It is important to loosen liquidity rules that push banks to stockpile safe assets. But banks won’t shed their reserves while the Fed keeps paying them risk-free interest. --- Jai Kedia Improving bank liquidity rules is a focus for some of Washington’s [...]

Tom Woods recently had James Taylor, president of the Heartland Institute, on his podcast. The gist of the conversation is the good news that the data keeps coming in that there is no climate “crisis” (see The Existential Crisis [...]

America has a deadly addiction to war. Since 1950, presidents of both political parties have sent American troops into conflicts across the globe, killed countless people, sacrificed the lives and limbs of American servicemen and women, and wasted trillions [...]

Senator Rand Paul Warns More Government Spending Could Mean ‘Higher Taxes, Less Opportunity, and Economic Decline’ --- Sen. Rand Paul (R-Ky.) warned that more government spending could worsen America’s cost-of-living crisis, arguing that families need lower taxes, free markets and limited [...]