The Martin Hutchinson Place
Javier Milei, a libertarian economist favored to win next month’s Argentine election, was interviewed by Tucker Carlson last week. After proclaiming his adherence to Milton Friedman and Friedrich von Hayek, Milei announced that there should be no public sector layoffs initially, instead allowing the economy to recover before laid-off bureaucrats had to seek work. Bad […]
The current U.S. and British education systems are increasingly dysfunctional. Far too high a percentage of the population has been bullied into attending college, with very little benefit in most cases and with costs that have escalated several times faster than inflation or even incomes. The faculty and administration of top colleges are increasingly isolated […]
President Trump has proposed a universal 10% tariff on U.S. imports and has been met by universal derision among professional economists. Not so fast! High tariffs were a feature of Republican governance before the Great Depression. While they operated on a “beggar my neighbor” basis against the British steel industry, for example, they have retained […]
At the end of 2019, the Standard and Poor’s 500 index of U.S. share prices stood at 3221.29. Since then, the United States has been subjected to a devastating epidemic, has wasted trillions of dollars in response to that epidemic, driving its debt to GDP ratio up to 108%, has suffered debilitating inflation that has […]