Politicians were prevented from spending a lot of money.

Why did Donald Trump win on Tuesday? There are lots of theories, but I think this chart played a big role. It shows how the Federal Reserve dramatically expanded its balance sheet in 2020 and 2021. In other words, the Fed created a bunch of new money. And as Milton Friedman taught us many years ago, that’s a recipe […]

What happened in the five most important ballot initiatives of 2024.

The potential policy implications of yesterday’s elections.

America has a major fiscal problem!

These initiatives often provide clear-cut choices between more freedom and more statism.

This article appeared in The Telegraph.

More government spending does not produce better educational outcomes.

A preposterous claim about the needs of developing nations.