Daily news
April 2, 2023
April 1, 2023
Don’t Expand Deposit Insurance. Abolish It!

The collapse of Silicon Valley Bank has some policymakers considering expanding government deposit insurance to cover all deposits. Those advocating such a move believe it will help stabilize the banking system and prevent future bank runs. While these are desirable objectives, expanding deposit insurance won’t accomplish them. The notion that deposit insurance could destabilize the […]

Inflation Slowed in February, But Remained High

After two worrisome months, we are finally getting some better news on the inflation front. The Personal Consumption Expenditures Price Index (PCEPI) grew at a continuously compounded annual rate of 3.2 percent in February, down from 6.9 percent in January. PCEPI inflation was just 2.1 percent in November 2022 and 2.4 percent in December 2022. […]

March 31, 2023
Can We Stop Bleeding the Taxpayers to Cover Unpaid Student Loans?

In one of the nation’s greatest blunders, we (that is, our representatives in Congress) decided to subsidize higher education with easy-to-get loans for anyone who wanted to give college a try. The total of student loan debt is $1.7 trillion; some of the debtors can’t pay back what they owe, and our “compassionate” political leaders […]

John Cowperthwaite: An Underappreciated Champion of Economic Development?

No one knows who John Cowperthwaite is. No one who is not a classical liberal that is. Among that small subset of the population, Cowperthwaite is an unsung hero. As the civil servant who essentially directed the economic policy of Hong Kong after World War II, when it was a British colony, his indefatigable commitment […]

March 30, 2023
Let’s Cut the Budget Nonsense

The Biden administration has floated another bloated budget, one that will put the US national debt at $43.6 trillion by 2033, assuming its optimistic growth and interest-rate projections pan out and the Ukraine war ends. If this budget passes, the debt will hit 110 percent of GDP, federal spending will exceed 25 percent of GDP, […]

A look at Donald Trump’s arraignment schedule ahead of Tuesday court appearance
‘Hands off my stove’: New group pushes back against gas stove bans sweeping nation
Trans activists march on state capitols nationwide as cloud of Nashville Christian school shooting looms
Biden admin allows immigrants to select gender identity other than birth sex after ‘Trans Day of Visibility’
Biden visits University of Pennsylvania campus for the first time since classified documents controversy
DeSantis targets Biden in swing state Pennsylvania, says Democratic Party ‘dead’ in Florida
House Republicans accuse NIH of ‘stonewalling’ on ‘supercharged monkeypox experiment’
Trump indictment unlikely to sway Wisconsin Supreme Court race
Trump to travel to New York City Monday before Tuesday arraignment, return to Florida hours later
Ohio Gov. DeWine signs $13.5 transportation budget, rail safety package into law
Pennsylvania Sen. John Fetterman released from hospital after treatment for depression
Former AG Barr slams ‘pathetically weak’ legal theory behind Trump indictment: ‘An abomination’
McConnell silent on Trump’s indictment as House GOP leaders slam ‘weaponized’ justice system
Planned Parenthood sues Missouri AG over investigation into trans procedures
Dems who accused Trump of trying to jail opponents voice support for Trump grand jury indictment
New Mexico Supreme Court blocks local abortion restrictions
House Speaker Kevin McCarthy to join Las Cruces rally for former U.S. Rep. Herrell
Soros family helped push Manhattan DA Bragg into power
New Jersey passes campaign finance overhaul into law
White House mum on Trump indictment
NYC prosecutor behind Trump indictment has faced repeated criticism for being soft on crime
Trump indicted after Manhattan DA probe for hush money payments
Ron DeSantis says he will refuse any extradition request after Trump indictment: ‘Questionable circumstances’
Trump indictment: Eric, Donald Trump Jr blast ‘third-world prosecutorial misconduct’