Lawrence White on Private Gold Mints

Every hoary myth about the private market's unfitness to supply means of exchange has roots that trace back to the hoariest monetary platitude of all, namely, the claim that governments alone, whether republican or absolutist or otherwise, are fit to coin money. That commonplace credendum dates from ancient times, and was a staple of medieval and early-modern monetary … Continue reading Lawrence White on Private Gold Mints

The Dark Side of the Bullet Trains

Japan was the first country to run scheduled passenger trains faster than 125 miles per hour. Since then, France has run faster trains and China has built more miles of high‐​speed rail lines, but Japan is still considered a model for a nationwide high‐​speed rail system. Yet there is a dark side to Japan’s bullet trains. Japan’s economy ground to a halt in 1991 and … Continue reading The Dark Side of the Bullet Trains

Why the Biden Administration Fired Staffers Over Smoking Pot But Let Kamala Harris Get Away With It

Honesty is always the best policy. That is, unless you work in a low-level federal job for the Biden administration—in that case, it might get you demoted or fired. Young White House Staffers ‘Sandbagged’ Over Past Marijuana Use “Dozens of young White House staffers have been suspended, asked to resign, or placed in a remote … Continue reading Why the Biden Administration Fired Staffers Over Smoking Pot But Let Kamala Harris Get Away With It

Who Was the First Woman to Receive an Electoral Vote?

Depending on your age, you may think the answer to that question is Kamala Harris, Hillary Clinton, Sarah Palin, or Geraldine Ferraro. But in fact the first woman to receive an electoral vote, 12 years before the historic nomination of Ferraro in 1984, was Theodora (Tonie) Nathan, the 1972 Libertarian Party vice presidential nominee. Tonie Nathan … Continue reading Who Was the First Woman to Receive an Electoral Vote?

How U.S. Trade Policy Helped Construction Materials Costs Go Through the Roof

The Wall Street Journal reports that skyrocketing construction material costs are inflating home prices, pressuring homebuyers and threatening the booming U.S. housing and construction industries: Lumber, one of the biggest costs in home-building after land and labor, has never been more expensive and is more than twice the typical price for this time of year. Crude oil, a … Continue reading How U.S. Trade Policy Helped Construction Materials Costs Go Through the Roof

PolitiFact: 90% of Biden Stimulus Spending Not Directly Related to COVID-19

President Biden’s $1.9 trillion “American Rescue Plan'' could soon become law.  The budget-busting legislation, sold as emergency COVID response and “stimulus,” passed the Senate over the weekend. But even the liberal-leaning fact-checking website PolitiFact is pointing out that almost all of the bill’s spending is unrelated to the health effects of COVID-19.  “Total spending directly … Continue reading PolitiFact: 90% of Biden Stimulus Spending Not Directly Related to COVID-19

New Census Data Show Homeschooling Tripled During the Pandemic—And One Key Group is Driving the Surge

My daughter had a friend over this week whose parents just took her out of public school for homeschooling, and my neighbor recently unenrolled her child from public school to homeschool for the rest of the academic year. These families are much more than local anecdotes—they are representative of a national trend. New Census Bureau … Continue reading New Census Data Show Homeschooling Tripled During the Pandemic—And One Key Group is Driving the Surge

Don’t Blink or You’ll Miss It: The Left Quietly Puts in Place Everything It Needs for Single-Payer System

The House of Representatives held a hearing titled “Building on the ACA: Legislation to Expand Health Coverage and Lower Costs.” This hearing further confirms the left’s commitment to a single-payer health care model is alive and well. This hearing will be held by the House Energy and Commerce Committee, and is intended to mark the passage … Continue reading Don’t Blink or You’ll Miss It: The Left Quietly Puts in Place Everything It Needs for Single-Payer System

Congress Must Confront Overspending, CBO Report Confirms

The Congressional Budget Office released the newest version of its “Budget and Economic Outlook” on Thursday, and the fiscal outlook over the next decade is grim. Spending, taxes, deficits, and the debt are all projected to increase to record levels. Even assuming no new spending is adopted, the government is projected to spend $61 trillion, collect $49 … Continue reading Congress Must Confront Overspending, CBO Report Confirms

Here’s What $15 Minimum Wage Would Mean for This Frozen Yogurt Shop Owner

Some lawmakers’ push to raise the national minimum wage to $15 an hour is “truly maddening,” small business owner Stuart Hornsby says.  Hornsby owns a frozen yogurt shop, a business he built from the ground up in 2013, in a small city in northwest Georgia. With the exception of the manager and a few other employees, Hornsby … Continue reading Here’s What $15 Minimum Wage Would Mean for This Frozen Yogurt Shop Owner