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The Federal Reserve's Sizeable Irrelevance Is the 'Inflation' Lesson

Abnormal for 20 years has been the Fed and its blind stabs at central planning. So wrong for so long, yet the U.S. economy continues to grow. Yes, the Fed is irrelevant.

Texas , United-states , Washington , Jerome-powell , Adam-smith , Washington-post , Heather-long , Fed-chairman-jerome-powell , Alexander-salter , Texas-tech , Norbert-michel

Here's How Manufacturers Are Leveraging AI

Only 19% have any plans for factory floor AI use at all Still, you should be studying how others in industry are already benefiting from this breakthrough technology, ...

Sweden , Switzerland , Manhattan , New-york , United-states , Swedish , Swiss , Alexander-salter , Peter-terwiesch , Andrew-halonen , Ankush-malhotra , Fluke-is-amatrium-inc

The Nerd Trying to Turn the GOP Populist

The Republican coalition has grown more working class in recent years, but its agenda has remained staunchly anti-labor. American Compass, a heterodox conservative think tank, is trying to change that.

Arizona , United-states , Saudi-arabia , Williams-college , Massachusetts , Pennsylvania , China , United-kingdom , North-carolina , Washington , Russell-senate-office-building , District-of-columbia

Private Property and the Common Good

Private Property and the Common Good
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After tragedy in East Palestine, a commonsense rail safety solution | News, Sports, Jobs

Orginally published May 10 by The Daily Signal Three months ago, a failing wheel bearing caught fire on a Norfolk Southern train transporting large volumes of hazardous materials. By the time sensors alerted engineers, it was too late to avert the catastrophe that was to come. When the wheel bearing disintegrated, dozens of train cars […]

United-states , Ohio , East-palestine , American , America , Alexander-salter , Steve-bradbury , Us-department-of-transportation , Railway-safety , Vance-railway-safety , Norfolk-southern , Heritage-foundation

Railway Safety Act Could Prevent Another East Palestine Tragedy

The Senate takes up the Railway Safety Act. Sen. JD Vance says it'll significantly improve safety standards governing America’s railroads.

Ohio , United-states , East-palestine , America , Alexander-salter , Railway-safety , Norfolk-southern , Heritage-foundation , Railway-safety-act , Hazard-flammable-trains , Wall-street-journal , Ast-palestine

Free Enterprise and the Common Good: Economic Science and Political–Economic Art as Complements

Alex Salter discusses his new paper for The Heritage Foundation that weighs the relationship between free markets and the common good and the framework it provides for thinking about economics, the human person, and community.

China , Germany , Texas , United-states , German , American , Americans , Jacques-maritain , Adrian-vermeule , Patrick-deneen , Alex-salter , Alexander-salter

Heritage Foundation Turns Away From Free Markets Towards New Right

The Heritage Foundation influenced the free-market policies of Ronald Reagan. Now it's just trying to stay relevant in the age of Trump and DeSantis.

China , United-states , White-house , District-of-columbia , Texas , Florida , Americans , American , Lee-edwards , Alexander-salter , Ronald-reagan , Rand-paul

Reducing Banks' Incentives for Risk-Taking Via Extended Shareholder Liability

It has long been understood that deposit guarantees and too-big-to-fail (TBTF) policies create a moral-hazard problem—they incentivize banks to take on too much risk by shielding depositors and shareholders from losses in excess of equity (“left-tail” outcomes)—in American banking.1 Congress passed the Federal Deposit Insurance Corporation Improvement Act (FDICIA) in 1991 to mitigate the moral-hazard problem by restricting forbearance and implicit subsidies for undercapitalized banks.

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Consumer confidence sags on outlook for economy, wages

CFO news

United-states , Texas , American , Len-batcha , Alexander-salter , American-institute-for-economic-research , National-association-for-business-economics , Texas-tech-university , Federal-reserve , Dive-brief , Conference-board , Consumer-confidence-index