Policy

The real challenge facing Social Security is of paying off unfunded liabilities that occurred in the past - that most beneficiaries from 1940 to the present received more in benefits than they paid in taxes, and so the reverse has to happen going forward. That’s just the math.

How does inflation end? Only with pain in the form of a necessary corrective recession or depression. Congress must slash spending, the Fed must stop buying assets and stop tampering with interest rates, and existing US debt must be allowed to mature and roll off the Fed’s balance sheet. We should force the US federal government to sell assets

The original Trump tax cut and spending expansion pushed up the deficit at a time when the economy did not need a stimulus. The deficit then surged with the first COVID relief bill, but that made sense given the impact of the economic shutdown. By contrast, massive additional stimulus under Biden, when the economy was already rapidly recovering, wa

So, why claim that Keynesian economics is immoral? It is because Keynesians economists claim that by creating new money and increasing spending, the government can create new wealth that will spur economic growth. That is a lie, period. As Murray Rothbard has noted, new money creation and borrowing and spending simply transfers wealth from those wh

The child credit is income redistribution that does nothing to change incentives to work or invest.

We align with Berens' second hypothesis: teachers assign writing tasks but fail to incentivize or provide opportunities for students to write often and well… Writing strengthens memory, attention, reasoning, and understanding across all subjects. Learning to write in the early grades is not just about grammar; it's about learning to organize though

As of February this year, per-pupil spending in the United States averaged $20,387. Perhaps the issue is more accurately described as a misallocation of funds. A disproportionate amount is spent on activities, services, and staffing priorities unrelated to instruction—transportation, school meals, social and mental health services, and social-emoti

The response by the government to the 2008 financial crisis and the COVID pandemic resulted in huge wealth transfers to the richest in society… interest rates being lowered to almost zero caused the wealthiest to borrow money to buy up all the assets in society and take wealth from the poorest.

The empathy for and interest in protecting the powerless and a ruthless pursuit of opportunity for all, no matter of high or low birth, that once defined a righteous and productive political movement has been set aside in favor of a performative politics—whose most zealous adherents are often more interested in signaling membership in a caste—that