Eliminate the Debt Ceiling

The periodic chaos and exceptional measures associated with the US federal debt ceiling are costly, unnecessary, and could well end in catastrophe. The US Constitution, arithmetic, economics, and common sense all support legislation to abolish the cap once and for all.

Utopia or Bust

The grand narrative of the long century between 1870 and 2010 was about technological triumph, coupled with social-organizational failure. Now, the politics of economic governance has gotten even messier, opening up the possibility that we will end up with the worst of all possible worlds.

Do We Know What Causes Inflation?

The Phillips Curve has fallen into disrepair, leaving central bankers without reliable tools to navigate through the fog. That ought to worry us.

Japan’s New Security Posture Is Abe’s Legacy

Japanese Prime Minister Fumio Kishida’s plan to double the country’s military spending, together with the recent update to Japan’s national security strategy, continues a historic policy shift begun by his predecessor. The aim is clear: to improve Japan’s ability to confront the threat posed by China’s expansionism.

The Phillips Curve has fallen into disrepair, leaving central bankers without reliable tools to navigate through the fog. That ought to worry us.

Utopia or Bust

by | February 6, 2023

The grand narrative of the long century between 1870 and 2010 was about technological triumph, coupled with social-organizational failure. Now, the politics of economic governance has gotten even messier, opening up the possibility that we will end up with the worst of all possible worlds.

Japanese Prime Minister Fumio Kishida’s plan to double the country’s military spending, together with the recent update to Japan’s national security strategy, continues a historic policy shift begun by his predecessor. The aim is clear: to improve Japan’s ability to confront the threat posed by China’s expansionism.

The periodic chaos and exceptional measures associated with the US federal debt ceiling are costly, unnecessary, and could well end in catastrophe. The US Constitution, arithmetic, economics, and common sense all support legislation to abolish the cap once and for all.

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