News
The High Price of Biden’s SPR Follies
8+ hour, 59+ min ago (271+ words) We are not big fans of having a strategic petroleum reserve." Private markets can and should stockpile reserves." But since we have one, Trump is right to draw down the SPR now at a world price of $80 to $100 a barrel....
Who Wants to Get Rid of All the Billionaires?
3+ day, 8+ hour ago (80+ words) California, once the home of the billionaire class, does. The six tax refugees have ALREADY reduced the wealth of the state by one-half trillion. By leaving, they've avoided $27 billion of wealth tax assessments. But because these billionaires won't pay any…...
Economics In One Sentence
3+ day, 8+ hour ago (24+ words) Economics In One Sentence'Unleash Prosperity Our Quote of the Day helps us celebrate this week's 250th anniversary of Adam Smith'sWealth of Nations:...
The Declaration of Economic Independence
1+ week, 8+ hour ago (219+ words) Today is the 250th anniversary of the most influential economics book in world history: Adam Smith's:The Wealth of Nations, published March 9, 1776. It is an amazing coincidence of history that the two greatest documents extolling the virtues of liberty, the Declaration…...
Will Federal Regulators Make Cutting Prices Illegal?
1+ week, 3+ day ago (252+ words) You may laugh when you read that headline, but this is a serious danger. Here's why: In Biden's final months in office, the regulation queen Lina Khan, who headed the FTC, teamed up with trial lawyers and dusted off a…...
On the Economy – Republicans Are on Venus and Democrats Are on Mars
1+ mon, 6+ day ago (202+ words) We've been saying for months that the reality of the real economy has sprinted past perceptions. We've also made the point that Trump could launch a rocket ship economy and half of voters (the hate Trumpers) would be grousing. The…...
Stop the Presses: Congress Discovers the Laffer Curve
1+ mon, 2+ week ago (208+ words) Our friend and economic compatriot, Dan Mitchell, called our attention to a new study by the revenue-estimators at the Joint Tax Committee, who after all these years now admit that, yes, Virginia, there is a Laffer Curve. This is the…...
Blinders On
1+ mon, 2+ week ago (184+ words) We've shown conclusively that most all the economists' predictions last year of slow growth and doom and gloom could hardly have been more erroneous. But economist Alan Blinder, who writes a weekly column for the Wall Street Journal, can't even…...
Speaking of a Place That Desperately Needs More Capitalism…
1+ mon, 3+ week ago (230+ words) Most media coverage of Zohran Mamdani, New York City's new mayor, has focused on his socialist agenda to raise taxes on high earners and corporations. Many millionaires are already plotting escape routes out of the city. But it turns out…...
Is He Gone Yet?
2+ mon, 2+ week ago (175+ words) We've generally defended Fed Chief Jerome Powell when Trump has wanted to fire him. So now it's time for us at the HOTLINE to do something we hate doing: admit we were wrong. Sure, the Fed must be politically independent....