How Did 108 Economists Predict Milei’s Results Exactly Wrong?
How Did 108 Economists Predict Milei’s Results Exactly Wrong?
In November 2023, the warning came, as clear as an omen. A political upstart was seeking office and, if elected, his policies were likely to cause “devastation” in his own country and “severely reduce policy space in the long run.” The threat was a chainsaw-wielding disciple of Austrian economics from Argentina who embraced laissez-faire economics....
By Jon Miltimore
How Bureaucracy Fueled the Los Angeles Wildfires
How Bureaucracy Fueled the Los Angeles Wildfires
Eight years ago, American film producer Barry Josephson moved into a hilltop home in Pacific Palisades, the affluent Los Angeles neighborhood nestled between the Pacific Ocean and the Santa Monica Mountains. Josephson, whose film credits include Enchanted (2007) and Aliens in the Attic (2009), loved his home. But one issue was a source of chronic...
By Jon Miltimore
Why the Great Depression Lasted So Long: Amity Shlaes on Economic Policy Blunders
Why the Great Depression Lasted So Long: Amity Shlaes on Economic Policy Blunders
In 1940, Victor Records released the Dust Bowl Ballads, an album of songs written and performed by American folk singer Woody Guthrie. In two volumes and a dozen songs, the folk legend sang about the droughts that plagued North America in waves beginning in 1934 and ending in 1940. On the 14th day of April...
By Jon Miltimore
How Vox Changed Its Mind About Volunteering
How Vox Changed Its Mind About Volunteering
Last fall a reader reached out to journalist Rachel Cohen and confessed that she didn’t know what she could do to fight homelessness. “I often feel helpless to enact change,” the reader wrote to Cohen, a policy correspondent who covers social policy for Vox. Cohen had written about homelessness for years, and she knew organizations...
By Jon Miltimore
‘Am I a Racist?’ Packs a Potent Political Punch: Ridicule
‘Am I a Racist?’ Packs a Potent Political Punch: Ridicule
In his popular 1971 book Rules for Radicals, Saul D. Alinsky identified ridicule as the most potent of all political weapons. “There is no defense. It is almost impossible to counterattack ridicule,” said Alinsky, a Chicago-based community organizer and activist. Ridicule is the recipe for Matt Walsh’s new documentary Am I a Racist?, a film...
By Jon Miltimore
Why Corporate America Is Finally Retreating From Social Activism
Why Corporate America Is Finally Retreating From Social Activism
In January, Axios reported a developing trend in corporate America: corporations across the United States were backing away from DEI, which had become a “minefield” for companies. Following a multi-year boom in the Diversity, Equity, and Inclusion space following the 2020 death of George Floyd, corporations were pulling back on DEI initiatives. The risks were...
By Jon Miltimore
Why Are Fast Food Prices So High?
Why Are Fast Food Prices So High?
I recently drove to the local KFC and ordered a 12-piece meal to go. The price was just under $50 (tax included). Fortunately, I had a coupon that saved me some money, but I’d be lying if I said I didn’t feel some sticker shock. Inflation has of course been a major issue in recent...
By Jon Miltimore
Why the ‘Green Economy’ Is Suddenly in Retreat — in EU, US, and on Wall Street
Why the ‘Green Economy’ Is Suddenly in Retreat — in EU, US, and on Wall Street
In February, a stream of tractors driven by Italian farmers arrived at the outskirts of Rome, horns blaring. The scene, which was captured by the Agence France-Presse, was just one of dozens of protests across Europe against EU regulations that farmers said threatened to put them out of work. “They’re drowning us with all these...
By Jon Miltimore
How Inflation Leads to Moral Decay
How Inflation Leads to Moral Decay
Across the world, people are struggling under the specter of inflation. In Venezuela, the inflation rate is 360 percent. In Argentina, it’s 160 percent. In Turkey, inflation is about 50 percent, about 10 percent higher than its neighbor Iran. In Europe, inflation of the euro has finally cooled to about 3 percent, down from more...
By Jon Miltimore
A Marxist Economist Explains Why Socialism Could Never Create a PS5
A Marxist Economist Explains Why Socialism Could Never Create a PS5
My family got a PlayStation 5 a few years ago. It’s a decision I sometimes regret because my youngest son, who is 7, likes to play it too much. (And that’s when it gets unplugged and stashed away.) But it’s easy to forget what a modern marvel the PS5 is. When I started playing video...
By Jon Miltimore
The Federal Phase-Out of Gasoline Cars Has Begun
The Federal Phase-Out of Gasoline Cars Has Begun
The Biden administration recently rolled out new emissions regulations that the New York Times said will “transform the American automobile market.” In what the paper called “one of the most significant climate regulations in the nation’s history,” the Environmental Protection Agency (EPA) is mandating that a majority of new passenger vehicles sold in America be...
By Jon Miltimore
Rand Paul Exposes the ‘Great Covid Cover-up’
Rand Paul Exposes the ‘Great Covid Cover-up’
In an explosive new op-ed, Sen. Rand Paul (R-KY) claimed that at least 15 separate federal agencies knew that attempts to create a COVID-19-like coronavirus were being undertaken at the Wuhan Institute of Virology as early as January 2018. Yet, heads of these agencies did not reveal this information to the public; for years, they...
By Jon Miltimore
Why Julian Assange Must Be Freed
Why Julian Assange Must Be Freed
John Joseph Mearsheimer recently summed up in a single sentence why Julian Assange should go free. “Journalists don’t go to jail for publishing classified information in the United States,” Mr. Mearsheimer, a political scientist at the University of Chicago, said in a recent video. There has been endless ink spilled on Mr. Assange, whose lawyers...
By Jon Miltimore
‘Laissez-Faire’ Sweden Had the Lowest Mortality in Europe From 2020–2022, New Analysis Shows
‘Laissez-Faire’ Sweden Had the Lowest Mortality in Europe From 2020–2022, New Analysis Shows
Gore Vidal once said “I told you so” are the four most beautiful words in the English language. Perhaps this is why it’s difficult to resist sharing new data that show how Sweden’s much-maligned pandemic response was right after all. For those who’ve forgotten, Sweden was excoriated by corporate media and US politicians for its...
By Jon Miltimore