Finance

Interviews with Butcher, Baker, and Brewer: A New Look at Smith’s Most Famous Phrases

“Give us this day our daily bread.” Adam Smith was an indifferent Kirk of Scotland man, but he was well…

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Why Is Division Of Labor Important?

Smith starts An Inquiry into the Nature and Causes of The Treasure of Nations with the following claim: “The greatest…

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OBE: “Five Key Reasons Trump’s Economy Is Really About to Explode”

From EJ Antoni (first published two weeks ago): First, 2025 was a year of change in the economy. Under Democratic…

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Don’t Think About Mass Change, Either

During winter break, I returned to Massachusetts to visit family for the holidays. The conversation turned to the cost of…

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Federal Reserve Revenue: Cutsinger’s Solution

Question: The US Federal Reserve differs from most federal agencies in two important ways. First, the Federal Reserve determines its…

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Sam’s Links: February Edition – Econlib

Sam Enright works on innovation policy at Development Irelandan independent policy center in Dublin, and runs a book called The…

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Guest Contribution: “Understanding Bond-Stock Price Movements”

Today, we are fortunate to have Willem Thorbecke, Senior Fellow at Japan’s Research Institute of Economy, Trade and Industry (RIETI)…

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Why the “Less Aggregate Action” Argument for IEEPA Fees Fails

The Supreme Court yesterday struck down Trump’s IEEPA tariffs, saying the law’s authorization to “regulate…importation” does not include the power…

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Friedman on Immigration: Setting the Record Straight

Even people who are otherwise enthusiastic about a free labor market can get cold feet about immigration when redistribution comes…

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