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...

Why is it that a major airplane crash gets so much press coverage? The main reason is that it is so rare. A century ago, flying in an airplane was very risky; now there is almost no way you can spend your time in greater safety. Why this remarkable change? Early on,...

A funny thing happened on the way to the “greens’ nirvana” of a zero-emission future without fossil fuels. Energy shortages started occurring, the cost of gasoline, heating oil, natural gas and electricity soared — and the voters did not like it. Many things sound...

INFLATION IS HERE TO STAY, BUT INNOVATORS WILL HELP MITIGATE SOME OF ITS PAIN AND DESTRUCTION Where does the world economy go? Inflation is rampant, with a global recession almost a certainty. And then there is the problem of endless growth in government — that saps...

Great inflations almost always end with a recession or depression. Some governments manage the end of inflation by creating policies to set the stage for a quick recovery and rapid growth, even though some months of pain are unavoidable. The best example of this was...

In a market economy, persistent shortages of goods and services are not supposed to occur, unlike in socialist economies. In free markets, if demand begins to exceed the supply for something, producers will raise prices until the point where supply and demand are in...

All too much of our lives are controlled by a tyranny of government “experts.” This past week, Treasury Secretary Janet Yellen admitted she had been wrong about inflation. It would have been nicer if she had the decency to resign since Ms. Yellen and Fed Chair Jerome...

PRICE INCREASES HAVE CAUSED MUCH DEPRIVATION Do you like wilderness camping? That is, real wilderness camping where you have nothing more than a little tent, a blanket and six days of food, but no cell phone or even a flashlight? Few people do that type of camping...

PUTTING ALL TOO MUCH POWER IN A SINGLE PERSON'S HANDS When the body politic trusts one person, whether elected through democratic means or otherwise, with life and death decisions over thousands, if not millions, they put all at risk. Mankind once again is enabling...

A HALLMARK OF SUCCESS IS HAVING A VISION AND THEN ACTUALLY DOING IT No one has been or will be the perfect president, but a number have more than met the needs of their times — the most recent being Ronald Reagan. A hallmark of successful presidents is having a vision...

THE CURRENT SET OF MONETARY AND FISCAL POLICIES ARE SUICIDAL The good news is that inflation will end. The bad news is that, given who is making economic policy, it is more likely to end badly than benignly. The proper way to end inflation is to reduce the rate of...

Like a sickening ooze, governments tend to grow into endless unintended areas – which is known as mission creep. This past week, the American public was served with two dangerous and destructive examples. The very creepy, Secretary Alejandro Mayorkas of Homeland...

The environmental lobby acts as if green energy is a free lunch — but now, reality is about to set in. Chinese President Xi Jinping acknowledged last week that China — the world’s largest polluter — is unlikely to meet its environmental targets. The Chinese economy is...

The world is divided into builders and destroyers, liberators and oppressors. The good news is that a destroyer can become a builder, and an oppressor can become a liberator. History is replete with examples. This past week, Boris Johnson, the U.K. prime minister, who...