Will Intel Become Yet Another Cautionary Tale of State Subsidies’ Unseen Costs?
Krit Chanwong and Scott Lincicome In a new Cato policy analysis out today, September 19, we show that state and local corporate subsidies have increased substantially in recent years, even…
Why Germany Should Preserve Its Debt Brake and the US Should Adopt One
Romina Boccia Germany’s constitutional debt brake, or Schuldenbremse, is a critical fiscal policy tool designed to limit structural government deficits. Instituted in 2009 following the global financial crisis, the debt…
G+D identifies key trends in IoT evolution
The IoT is constantly evolving. According to Giesecke+Devrient (G+D), several trends are emerging: the integration of artificial intelligence (AI), edge computing and blockchain, standardization for more efficient management of IoT…
The Denarius and the Dollar: Price Controls Then and Now
The more things change, the more they remain the same. In our present age of inflation, we are reminded of how Diocletian and other Roman authorities ordered price controls and…
The Fed Hits the Panic Button and Slashes the Fed Funds Rate
The Fed is desperate for you to think that “this time is different.” Unfortunately, Powell can’t seem to come up with explanation of why that is the case.
An Economy So Strong It Requires Crisis-Level Fed Action
The Fed’s specialty is propaganda through data, with a long record of failure. This is by design. Their communication tools must work in overtime, particularly in the face of a…
Fed’s Rate Cut Shows Why Policy Rules Are Needed
Norbert Michel On September 18, the Fed announced a 0.50 percent cut in its target rate, the first time it has cut its policy rate since 2020. The size of…
The Benefits to Politicians of Pandemic Payouts
Jeffrey Miron A standard assumption about elected officials is that they act in the best interests of their constituents. Perhaps that is true in some cases, but more generally they…
An Encouraging Report on Overdose Deaths
Jeffrey A. Singer Brian Mann of NPR News reports today on encouraging new data released by the National Center for Health Statistics showing that overdose deaths from all drugs have…
Understanding the Basics of Modern Banking
Banking systems around the world have huge effects on our lives, yet few people understand how banks work. Worse yet, even fewer understand the malign powers of central banks and…