Harvard Researchers: Nearly Half of Young Adults Showing Signs of Depression Amid Pandemic

Mounting evidence shows that pandemic-related lockdowns and restrictions have inflicted much more harm on younger people than the coronavirus itself. A new report reveals that nearly half of 18 to 24 year-olds are “showing at least moderate depressive symptoms," and for many the depression is severe. Researchers at Harvard, Northeastern, Rutgers, and Northwestern universities conducted eight large … Continue reading Harvard Researchers: Nearly Half of Young Adults Showing Signs of Depression Amid Pandemic

The Federal Reserve Is Both Too Politicized and Too Powerful

As the COVID-19 catastrophe unfolded, the Federal Reserve intervened swiftly in financial markets. Many praise the Fed’s response, including its new role as the “market maker of last resort.” Others are impressed the Fed steered clear of politics during the crisis. The Fed demonstrates what an effective and independent central bank can accomplish, its defenders … Continue reading The Federal Reserve Is Both Too Politicized and Too Powerful

Celebrities (Besides Joe Rogan) Who Said Goodbye to California

California dreaming? Nothing wrong with that. The Golden State has a lot to offer. California has the fifth largest economy in the world. The San Francisco Bay Area alone has a GDP of $535 billion and ranks 19th in the world in economic activity. The state boasts one of the largest agricultural industries on the … Continue reading Celebrities (Besides Joe Rogan) Who Said Goodbye to California

Hey Congress: Here’s One Economic Stimulus Proposal That Wouldn’t Cost Taxpayers Trillions

Congress isn’t known for learning from its mistakes. So, it’s not exactly shocking that despite the many failures of their last effort, lawmakers from both parties are pushing for another massive relief bill to stimulate the economy amid COVID-19 and the continued economic fallout. The GOP has at least expressed a desire to keep the … Continue reading Hey Congress: Here’s One Economic Stimulus Proposal That Wouldn’t Cost Taxpayers Trillions

Elon Musk’s Economic Truth Bomb to Joe Rogan

Elon Musk dropped an economic truth bomb on Joe Rogan’s podcast a couple of months ago. “If you don’t make stuff, there’s no stuff.” Obvious? You’d think so. But, as Musk pointed out, our economic policies throughout the COVID-19 pandemic have ignored that simple truth. The prevailing assumption is that the government can press “pause” … Continue reading Elon Musk’s Economic Truth Bomb to Joe Rogan

Congress Acquiesces to Tariffs by Fiat

This post is to call your attention to a brand new paper of mine titled “Tariffs by Fiat: The Widening Chasm between U.S. Antidumping Policy and the Rule of Law.” First, some background. Article 1, Section 8 of the U.S. Constitution gives Congress authority “to lay and collect Taxes, Duties, Imposts and Excises…and to regulate commerce with foreign … Continue reading Congress Acquiesces to Tariffs by Fiat

Texas Beer Should Be Sold as Freely as Tennessee Whiskey

The Constitution guarantees the right to engage in commerce within the United States free from interstate trade wars through what’s known as the “dormant” Commerce Clause, which stops protectionist state regulations. Last year, the Supreme Court’s groundbreaking opinion in Tennessee Wine & Spirits Retailers Association v. Thomas reaffirmed this principle, holding Tennessee’s durational residency requirements for retail liquor … Continue reading Texas Beer Should Be Sold as Freely as Tennessee Whiskey

Seattle Just Passed a New Tax on Jobs in the Middle of an Economic Crisis—But Exempted Government Workers

The city of Seattle is already struggling. With a new tax on jobs, its city council seems determined to make things even worse. The COVID-19 pandemic and local government lockdowns economically decimated Washington state in March, with Seattle hit especially hard in the early days of the virus’s spread. In the immediate aftermath of the … Continue reading Seattle Just Passed a New Tax on Jobs in the Middle of an Economic Crisis—But Exempted Government Workers

Ignoring the Recent (and Ignominious) History of “Buy American”

Democratic Presidential nominee — and current 2020 front‐​runner — Joe Biden yesterday released a “Made In All of America” plan heavy on “Buy American” mandates, pursuant to which $400 billion in new federal energy and infrastructure projects must use only “American products, materials, and services.” Biden’s plan, it should be noted, is hardly novel: Buy American laws … Continue reading Ignoring the Recent (and Ignominious) History of “Buy American”