Uncle Sam, Addicted to Debt, Faces Future Military Bills
[ad_1] Military Academy cadets prepare for pass and review before a football game in West Point. 2008. Washington, DC is going through its annual budget charade. The US Congress is no longer capable of approving individual budgets and appropriations. Instead, a handful of leaders make omnibus deals among themselves and demand the people’s representatives rubber-stamp […]
Trying To Save The Future – Redesigning Government
[ad_1] It took the Roman Empire about 314 years (Pi) to realize that it was just too big and complicated for one man to rule. The Tetrarchy was the system instituted by Roman emperor Diocletian (284-305AD) in 293 AD to govern the Empire by dividing it between two emperors, the augusti (presidents), and their junior […]
ECB’s Lagarde signals June cut, says future rate path uncertain
[ad_1] Christine Lagarde, president of the European Central Bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on March 20, 2024. Bloomberg | Bloomberg | Getty Images European Central Bank chief Christine Lagarde on Wednesday reiterated that policymakers will consider bringing interest rates down in June, but sketched an uncertain path beyond that. […]
History Is Our Only Road Map To The Future
[ad_1] Many people hated history class because they said it was just about a lot of wars and killing people. That was true of modern history, particularly, for they were teaching events – not how or why they took place in the broad context. History is so much more. It is a catalog of […]
Forecasting The Future Based On The Past
[ad_1] COMMENT #1: I was there at your 2011 WEC. I was dragged along by a friend. I remember well your forecast for war starting in 2014 and your forecast that the Dow would go to 40,000. I thought you were crazy. I bet my friend $100 you would be wrong. I had to […]
Two important events this week could determine the future of Fed rate policy
[ad_1] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2024. Brendan Mcdermid | Reuters Markets have become less convinced that the Federal Reserve is ready to press the button on interest rate cuts, an issue that cuts at the heart of where the economy […]
How Much Should We Save For Future Generations?
[ad_1] How should a generation balance its own consumption needs against the desire to save for future generations? At first glance, the simplest approach seems to be that each generation should maximize its own wellbeing. This means consuming as much as desired and then leaving the next generation to figure out its own path. This […]
Flourishing in the Future – Econlib
[ad_1] When you think of the future, how far out does your imagination take you? Next year, a century, a half million years? In this episode, Will MacAskill presents “longtermism” to us, suggesting that we have a moral responsibility to the people who will live after us, as their numbers will be substantially greater than […]
The Past, Present, and Future of Public Choice: Part II
[ad_1] As mentioned in the previous essay, the rise of Politics, Philosophy, and Economics (PPE) programs since 2013 has been significant, including the establishment of a professional society with annual meetings in 2017. A professional journal devoted to this area of research was founded in 2002, and a book series at Oxford University Press was […]
The Future of Innovation in the United States: Permissionless or Regulated?
[ad_1] The last decades in the United States have been marked by what has been called the era of “permissionless innovation.” From the early days of the internet to the rise of mobile computing, American entrepreneurs and innovators have been free to experiment and create new products and services without being hampered by excessive regulations […]