Stablecoins: Crypto Kryptonite
Despite being called a currency, crypto lacks one of the most important characteristics that a currency (money) should have—a stable value.
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A Country of Mini-Millionaires?
The Wall Street Journal’s rosy take on the latest Federal Reserve wealth report.
How to Ignore Childhood Poverty Without Having to Say You’re Sorry
The WSJ editors misread the latest Census Bureau report.
Two "Bad" Tax Ideas Are Better Than One
Why we need to tax stock buybacks and close the carried interest loophole.
Inflation Is Surging: Round Up the Usual Scapegoats
Inflation in the U.S. economy has reached levels not seen for four decades. The June 2022 inflation rate was