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Thursday, April 10, 2025

Why a War on Trade Deficits Won't Reindustrialize America

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President Donald Trump and his team are out to reindustrialize America. Our steelworkers and auto workers, the president says , have “watche...
Wednesday, March 5, 2025

Why Tariff Inflation Won't Be Just a Blip

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  I am a Tariff Man ,” declares Donald Trump. But what about inflation? In his 2025 State of the Union, he admits There mightl be "a li...
Wednesday, December 18, 2024

Could a new misery index help explain the election outcome?

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In 1970 everyone was feeling bad about the economy. How bad? To put a number to the pervasively negative vibe, Arthur Okun created the “mise...
Saturday, September 21, 2024

Populism, State Capacity, and Why It Pays to Play by the Rules

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  Populism is on the rise around the world but the forms it takes can vary widely. Populists can align with the traditional left or right an...
Sunday, August 11, 2024

Climate Inflation is Coming. How Should Central Banks Respond?

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The impacts of climate change are visible everywhere — wildfires in California, preseason hurricanes in the Caribbean, insufficient water in...

Good data on good government: Reformers should take note as political philosophy meets statistics

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G ood government has been a focus of political philosophers for centuries, but times change. Today’s thinkers, unlike Plato or Ibn Khaldun, ...
Monday, April 15, 2024

South Royalton, 50 years later

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Fifty years ago I had the honor to serve as the organizer of a conference on Austrian economics, held in the small town of South Royalton, V...