The collapse of Silicon Valley Bank has some policymakers considering expanding government deposit insurance to cover all deposits. Those advocating such a move…
After two worrisome months, we are finally getting some better news on the inflation front. The Personal Consumption Expenditures Price Index (PCEPI) grew…
In one of the nation’s greatest blunders, we (that is, our representatives in Congress) decided to subsidize higher education with easy-to-get loans for…
Is fractional-reserve banking inherently unstable? Over at National Review, Edwin Burton, a visiting economics professor at the University of Virginia, argues that the…
Note: An earlier version of this article appeared at Economic Forces. Anyone who has followed macroeconomic debates of the last half-century is surely…