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John R. PuriNational Review |
The words of Federal Reserve Chair Kevin Warsh are consistently more impressive than his actions on monetary policy. But during his speech in Jackson...
Amid the AI build-out, the country is experiencing a historic surge in the cost of memory and other computer chips. This demand shock has forced...
The government released new data for the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index,...
Over the weekend, many Republican lawmakers found the one issue on which they could break with President Trump: beef taxes. Trump announced on Friday...
In a previous post, I outlined the causes of our existing national debt, which now stands at $40 trillion. Here, we will look into the not-so-bright...
In a post yesterday, I noted that recession responses contributed mightily to our now $40 trillion national debt. These included the stimulus packages...
This week marks an ignoble milestone: America’s national debt is crossing $40 trillion for the first time, months earlier than was forecast....
Among even proponents of generally free trade, a consensus has emerged that targeted U.S. tariffs on Chinese goods — initiated by the first Trump...
There is a stark disconnect between what the economic figures show on improving living standards and what most Americans feel. On paper, wages and...
The prevailing narrative is that Kevin Warsh and the rest of the Federal Reserve's governing committee caught a break on the most recent...
Jim quotes President Trump, who claims that the depleted munitions stockpiles in the news are because of past transfers to Ukraine: By the way, they...
Ramesh responds to my case for restoring the filibuster to its traditional rules: Whether we should have a filibuster, and if so whether we should...
Ramesh Ponnuru has a great column in the Washington Post about why the Senate should not eliminate the filibuster as a political check on shallow and...
Despite what RFK Jr. says, mRNA-based vaccines have the potential to be groundbreaking. It came as a pleasant surprise this morning to see that one...
On the burgeoning burrito discourse, Jim Geraghty asks, "Why is food more expensive?" since the pandemic. A wide variety of reasons. Eggs...
The Government Accountability Office (which is within the legislative branch, not the executive, thank goodness) has a solid report out today,...
I will try to get through this calmly. Thomas Kean Jr. is a Republican congressman running for reelection in a highly affluent New Jersey...
Enough time has passed for a conclusion: Iran controls the Strait of Hormuz, and there is essentially nothing we can do about it. No new deal, no...
Government regulations often impose different costs under different conditions, thereby altering firms’ behavior by changing which activities are...
Many of the responses to the editors' and my assessment that monetary policy remains too loose are based on the notion that inflation would not...
The Federal Reserve voted yesterday (wrongly, in my view) to keep interest rates where they are, despite persistent inflation above the Fed’s...
When slapping new tariffs of 50 percent on Canadian goods, the Trump administration offered the pretext that Canada imposes its own protectionist...
My new state makes a good first impression. From the southern border shared with North Carolina up through the center, it's exactly as you would...
I’m not exactly sure why, but the sense I get from North Carolina is sturdiness. This state just feels solid. Built to last. Nicely settled. This is...
The Palmetto State is not naturally hospitable in July. Its drenching goulash of heat and humidity makes you feel like you're walking through a...
Savannah, Ga., is not the oldest city in America, but it sure wants you to think it is. The downtown has been painstakingly preserved and restored —...
I asked around, and people here do love the governor! But seriously, though. The name has fallen out of fashion, but Birmingham, Ala., was once dubbed...
Talk about an old city turned young. Nashville was founded on Christmas Eve in 1779, located in the western frontier of the North Carolina territory...
When Chuck Berry sang about his hometown in 1959, St. Louis was coming off its peak. The 1950 census put the city's population at more than...
When I was a child, I had moderately bad OCD. Not so much an aversion to germs or a set of superstitious rituals, but a painful anxiety related to...
The president wants beef prices to fall to relieve consumers, except when he wants them to rise to aid cattle ranchers. He is learning through...
In the post announcing my grand, cross-country American adventure at 250, I wrote that, after emerging from the Rocky Mountains, I would be...
Our editorial today asks, "If the Fed is not executive, what is it?" Principally, it is a system composed of twelve chartered corporations,...
A name change for the Rockies may be in order. If you're looking for rocks, stay in Utah. That state has all the rocks you will need in many...
To drive from Capitol Reef to eastern Utah, you need to first go through the Fremont River Canyon. We thought the sky overhead was darkened by the...
We woke up in Torrey, Utah, in a haze. Apparently, some numbnut in Southwest Utah started a wildfire whose smoke is currently enveloping the Rocky...
Driving into northern Utah, you notice something different almost immediately. The rural, hilly landscape isn't much different from Idaho's...
Looks like I wasn't finished with Idaho just yet. Our host in Sun Valley told us that, rather than get back on the main highway, we should take...
The road from Northern Oregon into the heart of Idaho is uneventful, though that may be part of its charm. At a certain point, we left Highway 84 for...
I miss Oregon already. Technically, I'm still here, having lodged in the eastern part of the state for the night. But the best sights (as well as...
Why did no one ever tell me about Oregon?! Well, I suppose they did. "Oregon is beautiful," I have heard here and there. But it was whispers...
The people of Mendocino, Calif., need you to know what they believe. Before setting off for the day, we stopped for lunch at the lovely Mendocino...
Californians are so damn lucky. No other state in America could afford to mismanage itself so badly and still come out as one of the greatest, most...
It’s difficult to find a more American guy than me. No, I have never fired a gun (though I support your right to do so), and I don’t drive a Ford...
The Wall Street Journal reported that the White House was planning to temporarily reduce tariffs on beef imports to bring down prices for consumers....
Conservatives warned last year when the government took a 10 percent stake in Intel that the Trump administration — free of any free-market...
The federal student-loan program looks more than ever like a handout, not a genuine extension of credit that is expected to be repaid. Allysia Finley...
Charlie Cooke argued yesterday that there is no rational reason to oppose the construction of data centers, which make this website and all others...
Kevin Warsh sat in the firing line today for his confirmation hearing for chairman of the Federal Reserve. There were no surprises — Warsh is a...
It kind of seems like Iran still controls the Strait of Hormuz. The “completely open” state of the strait lasted about a day. From Politico:...
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