1990—Dissenting in Osborne v. Ohio, Justices Brennan, Marshall, and Stevens opine that possession of child pornography is protected by the First Amendment. Though unmoored...
America’s ad hoc financial system is full of unintended consequences, such as the Fed’s increasing liquidity by $1 trillion while trying to quell inflation.
People have watched the Biden administration employ a wide array of aggressive regulatory policies that increasingly restrict American companies and constrain economic growth. And although the competition is stiff, it would be hard to find a more hostile regulatory barrage than what has been coming out of my old institution, the Federal Communications Commission. Under […]
Last weekend, Iran launched hundreds of drones and missiles against Israel. This direct military strike from Iran against Israel is unprecedented. Israel will respond, but how and when are unknowns. To date, market action is remarkably sanguine, given the heightened military and economic risks flowing from the attack. U.S. equities have traded modestly lower, not […]
Predictably, the inclusion of China in the Bretton Woods institutions has only frustrated these institutions' purpose. It is time to recognize this reality and ostracize China rather than keep trying in vain to co-opt it.