Is the Federal Reserve a Private Bank? It Doesn’t Matter.
Does it matter if a central bank is privately owned? Experience shows that the answer is no. Public or private, central banks give the state what it wants.
The State of Student Loan Forgiveness: October 2024
Andrew Gillen Note, this post updates last month’s post. The biggest changes from last month include: A new court injunction is blocking any forgiveness under the forthcoming Higher Education Act forgiveness…
Beware of War Hawks in “America First” Clothing
Throughout the Trump years, many of the worst war hawks have abandoned the GOP. However, others are trying to rebrand the same old neoconservative interventionism as part of a new…
Kamala Harris and Her Socialism with 1930s-German Characteristics
For all of the talk about Kamala Harris being a socialist, she certainly does not advocate socialism of the kind we have seen under the old USSR or Mao’s China.…
Reviewing the Case Against a Border-Adjusted Corporate Income Tax
Adam N. Michel A key piece of the 2016 House Republican Tax Reform Blueprint proposed remaking the corporate income tax into a destination-based cash-flow tax (DBCFT). The new tax would…
Will Rivian Automotive Last Long Enough to Use All of Its State Subsidies?
Marc Joffe Electric vehicle marker Rivian is struggling to make cars and earn a profit, but it has proven adept at winning subsidy and tax credit packages from governments around…
Simpson-Bowles 2.0 Won’t Cut It, a BRAC-like Commission Has More Teeth
Romina Boccia Jamie Dimon sounded the alarm on the deficit and debt on the sidelines of the JPMorgan Tech Stars Conference in London, and Washington should pay attention. With the…
Keynes Was Not Much Better at Investing than He Was at Understanding Economics
John Maynard Keynes is the best-known economist from the 20th Century, that not being a good thing. At least he was more famous for his success in promoting his views…