Headlines
Deficit-to-GDP Ratio Near World War II Levels, CBO Finds
On January 17, the Congressional Budget Office (CBO) released its latest Budget and Economic Outlook and Update. It attracted little attention in a media environment flooded with stories about then-incoming President Trump,…
Ditching Corporate DEI Excess Is Not ‘Right Wing’
The retreat from DEI has gone from a handful of companies to one of the primary objectives of the new Trump administration. While the pre-election season was marked by a cascade of major companies ranging from Meta to Tractor…
Foreign And Military Aid Is Not Sacred, And President Trump Is Right To Open Up The Books
By Robert Romano President Donald Trump has certainly ruffled some feathers in Washington, D.C. and around the world through his executive order to pause foreign aid and to open up the books at the U.S. Agency for…
Trump Awakens America: The Slumbering Superpower
By Rick Manning The Trump 2 presidency has proven to be much more foreign policy oriented than most Americans expected with America re-emerging as the pre-eminent economic and political force in the world. In a whirlwind, the…
What, Exactly, Are Negative Externalities?
Introduction Economics textbooks feature a coherent theory of how markets can allocate scarce resources in ways that achieve what is plausibly described as maximum possible human satisfaction. This theory is
Kirzner’s Entrepreneur and the Hero’s Journey
Some economists have likened entrepreneurs to heroes, praising their role in disrupting industries and driving progress. Joseph Schumpeter, for instance, famously described them as agents of “creative destruction.” This…
The Constitutional Wisdom of Presidential Term Limits
A Congressman from Tennessee recently advanced a proposal to modify the Twenty-Second Amendment to allow President Trump to serve a third term in office. While a publicity stunt that will appropriately fail to achieve the…
The Trade War Lasted A Day. Trump Won.
By Robert Romano President Donald Trump has paused for 30 days a 25 percent tariff on Mexican goods and another 25 percent tariff on Canadian goods and 10 percent tariff on Canadian energy products after both countries…
Why Public Schooling Delivers War, Not Peace
I recently reported something that, as someone who desires social harmony, I was glad to see but, as someone who desires harmony, made me nervous. I reported that culture war in public schools had abated significantly in…
What Decades of Easy Money Mean for Japan’s Fiscal Future
Over the past three decades, Japan’s monetary policy has been characterized by near-zero interest rates and significant quantitative easing (QE), aimed at countering persistent deflation and stimulating economic growth. The…
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