KXNET reports: Kevin O’Leary, aka Mr. Wonderful, and his team have partnered with North Dakota to invest $45 million into early-stage companies. … Called the Wonder Fund, the new partnership looks to…
These articles originally appeared at Econlib in December, 2022 1922 – 1988 At the Irish Free State’s birth in 1922, hopes were high that independence from Britain – what the 18th century…
On Sunday, I wrote about the collapse of Silicon Valley Bank (SVB), “the largest U.S. banking failure since the 2008 financial crisis and the second-largest ever.” Depositors with up to…
On Friday regulators shuttered Silicon Valley Bank (SVB) and seized its deposits in the largest U.S. banking failure since the 2008 financial crisis and the second-largest ever. We shouldn’t be…
A while ago I wrote about how there are a number of ways that employers could respond to a minimum wage hike besides laying off workers. They can cut hours worked…
The last three years or so have seen the death of Modern Monetary Theory (MMT). This is a theory that starts with a banal observation — that a government that issues the…
A lot of effort has been taken to end child labor in developing countries. Among other things, Contemporary Regional Trade Agreements, especially those between developed and developing countries, have usually…
In November, I wrote: The relationships above give us a good basis to speculate on where inflation might be headed. The answer is ‘down’, and, perhaps, reasonably sharply. Today, the Bureau…
If the federal government decides to pursue anti-agriculture policies in the name of fighting climate change (like those of the Netherlands), it is...
2022 was a tough year for parents trying to find baby formula. But after months of parents facing empty shelves, Congress waived tariffs, which can be as high as 17.5%,…
Americans are concerned about housing affordability, which shouldn’t be too surprising considering rising home prices. According to the Cato Institute 2022 Housing Affordability National Survey, a whopping 87% of Americans “are…
Why are prices rising? One theory is ‘cost-push’ inflation. According to my old Dictionary of Economics, this is: Inflation induced by a rise in the costs of production of goods and…
Three things are essential for economic growth: an increase in labor (number of hours worked), an increase in capital, and an increase in total factor productivity, which can be understood…
Last week, the Bureau of Labor Statistics (BLS) released data showing that the United States economy added 263,000 jobs in November. Some, such as Senator Elizabeth Warren, saw this as unequivocally good news:…
Leaders of the G20 met in Bali, Indonesia for their annual summit last month (Nov. 15-16). Like the past couple of years, growing income inequality was one of the top…
Despite being one of the most expensive places for housing in the country, New York City has done very little, if anything, to reform its strictly regulated housing market. Instead, leaders have…