Apparently, Ireland's government has not learned any lessons from rent control disasters elsewhere. Thus, the Irish will have to learn this hard lesson and face the consequences of their economic folly.
Since his return to office, President Trump has waged something of a pressure campaign on economic data and the people in charge of delivering it. His firing of the Bureau of Labor Statistics commissioner following a weak jobs report now has some wondering: can we still trust the official numbers? Today on the show, we're resharing our conversation with former BLS commissioner, Erica Groshen on her current fears for the integrity of government data. The original version of this story aired March 7, 2025.
A yacht—like any good exchanged on the free market—represents countless value-maximizing exchanges and represents an industry that employs thousands of people to provide goods and services to others.
Understanding any era of history requires the ability to view complex things. However, people often employ simple narratives as their historical guides, which leads to wrong conclusions. The pre-war history of the American South is one that is much more complex than the narratives imply.
What use is the Fed's supposed devotion to being "data-driven" when the data itself is unreliable and the Fed is basing its policies on data that is thoroughly wrong?
Thanks for modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived.
On Friday, we reported on the latest jobs numbers from the Bureau of Labor Statistics, which showed weaker than expected growth. On Friday afternoon, President Trump fired the person in charge of those numbers.
The monthly jobs report is a critical tool for the economy, used by businesses to make decisions and the Federal Reserve to set rates. So how exactly are those figures collected? Today, we're re-airing our behind-the-scenes look at how the BLS puts together the jobs report ... one call at a time.
In an attempt to compete with the Soviet Union by bringing future elite political leaders from Africa to study in US universities, Sen. John Kennedy and the CIA inadvertently spread Marxism here and abroad. One product of this program was bringing Mamdani's Marxist father to the US.
Oklahoma City will be building a new arena for the 2025 NBA Champions Thunder. Not surprisingly, the taxpayers will be the ones carrying most of the financial burden.