The FDA’s influence in the prescription drug market remains the largest obstacle to deregulation.

President Donald Trump is quick to take credit for positive economic performance. The state of the economy has improved since he took office, with annual real GDP growth edging above 3 percent in…

Since the crisis in 2008, there has been much concern about the U.S. national debt. In March 2018, economists Michael J. Boskin, John H. Cochrane, John F. Cogan, George P. Shultz, and John B. Taylor,…

Stringent regulations on the e-cigarette market to come.

The equation of exchange tells us that the value of money expenditures must equal the value of goods purchased with these expenditures. More specifically, it tells us that the quantity of money in…

Right-to-try will never reach its potential without deregulation.

Last week, North Dakotans voted on a constitutional ballot measure (Measure 3) to legalize using, growing, and selling marijuana recreationally. It was soundly defeated.

There are a variety of…

Blockchain technology is responsible for massive technological advancements in nearly every industry, yet the question on everyone’s mind remains: What is it?

Blockchain is a distributed accounting…

Recent events indicate an urgent need for researchers and policymakers to relearn the basics.

The Federal Reserve’s policy of paying interest on excess reserves (IOER) prevents the monetary base from circulating more broadly. Currently, about half of the base money stock is effectively…