STOP ANY NEW DEFICIT SPENDING AND ALLOW INTEREST RATES TO RISE AT MARKET LEVELS Inflation makes you rich — well, not exactly — but it can make you appear rich. As a teenager, did you dream of having a $100,000 car and a million-dollar home? A few more years of the...

THE GERMANS TRIED SOLAR AND WIND ENERGY – AND ARE NOW RAPIDLY BUILDING NEW COAL PLANTS Last week, President Biden attacked the coal industry. He said his administration was going “to be shutting down these plants all across America…” He also said that wind and solar...

THE PUBLIC OFFICIAL AND THE BODYGUARD The attack on House Speaker Nancy Pelosi’s husband, Paul, again presents the question of which public officials should receive protection and how far should it pertain to family members. Most everyone agrees that it is appropriate...

Those who study both the physical and behavioral sciences should have learned that there are consequences to every action — some good and some not so good — often referred to as stage II. Good chess players are able to “see” the consequences of various moves several...

SOLVING THE CRISIS IN GLOBAL GOVERNANCE Political instability is rising, and the citizens of the world are more fearful, with good reason. Most seek a government that guarantees protection of person and property and ensures civil liberties. At the end of the 20th...

PERIODIC ECONOMIC REVOLUTIONS REQUIRED TO CLEAN OUT THE ROTTEN AND EXCESSIVE GOVERNMENT OSLO, Norway — Norway would be almost the ideal country if it were not a bit cold for my tastes. This country of 5½ million with almost no crime has the fourth-highest per capita...

Which is the correct statement: A. Almost all of the current global warming is caused by human activity. B. Human activity is having a minor effect on climate change. C. No one precisely knows how much of the current warming is caused by man? The correct statement is...

XI HAS PUTIN RIGHT WHERE HE WANTS HIM President Xi Jinping of China is probably looking at the Russian debacle in Ukraine and thinking, “Putin needs me, but I don’t need him.” China has ten times the GDP and population of Russia. China produces almost everything, and...

KEEP THE BRITISH MONARCHY AND THE QUEEN ON THE MONEY With the passing of the queen, there has been much discussion about whether the monarchy and all the various paper currencies with a portrait of the queen should be replaced. I have a one-word answer: Never! At one...

The annual Economic Report of the World was just published by the Fraser Institute and a number of other think tanks. The authors of the Report measure economic freedom on a number of dimensions, including the size of government and taxation, legal system and property...

Do you understand quantum physics? I didn’t think so! There are few physicists who claim to fully understand it, and there is still much disagreement among them about some core aspects of quantum physics. Nevertheless, much of it is proving to be very useful, and the...

Over the period from 1980 and 2018, “the world’s population rose by 71.2 percent, yet the average working time to earn enough money to buy 50 kinds of energy, food, raw materials, and metals fell by 71.6 percent. Put differently, the amount of effort required to buy 1...

The good news is that the world will be awash with clean and inexpensive energy; the bad news is that utopia may be up to a century off due to government drag. All too many people think you can just wish or legislate outcomes, such as “zero-carbon emissions by 2050,”...

If you had been aware of the following facts, would you have voted for the just-passed climate and health care bill? The bill includes major tax increases (including tax increases on people at all income levels), greatly increases government spending and will provide...

An economic and/or hot war between China and Taiwan will be a global economic and political disaster. Upon taking office, President Biden took actions to implement his promised war against the oil and gas industry. He shut down the Keystone Pipeline, restricted oil...

What is a recession? Who is to say? What is an economist, and who is to say? For many years after completing my graduate education, I called myself an economist with a certain pride — but these days not so much. I thought I was following in the footsteps of many great...

FOOD SHORTAGE AND SUBSTITUTIONS WILL IMPACT THE POOREST NATIONS THE MOST There is a tendency to call political opponents racist these days. The Biden folks are particularly prone to label those who disagree with them as having racist motives, when in fact people can...

LOOK TOWARD SRI LANKA AND THE NETHERLANDS Last week, there was a revolt against the government of Sri Lanka, where the president was forced to flee the country. During the past half century, Sri Lanka became a global success story — from a poor country to a...