Have we been living in an MMT world since 2008?
What we may call the “spending illusion” is perhaps the gravest error in the history of economic thought and has been deeply embedded in economics since the early twentieth century.
Vance, Like Biden, Flunks Econ 101: Backs Hiking Federal Minimum Wage
Michael Chapman Donald Trump’s vice presidential running mate, Republican Senator J.D. Vance (OH), is a very smart and admirable man, but when it comes to basic economics—economics vital to liberty—he apparently is lacking. Vance supports price controls, specifically hiking the federal
United in economic stagnation and false fears
In the wake of the Labor Party's huge win in Great Britain, one is reminded that Labor and Conservatives are far more united in their economic and policy viewpoints than they pretend to be.
Former CDC Director Robert Redfield Shares Fascinating Insights at Yesterday’s “COVID Collateral” Event
Jeffrey A. Singer Last evening, the US premiere of the documentary “COVID Collateral: Where Do We Go For Truth?” was screened at the Cato Institute’s Hayek Auditorium. The film was produced and directed by Canadian filmmaker Vanessa Dylyn and premiered in
VP Picks for Kamala Harris
Chris Edwards Media outlets are identifying vice-presidential options for likely presidential candidate Kamala Harris. Many of the VP options are state governors. Cato grades the governors from “A” to “F” every two years on their tax and spending policies. The “A” governors
Are CBDCs Getting a Rebrand as “Digital Cash”?
Nicholas Anthony More people are taking notice each day of the risks of central bank digital currencies (CBDCs). These concerns have been voiced in the media, in testimonies before Congress, and elsewhere. However, the officials driving the charge for CBDCs appear
Kamala Harris is awful
Kamala Harris represents not merely a continuation of the Obama-Clinton-Biden doctrine of progressive interventionism at home and abroad but an acceleration.
House Budget Committee Seeks to Reform Emergency Spending as Senate Prepares to Raid Rainy Day Funds
Romina Boccia and Dominik Lett The Senate is ready to raid the figurative emergency rainy day fund again. As we highlighted in a recent Debt Digest, Senate Appropriations Chair Patty Murray (D‑WA) and Vice Chair Susan Collins (R‑ME) have reportedly struck
Group interests and the ‘good of the whole’
Progressives promote civil rights viewpoints as being “good for the whole” of society. Yet most of the modern civil rights movements and accompanying legislation simply promote the "good" of one group at the expense of others.
Praxeology and Animals
Utopians are not satisfied with imposing DEI on humans. They also want the state to treat animals as “oppressed” minorities with positive rights.
Biden is not running the government. So, who is?
It’s finally clear to everyone that President Biden is not running the federal government. Yet the government is carrying on as it always has. It’s important to understand why.
Woodrow Wilson and Freedom
For all of his freedom-loving rhetoric, it is clear that Woodrow Wilson was one of the most antifreedom presidents in U.S. history.
Anarchy in the UK
With political turmoil creating anxiety in Great Britain, The Economist chose to describe the political situation as “anarchy.” In reality, this is political chaos, not anarchy, since anarchy is based upon social cooperation and peaceful resolution of conflicts.
The Reality of Human Action
Human action is not a figment of our imaginations, nor is it a social construct. Praxeology describes real and purposeful actions by people who act on what they know or what they believe to be true.
Biden’s student loan gift SAVE is simply a wealth transfer
The Biden administration is determined to do an end run around the courts and ram through yet another student loan forgiveness plan. It is not real “loan forgiveness” but just a massive wealth transfer from lower-income to higher-income groups.
Though popular, nationalizations ruin economies
When governments seize private firms in the name of nationalization, the moves are usually politically popular. However, it doesn't take long for the nationalized firms to turn into a financial black hole.
Unelected technocrats are now the nation’s chief executives
For all the regime's talk about "democracy," it is clear at this point that the White House is run by unelected personnel who are accountable only to technocratic elites.