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For proof that we are in the midst of extraordinarily prosperous times, the fact that stocks are closing higher on Wall Street is just one example. (AP Photo/Richard Drew)
Economy

Rep. Andy Biggs: It’s a prosperous new year, even if the media haven’t told you

Rep. Andy Biggs -
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Article I of the Constitution gives Congress the power to coin money and regulate its value. But most members of Congress aren't even aware of the idea that blockchain technology could threaten the institution's control of money.
Economy

Will the government start regulating bitcoin?

Joseph Lawler -
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Only 1 in 6 Americans polled last month thought they would see a tax cut from the tax reform bill signed by President Trump in December, while twice as many expected a tax increase. But such perceptions are incorrect. So, why do they persist? (AP Photo/Carolyn Kaster)
Columnists

What if Republicans cut middle class taxes and nobody knew?

Timothy P. Carney -
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Ben Bernanke, former chairman of the U.S. Federal Reserve, suggested that Trump Fed chairman nominee Jerome Powell is likely to formally begin re-examining the Fed's target this year and that there
Economy

Ben Bernanke predicts Fed will discuss changing inflation target in 2019

Joseph Lawler -
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A least a few members of the Federal Reserve system said at the December monetary policy meeting that they were interested in studying alternatives to the Fed's current regime. (iStock)
Economy

Fed members seek historic shift in money supply

Joseph Lawler -
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Nicolas Maduro announced that he is increasing Venezuela's minimum wage by 40%. But seeing as Venezuela's inflation rate already increased by at least 1,000% last year, Maduro's gambit is only likely to increase the already-catastrophic suffering of his people.
Beltway Confidential

Venezuela’s Nicolas Maduro has completely lost his mind

Tom Rogan -
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Implementing the tax overhaul will prove a major task for President Trump's Treasury Secretary Steven Mnuchin. (AP Photo/Pablo Martinez Monsivais)
Economy

The economy is running strong and could get stronger

Joseph Lawler -
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Federal Reserve Chairwoman Janet Yellen and other top officials are betting that the economy will improve in the months ahead, requiring tighter money to keep inflation stable, even though actual inflation trended down during the year. (AP Photo/Pablo Martinez Monsivais, File)
Economy

Fed goes through with third interest rate hike of the year

Joseph Lawler -
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The Federal Reserve's account of the Oct. 31 and Nov. 1 meeting published Wednesday afternoon revealed that many of the officials at the central bank expect to raise the target interest rate
Economy

Fed headed for December interest rate hike but split over low inflation

Joseph Lawler -
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Forecasters had expected inflation to pick up thanks to Hurricanes Harvey, Irma, and Maria pushing up gasoline prices. (AP Photo/David Goldman)
Economy

Inflation rises to 2.2 percent in September, as hurricanes push up gas prices

Joseph Lawler -
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