John H. Cochrane: “You cannot have spending increase at 6 percent a year while the economy is growing at 2 and 3 percent a year.”

Proposals that the Federal Reserve enforce a mandate that financial institutions evaluate climate 'risks' represent a blatant effort to distort the allocation of capital away from economic sectors disfavored by certain political interest…

If it leads to a debt crisis where suddenly interest rates spike, the U.S. needs to borrow, and bond markets say 'no,' it looks a lot like Greece.

A central bank in a democracy is not an all-purpose do-good agency to subsidize what it decides to be worthy.

Winston Churchill once said, Americans can be trusted to do the right thing after we have tried everything else.