David J. Bier Just before the election, the Manhattan Institute (MI) released a report titled “Lifetime Fiscal Impact of Immigrants.” MI claims that the...
Walter Olson California voters decisively defeated an attempt to expand rent control, voters in eight of ten states looked favorably on abortion rights, school...
Romina Boccia For nearly 90 years, a widespread misconception has shaped how Americans view Social Security. Many believe that their payroll taxes are saved in...
Chris Edwards President-elect Trump is moving quickly to choose cabinet members and announce his priorities for next year. Tax policy will be on the...
(This is the second installment of a three-part essay. The first part is here.) Big Engines that Couldn’t Although Hoover’s Reconstruction Finance Corporation (RFC)...
My last post argued that, despite what Diamond and Dybvig’s famous theory suggests, bank runs have seldom proven fatal to otherwise sound banks. Instead,...
On October 10th, Douglas Diamond and Philip Dybvig won the Sveriges Riksbank Prize in Economic Sciences, sharing it with Ben Bernanke “for research on...
In a recent Bloomberg column, former New York Fed President Bill Dudley echoes a conventional Fed narrative, contrasting Fed interest rate cycles under two...
Recently, an investment advisor and Bitcoin proponent tweeted the claim that “[f]or most of human history” the “[s]eparation of money and state was the...