When the Adderall-addled Sam Bankman-Fried (SBF) lost control of his crypto-trading platform after defrauding users, many had their priors confirmed. Crypto bad! they cried. This, of course, is rather like…
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Economy
Sales of light vehicles totaled 14.1 million at an annual rate in November, down from a 15.1 million pace in October. The November result was a 6.5 percent decrease from…
Last month, something old became new again. What’s new is that the world population crossed the eight-billion mark for the first time. What’s old is that, for more than two…
First published by The Hill Recent weeks have witnessed another disaster for the cryptocurrency industry. FTX, one of the largest crypto exchanges, failed. The price of bitcoin, the largest cryptocurrency, fell by more than…
Economy
Real Progressives Would Support Bitcoin and the Crypto Economy, Not Regulate It Away
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When political progressives address topics like inflation, taxes, or corporate wrongdoing, they claim to speak for the people. Whether it’s the working class or minorities, progressives aim to shape government…
“Milton Friedman’s shareholder doctrine is dead.” Such was the headline of a 2020 Fortune magazine article critiquing Friedman’s famous New York Times opinion piece which, fifty years earlier, had argued that the social responsibility of business is…
On Nov. 17, US District Judge Mark Walker struck down Florida Governor Ron DeSantis’ signature Stop WOKE Act, which bars Florida’s higher education institutions from teaching critical race theory (CRT),…
Economy
American Health Care Consumers Should Have Access to Drugs and Devices Benefitting People in Developed Countries
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Reprinted from the Cato Institute Swiss Medtech, a trade association representing the medical technology industry, issued a press release on November 28 praising the Swiss Parliament for enacting legislation allowing Swiss health care…
Total nonfarm payrolls posted a 263,000 gain in November versus a 284,000 rise in October (revised up by 23,000), while September had an increase of 269,000 (revised down by 46,000).…
The US Drug Enforcement Agency (DEA) is a colossal institutional failure. Since its founding in 1973, the DEA has intercepted a fraction of one percent of illicit drug trades. Drugs…