Fitch Ratings just downgraded the U.S. government's credit rating due in part to Congress's erosion in governance. Indeed, year after year, we see the same political theater unfold: last-minute deals, deficits and, all too often, the passage of gigantic omnibus spending bills without proper ...
Politics is sometimes little more than marketing. As evidence, behold the sudden use of the term "Bidenomics" by Democrats to describe administration policies of the past few years. Indeed, what's being branded as "new" is nothing but the same old program of big spending, big regulations and big ...
As elections approach, sweeping generalizations have a certain allure that often energizes the frustrated and captivates the hopeful. However, it's essential that we as voters remember that things that seem too good to be true typically are. Here are a few warnings. First, as far as our finances ...
Disinformation, misinformation and fake news are real problems in a world that is now mainly online. However, this shouldn't blind us to the very real risk that comes from a government that aggressively polices information or becomes an arbitrator of the truth. It's simply too easy to use this ...
Whenever we have a national conversation about government debt, Democrats invariably respond that spending is not the reason the debt is now nearly equal to our national GDP. The real cause of our indebtedness, they inform us, is that taxes aren't high enough and the rich don't pay their fair ...
"Common-good capitalism" is all the rage these days with national conservatives. But what exactly is it, you may ask? That's a good question. As far as I can tell, it's a lovely sounding name for imposing one's preferred economic and social policies on Americans while pretending to be "improving" ...
Any parent will tell you that forcing children to eat their spinach is no way to win a household popularity contest. Children don't care about the long-term benefits of eating healthy food when the alternative is the short-term thrill of sugary treats. Much to their children's chagrin, parents ...
If you read news coverage about the brewing battle over raising the debt ceiling, you might think it's a fight between demons and angels. On one side, you have Republicans who are willing to risk a default on the government's debt unless they get spending cuts that will starve people. On the other ...
Government debt as a share of the U.S. economy is falling. This must mean the Biden administration and Congress are practicing fiscal responsibility, right? No, it doesn't. The main driver behind the reduction is inflation -- inflation that politicians in Washington created with their irresponsible ...
I have heard some people say that the Federal Reserve has a credibility problem. The agency missed the biggest inflation spike since the 1980s, was slow to start rolling back pandemic policies and failed to spot the risks that some banks, such as Silicon Valley Bank (SVB), were facing. Instead of ...
