The price that matters is how long you have to work to drive your car 100 miles

“Gas prices are the highest they’ve ever been!” screamed a recent headline in the Los Angeles Times. “Pain at the pump drives Biden’s suffering in the polls!” trumpeted Politico. Really? About time to remind folks that by historical standards, it’s still pretty cheap to drive your car.

How could that…

Afghanistan‘s new leadership has some tough choices to make if they want to avoid hyperinflation

One of the first places the Taliban went when they entered Kabul in August was the country’s central bank. There, they asked to “inspect” the bank’s billions of dollars in foreign exchange reserves. Apparently, they expected to find those reserves stacked in old oil drums in the basement, the way…

What we can learn from the (mostly overblown) fears of America’s fiscal hawks

Harvard-trained attorney Michael Ginsberg’s new novel, Debt Bomb (BQB Publishing, 2021) is a warning to America of a coming fiscal catastrophe, written in the style of an international espionage thriller. I make no claims to be a literary critic. Don’t think you’re about to read a conventional book review. …

Ed Dolan

Economist, Senior Fellow at Niskanen Center, Yale Ph.D. Interests include environment, health care policy, social safety net, economic freedom.

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