Rules over Discretion Provide a Path Forward
115th congress in Joint Session, The US Capitol Building, Washington DC Congress hasn’t done its primary job of passing a balanced budget or even a full-year budget in decades. This must change soon before the fiscal crisis gets worse. But that’s unlikely because few seem to care. Congress recently passed the third continuing resolution for fiscal […]
US Can Thwart the CBDC Onslaught
Signs around London remind individuals they are always being watched. Treasuries, exchequers, ministries of finance, central banks, currency boards, and other economic authorities worldwide are in a mad rush to develop central bank digital currencies (CBDCs). According to the Atlantic Council, 130 countries (which account for 98 percent of the world’s economic output) are currently […]
El-Erian, Krugman and other top economists voice China opinions
Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Future Publishing | Future Publishing | Getty Images China’s economy is sputtering. Its property market is crumbling, deflationary pressures are spreading across the nation, […]
Hungary’s Border Success | Armstrong Economics
The number of immigrants has surpassed 3 million immigrants entering the United States. That is more people than 5 State populations combined. Immigrants crossing the border has been a rising issue in the United States, more so since the lift on section 42 in June of 2023, which brought us back to Title 8- allowing […]
Policy Effects in the Ultra-Long Run
Social scientists use both controlled and natural experiments to estimate the impact of various sorts of public policies. One problem with this approach is that it is very difficult to ascertain the long run effects of policy, which might differ dramatically from the short run effects. Consider how rates of alcoholism vary in different parts […]
