The Lighthouse®
At the moment, post-pandemic America is drunk on credit—but the piper will soon demand his pay. And then comes: recession, the inevitable way economies purge excesses and get back on track. Who’s ready for the pain?
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Steve H. Hanke, Adrien Yataco-Chatain (Daily Caller)
Back in 1987, Deng Xiaoping asserted that “the Middle East has oil; China has rare earths.” China is tightening its chokehold on the dissemination of those materials. Whither then, green energy, which depends on them?
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Stephen P. Halbrook (Reason's Volokh Conspiracy)
Following Bruen, last year’s landmark gun-rights case, several lower courts have been getting it right. Others, however, have retained an air of defiance to the Supreme Court. It needs to step in and stop the nonsense.
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William F. Shughart II
What does the failure of First Republic Bank and its government-ordered rescue by JP Morgan Chase portend? A landscape littered with more failed banks—and lots of rescued bankers battening on taxpayer dollars. How do we prevent this? (Let the author hear your thoughts!)
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Volume 26, Issue 21: May 16, 2023
Alvaro Vargas Llosa (Fortune)
At the moment, post-pandemic America is drunk on credit—but the piper will soon demand his pay. And then comes: recession, the inevitable way economies purge excesses and get back on track. Who’s ready for the pain?
READ MORE »
The Midas Paradox
Financial Markets, Government Policy Shocks, and the Great Depression
Financial Markets, Government Policy Shocks, and the Great Depression
By Scott Sumner
Steve H. Hanke, Adrien Yataco-Chatain (Daily Caller)
Back in 1987, Deng Xiaoping asserted that “the Middle East has oil; China has rare earths.” China is tightening its chokehold on the dissemination of those materials. Whither then, green energy, which depends on them?
READ MORE »
Stephen P. Halbrook (Reason's Volokh Conspiracy)
Following Bruen, last year’s landmark gun-rights case, several lower courts have been getting it right. Others, however, have retained an air of defiance to the Supreme Court. It needs to step in and stop the nonsense.
READ MORE »
William F. Shughart II
What does the failure of First Republic Bank and its government-ordered rescue by JP Morgan Chase portend? A landscape littered with more failed banks—and lots of rescued bankers battening on taxpayer dollars. How do we prevent this? (Let the author hear your thoughts!)
READ MORE »
The Beacon: New Blog Posts
- The Growing Burden of Old National Debt, by Craig Eyermann
- Why Aim for 2% Inflation?, by Randall G. Holcombe
- CBO Puts Full Price Tag on Biden Student Loan Relief Scheme, by Craig Eyermann
- Is Inflation Slowing? A Look Ahead, by Randall G. Holcombe
Catalyst: New Articles
- The Moral Lesson in ‘Office Space’ Everyone Misses, by Jon Miltimore
- Fed Expands its Span of Control over U.S. Banks, by William F. Shughart II
- What Mexico City Can Teach the U.S. About Parklets, by Scott Beyer
