Austerity comes from the Greek word “austeros,” connoting harsh, bitter, astringency. The first instance of the word to mean fiscal…

“Chicken” is a game where two people, or two groups, want different things, in a context where “I win/you lose.” …

Earth is going to hit “peak population” before the end of this century. Within 25 years, most of the world’s…

Joseph Schumpeter famously said that creative destruction is the “essential fact about capitalism.”  Entrepreneurs are the moving force in Schumpeter’s…

In a recent essay, John Tamny, at RealClearMarkets got rather SALTy. Worth reading. John (whom I know and like, and…

 Adam Smith recognized the importance of the “make or buy” decision. It is the maxim of every prudent master of…

On May 22, Donald Trump celebrated the House’s passage of HR1 , proclaiming THE ONE, BIG, BEAUTIFUL BILL has PASSED…

What determines the price of a stock, bond, or other income-producing asset?  Interest rates play a larger role than most…

Milton Friedman famously recognized that policy change only happens in crises: Only a crisis — actual or perceived — produces…

The main principle of trade policy is make or buy.   “Economics” comes from the Greek word oikonomia, deriving from oikos,…