U.S. Economy

As life expectancy has risen, so have runaway costs. Raising the age won't make Social Security just, prudent, or wise. But cutting federal spending is always the right thing to do. 

A recession looks more likely every day, and the latest sign of this is slowing price growth in producer prices. After all, price inflation usually slows as the economy weakens and consumers run out of easy money.

The imposition of minimum wages harms the economy, although there are nuances in how much harm they cause. It is better not to impose minimum wages at all.

Mark Thornton discusses the history of record low unemployment rates and the business cycle.

Will the Fed be successful with its "Immaculate Disinflation"?

Forget minding your own business. Ours is the age of invasive politics, demanding we take sides no matter how much we would like to be left alone.

While President Joe Biden's White House continues to give happy talk about the economy, some major economic storm clouds are brewing. The future does not look good.

Ryan McMaken and Tho Bishop discuss Jay Powell's exercise in Fed-speak this week.

Government interference into money creation and production harms the economy in a number of ways, including skewing the organization of division of labor.

One of the modern progressive buzzwords is "stakeholder capitalism," in which people with no direct connection to a firm somehow have a "stake" in what the firm does. It is an incoherent term.