Estimated Reading Time: 5 minutes
The 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (colloquially referred to as the Nobel Prize in Economics) was awarded to economist Claudia Goldin. To preface this article, I don’t believe there should be a Nobel Prize in economics, as I’ve pointed out before. My reasoning on this is in line […]
Estimated Reading Time: 6 minutes
The CNN Index invites a simple question. “What emotion is driving the market now?” If you ever find yourself on the business section of CNN’s website, you’ll notice a peculiar thing on the top of your screen. There you’ll find a small ticker labeled “Fear and Greed Index.” The ticker invites a simple question. […]
Estimated Reading Time: 4 minutes
Nobel Prize-winning economist Ronald Coase wrote a paper in 1974 that implicitly predicted the increasing popularity of censorship among the intellectual class. After Elon Musk’s offer to purchase Twitter was accepted, the Department of Homeland Security unveiled plans for a “disinformation” governance board. Musk’s purchase is not final, and the governance board is now […]
Estimated Reading Time: 3 minutes
The blame for the Afghanistan War disaster falls squarely on the experts in Washington, DC, who began the crusade 20 years ago. The Afghanistan War/nation-building project is now confirmed as a complete failure—and a costly one, in both lives and resources. Brown University’s Watson Institute estimates the US spent $2.2 trillion over the 19 years, […]
Estimated Reading Time: 4 minutes
The Fed’s mission creep, though troubling, is neither new nor surprising. The Federal Reserve System has come under fire in the last few months for extending itself into areas outside its Congressional “dual mandate” of stabilizing prices and maximizing employment. There are two areas where the Fed is being accused of overreaching. The first area […]