Last year, I wrote about a paper by economists by economists James Cloyne, Joseba Martinez, Haroon Mumtaz, and Paolo Surico which found that: A corporate income tax cut leads to a sustained increase…
Most of the consequences of any action are unintended consequences. Hiking the minimum wage, for example, is intended to raise the wages of workers, but other — unintended — consequences are, according to research,…
It is often argued that, at the federal and state level, “the rich” and their corporations use their wealth to influence policy in their economic interest. An example is found…
On Sunday morning, I appeared on Fox and Friends to discuss a New York judge’s decision to temporarily block a planned city-ordered pay hike for food delivery workers. The New York Daily News reports…
Not long ago, policymakers like Rep. Alexandria Ocasio-Cortez were enamored of something called Modern Monetary Theory (MMT). This theory starts with a banal observation — that a government that issues the currency its debts…
An anti-capitalist cafe that opened last May in Toronto, Canada, announced last week that it was going to close on May 30 due to failure to, wait for it, make…
A couple of weeks ago I wrote about South Dakota’s relative economic success. What may have also struck you about that story is how badly the economy of North Dakota has…
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...