A Perfect Storm of Incentives
It is not yet clear whether history will remember the 2020s more for an outbreak of a deadly virus, or…
It is not yet clear whether history will remember the 2020s more for an outbreak of a deadly virus, or…
Economics began with a brilliant debunking of fallacies embraced both by the man-in-the-street and by the minister-in-the-royal-court. Chief among these…
Before they were awash with reserves, banks often paid interest to other banks in the “federal funds” market if they…
Suppose that there was a button in front of you that if you pushed, it would, in one instant, abolish…
Once again, in the 2021 Cato Institute rankings of personal and economic freedom, Freedom in the 50 States, New Hampshire…
This December we celebrate the dissolution of the Soviet Union, the communist superpower Ronald Reagan rightly named the “Evil Empire.”…
The United States collects military allies like most people accumulate Facebook friends. Washington’s most recent acquisitions in Europe are Montenegro…
In recent years, Gordon Wood, arguably the greatest historian—living or dead—of the American founding, has become something of a punching…
AIER’s Research Director Phil Magness joins James R. Harrigan, AIER’s Senior Editor, and Antony Davies, Professor of economics at Duquesne…
A friend recently wrote to me agonising over an ethical question. He was pondering a long-haul trip to see his…