Economy

The Biden administration has floated another bloated budget, one that will put the US national debt at $43.6 trillion by 2033, assuming its…

The past three years did quite a number on my once-high optimism about the future. The eagerness and ease with which governments locked…

Is fractional-reserve banking inherently unstable? Over at National Review, Edwin Burton, a visiting economics professor at the University of Virginia, argues that the…

Note: An earlier version of this article appeared at Economic Forces. Anyone who has followed macroeconomic debates of the last half-century is surely…

Included in President Joe Biden’s recently released budget proposal are several tax increases, among them an increase to the top marginal income tax…

In Cleveland, OH, during his bid for the presidency, Walter Mondale blamed his opponent’s policies for turning the region into a “rust bowl.”…

Wilson County Courthouse, Wilson, North Carolina. The city of Wilson, a quiet town of about 50,000 in eastern North Carolina, would not be…

An earlier version of this article appeared at Economic Forces. The dumbest economics discussion over the past few years — and that’s a…

The ongoing debt-ceiling debate has brought concerns about the sustainability of US fiscal policy to the forefront of public discussion once again. While…

“There is perhaps no empirical regularity among economic phenomena that is based on so much evidence, for so wide a range of circumstances,”…