Forty years ago, Harvard, America’s oldest university, was often ranked the best in the world. Unfortunately, it has been destroying itself at an accelerating pace, with little chance of returning to its former glory. More on this below. Do a thought experiment. If no...

To preserve your wealth, should you invest in stocks, bonds, other financial instruments, gold and silver, real estate, collectibles, or commodities? Yes, all of them, but in what proportion? Two years ago, many economists were forecasting a recession for last year,...

An Englishman, a Welshman and a Pakistani arrive at a London hospital to pick up their newborns. The doctor comes out and says, “I am terribly sorry, but the paperwork was mixed up, and we do not know which baby belongs to which father, so each of you must choose a...

THOSE WHO SEE THE CRISIS COMING WILL USE GOVERNMENT TO SHIFT THEIR RISK TO OTHERS There will be a financial meltdown because the present course is unsustainable. As Herb Stein, former chairman of the president’s Council of Economic Advisers, told us half a century...

HUNDREDS OF BILLIONS IN ‘IMPROPER PAYMENTS’ MADE BY FEDERAL GOVERNMENT The Government Accountability Office just announced that the government made $236 billion in “improper payments” in 2023 and more than $2.4 trillion in improper payments since 2003 — or about...

It has become acceptable, if not entirely fashionable, for major institutions — such as universities, churches and governments — to not only tolerate but to encourage discrimination based on skin color, ethnicity, religion. It is a long way from a colorblind society...

WORLD'S 1999 AGREEMENTS COLLAPSE It was the best of times. It was 1999. The U.S. and world economies were booming, and the U.S., for the first time in decades, was running a budget surplus. The European Union was succeeding better than expected, and the common...

ACADEMIA APPROACHES END OF THE LIFE CYCLE Who would have thought that what many regarded as the world’s premier educational institution — Harvard — would end up having the worst rating among major universities for free speech? And have as a president a mediocre...

DISPARATE TREATMENT OF AGNEW, BIDEN BRIBERY ALLEGATIONS IS PRIME EXAMPLE From the time of the Enlightenment, there has been the widespread belief in equal treatment under the law. That pillar of Western civilization is now under attack, as shown by the shameless and...

THE DEMOGRAPHIC CRISIS IN RUSSIA AND UKRAINE Demographers and economists have long known that one indication of the economic and social health of a country or region is whether the population is growing or declining. Russia has been slowly losing population since...

Many Americans are in a sour mood when it comes to the economy, yet the Biden administration argues that things have never been better — with something close to full employment and the rate of inflation coming down. Why the disconnect? Are we returning to a world of...

As we sit down to enjoy Thanksgiving today, it is worth noting that it has been 234 years since George Washington first proclaimed it a national holiday to give thanks for our bounty and liberty. In part, the U.S. has prospered because our forefathers had the ability...

Many people, including virtually all Republicans, properly view President Ronald Reagan as a great success. The economy grew rapidly at an average rate of well over 4% for the last seven years of his presidency, with many millions of new high-paying jobs being...

The good news was that the gross domestic product report came in higher than expected at 4.9% for the third quarter. The bad news was that too much of the GDP growth came from government spending. The old joke: Economists, to prove they have a sense of humor, provide...

WHAT HAPPENS WHEN AMERICANS STOP PLAYING BY THE RULES “If, as it appears, the election will come down to Trump vs. Biden, the U.S. is headed for a constitutional crisis and the social and political chaos that implies. Like prisoners of the economists’ dilemma, there...

A DOOMSDAY GUIDE Each morning, we wake up and turn on the news, thinking things cannot get worse — but they do. From the beginning of the COVID-19 pandemic, most things have gone downhill. So how do you protect your family when previously low-probability events such...

IS AMERICA DESTINED TO STAGNATE AND COLLAPSE LIKE THE SOVIET UNION? Do all jobs have the same value? More people working should lead to higher real incomes, except when the jobs are destroying wealth. Wages have been rising, but prices are rising even faster. So the...

BIG-SPENDER STATES OFFER FEWER BENEFITS THAN THEIR MORE PRUDENT PEERS There are unpredictable disasters, like earthquakes, and predictable disasters, like deaths caused by a war. And there are predictable disasters, like a surge in crime stemming from abolishing bail,...