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Economist Robert Higgs described the “ratchet effect” in which government either creates a crisis or responds to one, leading to a permanent expansion of government power. After the crisis ends, government retreats—but not to the point where is was pre-crisis.
When markets get more volatile and more unstable, I get the urge to take a step back and reflect on simple assessments of trend...
Jeffrey A. Singer Below is an excerpt of the new book Your Body, Your Health Care (Cato Institute 2025) by Jeffrey A. Singer, MD,...
One of my favorite market breadth indicators remained in an extreme bearish reading through the end of last week, standing in stark contrast to...
Walter Olson No civil rights law on the books requires “viewpoint diversity” in university admissions or hiring or creates a protected class of students...
