News

Recent posts and articles from IGEG fellows, advisers, experts and scholars.

Inflation and the Search for Stable Money

INCREASING GOVERNMENT SPENDING AT A RATE THAT ULTIMATELY DEBASES THE CURRENCY Inflation is a deadly problem, and unpredictable changes in the inflation rate (currency debasement) make it an even more deadly hazard to future economic well-being by increasing the risk...

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Wealth Destroyers

NEW YORK ONCE HAD A REPUTATION FOR HAVING WORLD’S MOST HONEST FINANCIAL COURTS Perhaps the single largest wealth destruction in history took place last week, due to the actions of only two people: New York Attorney General Letitia James and Judge Arthur Engoron. They...

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Does Iran Already Have Nuclear Weapons?

TEHRAN MIGHT HAVE AS MANY AS A DOZEN OPERATIVE BOMBS BY MAY Iran may already have five nuclear bombs and may have as many as a dozen by May. Some intelligence estimates, as early as this past October, asserted that Iran could have enough enriched weapons-grade uranium...

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America’s Financial Meltdown on the Horizon

THOSE WHO SEE THE CRISIS COMING WILL USE GOVERNMENT TO SHIFT THEIR RISK TO OTHERS There will be a financial meltdown because the present course is unsustainable. As Herb Stein, former chairman of the president’s Council of Economic Advisers, told us half a century...

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No Accountability

HUNDREDS OF BILLIONS IN ‘IMPROPER PAYMENTS’ MADE BY FEDERAL GOVERNMENT The Government Accountability Office just announced that the government made $236 billion in “improper payments” in 2023 and more than $2.4 trillion in improper payments since 2003 — or about...

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Border Wars: A Permanent Part of Our Existence

WORLD'S 1999 AGREEMENTS COLLAPSE It was the best of times. It was 1999. The U.S. and world economies were booming, and the U.S., for the first time in decades, was running a budget surplus. The European Union was succeeding better than expected, and the common...

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Universities Become Increasingly Irrelevant

ACADEMIA APPROACHES END OF THE LIFE CYCLE Who would have thought that what many regarded as the world’s premier educational institution — Harvard — would end up having the worst rating among major universities for free speech? And have as a president a mediocre...

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Inconsistent Standards and Rules Persist

DISPARATE TREATMENT OF AGNEW, BIDEN BRIBERY ALLEGATIONS IS PRIME EXAMPLE From the time of the Enlightenment, there has been the widespread belief in equal treatment under the law. That pillar of Western civilization is now under attack, as shown by the shameless and...

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‘Bidenomics’ Is the Opposite of Reaganomics

Many people, including virtually all Republicans, properly view President Ronald Reagan as a great success. The economy grew rapidly at an average rate of well over 4% for the last seven years of his presidency, with many millions of new high-paying jobs being...

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Dirty Data Scam: Government-Produced GDP Growth

The good news was that the gross domestic product report came in higher than expected at 4.9% for the third quarter. The bad news was that too much of the GDP growth came from government spending. The old joke: Economists, to prove they have a sense of humor, provide...

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