Jeffrey A. Singer On September 12, a Food and Drug Administration advisory panel reported that oral phenylephrine hydrochloride, an ingredient in many popular over‐the‐counter decongestants people purchase to treat common cold symptoms, does not reduce nasal congestion. Phenylephrine, a drug that causes small blood vessels to constrict, is an
Every day, Americans feel the political capture of the economy. Inflation, taxes, and regulatory costs hit our paychecks and savings. The regulatory capture of medical industries; food and energy production; and the various instruments of Big Tech empowers the regime with new tools to promote their latest
While Graham Priest seems to have "rescued" Marxism from the labor theory of value, he cannot rescue Marxism itself. Original Article: "Saving Marxism from the Labor Theory of Value: It Is Still Bad Theory"
Hollywood has captivated our collective imagination for over a century. We tend to view it as something other than an industry subject to the same immutable laws of economics like cars, coffee, lumber and everything else. The current strike by Hollywood writers and actors in
Chris Edwards and Krit Chanwong Congress is scheduled to reauthorize farm programs this fall, which provides an opportunity to cut spending and reduce budget deficits. This Cato study discusses reasons to cut cash payments to crop farmers, but there are other dubious farm programs in addition
In the global Ponzi scheme, thin air and deceit substitute for sound money. As hedge-fund manager Mitch Feierstein wrote in Planet Ponzi, “You don’t solve a Ponzi scheme; you end it.” Original Article: "The Coming Collapse of the Global Ponzi Scheme"
On August 16, 2023, the Federal Reserve expressed concern about the pace of inflation, saying future rate hikes could be necessary if conditions do not change. Currently, the federal funds target rate is between 5.25 and 5.50 percent, the highest level in more than twenty-two
In a more reasonable world, people like Cheney, Rice, Bolton, et al., would all be forgotten, shamed, and disgraced for overseeing multiple disastrous wars abroad and the creation of a police state at home. Unfortunately, we don't live in a more reasonable world. Original Article: "America Since 9/11: 22
Scott Lincicome Today we’re launching a new multi‐year, multimedia Cato project — Defending Globalization. The last few years have witnessed renewed criticism from the left and the right — in the United States and abroad — on the relatively free movement of things, people, capital, and ideas
On Friday, September 8, Michelle Lujan Grisham, the governor of New Mexico, announced a new public health order suspending the right to carry firearms in Albuquerque and Bernalillo County for at least thirty days. The New Mexico governor announced the thirty-day suspension at a press conference.