Opinion
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Life, Liberty, Property #162: New Orleans Housing Failure Confirms Limits of Government Mandates
Opinion -budget-tax-news, Editorial -The New Orleans City Council is rolling back an affordable-housing mandate that “failed to produce a single apartment complex since being passed in 2020,” ... -
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Life, Liberty, Property #161: For 100 Years, Zoning Has Been Destroying Housing Affordability
Opinion -budget-tax-news, Editorial -The FOMC is satisfied that the economy is doing well, and their interest rate decision reflects a concern that an expansion of economic activity will spark inflation. I do not believe that ... -
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Life, Liberty, Property #160: Is the Fed Pushing the Economy in the Wrong Direction?
Opinion -budget-tax-news, Editorial -The FOMC is satisfied that the economy is doing well, and their interest rate decision reflects a concern that an expansion of economic activity will spark inflation. I do not believe that ... -
Can a $1.2 trillion giveaway become a fiscal bargain?
Opinion -Editorial -Trump’s $5,000 ‘dividend’ would add heavily to the deficit — unless Congress couples it with spending reductions that survive long after the checks are cashed. -
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Life, Liberty, Property #159: Trump’s ‘Dividend’ Plan Could Work, With One Major Addition
Opinion -budget-tax-news, Editorial -The complaints have substance: the plan is unworkable in the form in which Trump presented it. It would increase the already terrifying national debt and probably spark much-higher inflation ... -
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Life, Liberty, Property #158: Rising Pushback Against the Surveillance State
Opinion -budget-tax-news, Editorial -Public opposition to data centers has increased by 12 percentage points in just the past four months, with 61 percent now saying they oppose building new data centers ... -
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Life, Liberty, Property #157: Data Center Hysteria and the Decay of America’s Political System
Opinion -budget-tax-news, Editorial -Public opposition to data centers has increased by 12 percentage points in just the past four months, with 61 percent now saying they oppose building new data centers ... -
$40+ Trillion Debt: The Bell Tolls for the U.S. Dollar
Opinion -The US is adding $1 trillion to the debt - every ninety-two days. And in FY 2025, the US started paying over $1 trillion per year - just in interest on the debt. -
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Life, Liberty, Property #156: The (Current) Limit on Democratic Socialists’ Political Appeal
Opinion -budget-tax-news, Editorial -Hong’s failure to get past the post in this Democrat primary illustrates a greater problem for the collectivist “democratic socialist” movement. -
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Life, Liberty, Property #155: Hard Facts That Doom Every Proposed Social Security Fix
Opinion -budget-tax-news, Editorial -As the United States careens ever-faster toward the day when the Social Security trust fund will run out, now scheduled for 2032, press reports of reform proposals have been arriving with greater frequency and mounting expressions of fear. -
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Life, Liberty, Property #154: The Nonpartisan Case for Punishing Government Program Fraud
Opinion -budget-tax-news, Editorial -The Trump administration has announced another step in its efforts to identify fraud in government programs and, of equal importance ... -
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Life, Liberty, Property #153: Positive Signs of an Economic Turnaround
Opinion -budget-tax-news, Editorial -Last week’s economic news suggests that the U.S. economy is reforming, moving in a long-term positive direction. The key factor is ... -
Economics and Artificial Intelligence
Opinion -Will Artificial Intelligence (AI) liberate or enslave humanity? As an economist with zero technical expertise, I will not venture a guess. But some economic fundamentals offer some perspective on the AI economy. -
Door Dash and Affordability
Opinion -Affordability has become a paramount political issue, especially housing for young Americans. But do poor spending decisions and not house prices keep Gen Z and Millennials from buying? The debate highlights how markets ration goods and suggests that young Americans may face unprecedented challenges. -
Elon Musk’s Trillion Dollars
Opinion -SpaceX’s initial public offering (IPO) made Elon Musk humanity’s first trillionaire. This threshold has escalated leftist rhetoric against the rich. Mr. Musk’s wealth illustrates important aspects of markets and the nature of seizing wealth. -
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Life, Liberty, Property #152: Immigration Driving Up Housing Costs
Opinion -budget-tax-news, Editorial -Mass immigration has contributed to the rapid increase in the price of housing, I noted in my Heartland Institute policy study on “Housing Affordability: America’s Short-Term Crisis and Long-Term Problem.” A draft working paper from the Federal Reserve confirms that conclusion, with the researchers stating illegal immigration drove 30 percent of the increase in home prices during the years 2021 through 2024, along with 20 percent of the rise in rent prices. -
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Life, Liberty, Property #151: Can Warsh Lead Us Out of the Inflation Trap?
Opinion -budget-tax-news, Editorial -Markets are indicating strong optimism about the U.S. dollar. An article at Unleash Prosperity’s Hotline argues new Federal Reserve Chairman Kevin “Warsh Is Slaying Inflation Already.” -
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Life, Liberty, Property #150: Rhode Island Starts Tax Hike Death Spiral
Opinion -budget-tax-news, Editorial -Rhode Island just enacted a tax increase that will chase the highest-earning households out of the state and ensure revenue shortfalls as long as it remains in place. -
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Life, Liberty, Property #149: Federal Reserve Assumptions Have to Change
Opinion -budget-tax-news, Editorial -Tying the money supply to something real such as gold would solve the inflation and economic boom-bust cycles. The same is true of allowing the market to create money. -
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Life, Liberty, Property #148: The Bill of Rights and the Rise of Soft Despotism
Opinion -budget-tax-news, Editorial -U.S. consumer confidence declined in May in the wake of a sharp rise in inflation expectations and worries about a possible recession. ... -
Wall Street vs. Main Street: A Round Up of the Current Excellent Economic News
Opinion -Lots of DC - and a lot of the rest of us - continue to pretend that Wall Street is the only US economic indicator that matters. -
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Life, Liberty, Property #147: Consumer Confidence Declines, Credit-Card Debt Rises
Opinion -budget-tax-news, Editorial -U.S. consumer confidence declined in May in the wake of a sharp rise in inflation expectations and worries about a possible recession. ... -
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Life, Liberty, Property #146: Are Markets Calling for an Interest Rate Hike?
Opinion -budget-tax-news, Editorial -As Kevin Warsh takes over as chairman of the Federal Reserve (Fed), investors and analysts are expressing much worry about interest rates.... -
Property Tax Relief
Opinion -Gov. Ron DeSantis has proposed eliminating property taxes in Florida, which does not have a state income tax. Property taxes are being reevaluated over fairness concerns.
