Shrinking the fed’s balance sheet won’t curb inflation—and could expand the Fed’s reach
The push to shrink the Federal Reserve’s balance sheet assumes that reducing reserves tightens monetary policy. In today’s operating regime, that assumption no longer holds. Before 2008, the Federal Reserve managed a scarce-reserve system. Bank…
Is Social Security Secure for Middle- and Higher-Income Americans?
Social Security has been a cornerstone of American retirement planning since 1935, yet concerns about its long-term solvency have intensified. In recent years, an increasing number of middle- and higher-income Americans have chosen to claim…
When Climate Models Become Tax Policy: Modeling Bias and Manufactured Certainty
Climate models have become the backbone of modern climate policy—embedded in regulations, ESG mandates, and fiscal planning. Because CO₂ is universal and measurable, it makes the perfect base for taxation: link emissions to catastrophe through…
Russia invaded Ukraine out of deep-seated envy of Ukraine’s success and a need to reestablish Russian Orthodoxy—it was not over land, energy, or NATO
Russia did not invade Ukraine for energy, opposition to NATO membership, or control of the Black Sea. It invaded because Ukraine was doing too well for Russia’s own good—the Prigozhin affair will only strengthen Russian…