government spending

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The facade of the Federal Reserve Bank.

DC’s Insatiable Urge to Splurge

Asked Wednesday when Congress will raise the debt ceiling by mid-October, House Speaker Nancy Pelosi responded that the House will do what needs to be done “because it’s the responsible thing to do.” What exactly? “We’re paying the Trump credit card,” she said. As long as both parties think they can keep spending money on credit and blame it all on the other side, red ink will flow. Read More ›
Disappointed lonely kid wearing mask for protection of corona virus spread on a closed empty park
Disappointed lonely kid wearing mask for protection of corona virus spread on a closed empty park

Coronavirus Deadly Effect on K-12 Student Learning — Not Student Health

Should the overwhelming majority of public schools across the nation remain closed when COVID-19 has been implicated in very few deaths of students? Read More ›

War Against the Stock Market

Why is the stock market still depressed? In one word, Washington. The Washington political class has engaged in a steady stream of actions and proposals over the last few months that would depress any economy and investor. To explain this, I shall begin with a digression. Last month, the president decided to honor the great Nobel Prize-winning economist, Milton Friedman. Read More ›

this-is-a-44-image-hdr-panoramic-image-of-the-capitol-building-this-has-been-downsampled-to-4k-width-so-that-its-not-stupidly-largeim-playing-around-with-hdr-panoramas-at-the-moment-and-this-one-turne-stockpack-unsplash.jpg
This is a 44 image HDR panoramic image of the Capitol building. This has been downsampled to 4k width so that it’s not stupidly large.I’m playing around with HDR panoramas at the moment and this one turned out pretty well.
Photo by Michael75 at Unsplash

Why Is the Level of Discourse So Low?

Discussion of economic policy matters among politicians has sunk almost to the level of a frat house food fight. There are several reasons for this sorry state of affairs. First, there is an appalling level of ignorance among many political leaders about economic fundamentals. For instance, Senate Majority Leader Tom Daschle recently blamed the recession, in part, on the president’s Read More ›