Politics

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that…

Amtrak is always on the verge of reviving intercity rail traffic in the US, or…

Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively…

A free market economy does not generate jobs or money. Instead, it creates wealth through…

There are numerous critics of free markets. However, all of those critics also are consumers…

There are numerous critics of free markets. However, all of those critics also are consumers…

Thanks to the endless “War Against Terror,” the US Government promoted methods of torture. Congress…

Thanks to the endless “War Against Terror,” the US Government promoted methods of torture, including…

What if US trade deficits don’t matter?

The Trump administration has pursued a high tariff policy, reversing the movement to lower trade…