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If Only FTX Could Use the Fed’s Accounting
What happens to businesses when liabilities exceed assets? They go bankrupt, with the spectacular failure of FTX being front-and-center. However,...
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Who Owns the Gold?
With people calling for an audit of the US gold stores at Fort Knox, perhaps we should remember how that...
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Federal Spending in 2025 Is on Track to be the Highest Ever
For the first five months of the 2025 fiscal year, federal spending is coming in at the highest level ever....
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Warren Buffett Gets It Wrong
Warren Buffett is well-known for his investment acumen, and he often makes public statements in favor of capitalism. But his...
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First They Came for the Op-Ed Writers
The Trump administration continues its assault on the First Amendment and the rights of dissenters. The latest casualty is a...
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Do Inflationary Expectations Cause General Increases in Prices?
Economists like to claim that expectations of more inflation lead to, well, more inflation. Such beliefs ignore the fact that...
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Britain—Like France and Spain—Is Poorer than Mississippi
Is Britain poorer than Mississippi? Taking into account welfare benefits and taxes, the answer appears to be yes, and it's...
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How to End Drug Violence
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Even the Inventor of GDP Statistics Knew Government Spending Was Dubious
Patrick Newman joins Bob to discuss Simon Kuznets’ role in developing GNP and GDP metrics and Kuznets’ concerns over how...
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