Category: Economics

 Federal Reserve Building in Washington DC . When the Federal Reserve’s Federal Open Market Committee (FOMC) voted to lower its federal funds rate target last week and thereby begin the process of un-tightening monetary policy, it said FOMC members had “gained greater confidence that inflation is moving sustainably toward 2 percent.” In fact, inflation appears to…

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Tad DeHaven Democratic presidential candidate Kamala Harris released a “policy book” this week, laying out the policies she would pursue in office. It clocks in at eighty-two pages, but approximately fifty pages have text as there are lots of pictures and filler.  Inspired by my colleague Chris Edwards’ selected word count for the president’s fiscal…

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Colin Grabow Some Americans may be surprised to learn (or perhaps not, given trillion-dollar budget deficits) that a federal law requires the government to pay inflated prices for many of the products it buys. Passed in 1933, the Buy American Act (BAA) grants, with some exceptions, a significant price preference to US-produced goods and materials…

Read More “New Study Finds High Costs and Few Benefits from Protectionist Buy American Act” »

Daniel Raisbeck Venezuela’s 75-year-old president-elect, Edmundo González, fled to Spain on September 8, soon after the Chavista regime issued an arrest warrant against him. González’s exile is the product of the regime’s reign of terror, unleashed since autocrat Nicolás Maduro lost the July 28 election by a 67-to-30-percent margin. Six Latin American countries recognize González’s…

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Peter Van Doren The Committee on Health, Education, Labor, and Pensions, chaired by Senator Bernie Sanders (I‑VT), held a hearing on Tuesday in which he asked the CEO of Novo Nordisk why its diabetes and weight loss drugs, Ozempic and Wegovy, cost much less in Europe than in the United States. Senator Sanders reflected popular sentiment…

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Colleen Hroncich As a mom with six daughters, Sharon Sedlar saw firsthand that one size doesn’t fit all when it comes to education. “At first, my children attended a private elementary school, then we later switched to our district school,” she says. “My older daughters graduated from our district school and greatly benefited from it….

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Michael Chapman During a conference in Buenos Aries sponsored by the Cato Institute and Libertad y Progreso, Argentine President Javier Milei explained why socialism always fails, why big government (the “State”) is criminal, why Argentina is now on the side of the private sector and those who innovate, and why he is a libertarian who…

Read More “Javier Milei at Cato Conference: "I’m a Liberal Libertarian … I Don’t Believe Politicians Are Gods"” »

Roti kering wijen adalah salah satu camilan lezat yang menawarkan perpaduan tekstur renyah dan rasa gurih dari biji wijen. Tidak hanya enak, roti ini juga kaya akan nutrisi karena biji wijen mengandung banyak manfaat kesehatan. Roti kering wijen cocok dijadikan camilan sehari-hari atau untuk dinikmati bersama teh atau kopi. Artikel ini akan membahas lebih lanjut…

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Macro image the Seal of the Federal Reserve on US currency. The Federal Reserve’s recent decision to cut the federal funds rate by 50 basis points to a range of 4.75 percent to 5 percent, despite inflation still exceeding its 2 percent target, bears alarming similarities to the monetary policy missteps of the late 1970s….

Read More “Will the Fed Repeat 1970s Policy Mistakes?” »