What happened to America’s elites? During the COVID-19 pandemic they have unleashed a torrent of authoritative pronouncements about the crisis that have too often proven to be incomplete or totally inaccurate. Victor Davis Hanson argues that the increasing specialization of intellectuals — along with a declining sense of humility — is making the expert class less and less reliable.
Articles
Interest-paying electronic money, completely safe without deposit insurance, would be a great thing. For example, Silicon Valley Bank would never have had huge uninsured deposits that ran if there had been an easy safe place for large depositors to put their money.
September 22, 2026
Videos
Chicago Fed President Austan Goolsbee sits down with Steve for a conversation about how central banks should respond to supply shocks. Steve also asks Austan for the inside story on what happens at FOMC meetings.
September 23, 2026
Articles
Many people have appropriately criticized President Trump’s promise to give $5,000 to every American adult if the voters elect enough Senators and House members to keep Republican control of each chamber.
September 18, 2026
