The development of cryptocurrencies has provided new, highly liquid substitutes for dollars and other national currencies. I expect that this will radically transform — and help stabilize — banking.…

When we think of the state of North Dakota, we seldom imagine it as a modern-day Orwellian nanny-state, dripping with paternalistic policies created “in our best interest”. But just how paternalist is…

Macroeconomists typically have an aversion against deflation. The belief is that deflation is associated with economic downturn. It is to be avoided at all costs. As the gold standard tended to be…

Congress recently passed the Tax Cuts and Jobs Act, which temporarily lowers individual income taxes and permanently cuts corporate income taxes. This move has been celebrated by the business…

Earlier this month, minimum wage hikes took effect in 18 states. Thankfully, North Dakota wasn’t one of them.

Proponents of minimum wage increases argue that these policies help support low-income…