Author: nick

Federal Reserve chairman says Fed isn’t done fighting inflation

Politics & Policy

[ad_1] What will the new Fed chairman do? “Fed governor Christopher Waller said Monday that while inflation could still drift back toward 2% without further tightening, ‘there is still a credible’ chance that upcoming data shows inflation remains elevated or accelerates again,” reports Axios. New Federal Reserve Chairman Kevin Warsh testified before Congress yesterday, saying “the members of our committee have no tolerance for persistently elevated inflation.” He reassured lawmakers that they “share a resolute commitment to restoring price stability” but did not outline how. The Reason Roundup Newsletter by Liz Wolfe Liz and Reason help you make sense of…

Read More

No, a new study doesn’t ‘lay to rest’ the drug legalization debate

Political Spin

[ad_1] Oregon and Washington both effectively decriminalized drug possession in early 2021 in two short-lived experiments. During these periods, overdose deaths rose sharply in both states. Nationally, they followed a broadly similar upward path during the same period. Naturally, policy analysts seized on the experiments to tease out the effects of decriminalization from the factors driving the national trends. While it’s clear that the decline in overdose deaths the proponents of decriminalization were hoping for did not occur, the evidence is mixed about whether decriminalization drove an increase in overdose deaths once you control for the fentanyl epidemic and COVID-19’s…

Read More

Vanguard Warms to Crypto With Search for Digital Assets Chief

Conspiracy Theories

[ad_1] Vanguard is hiring its first head of digital assets to develop a long-term crypto and blockchain strategy. Vanguard, one of the world’s largest asset managers and a longtime skeptic of cryptocurrency, has opened a search for a head of digital assets, a senior role that would shape the firm’s strategy across crypto and blockchain-based finance. The job, posted this week within Vanguard Personal Wealth and based in Dallas, calls for an executive to develop the firm’s digital asset vision, identify business opportunities, and lead execution across product, technology, operations, legal, and compliance teams.  According to the posting, the hire would serve…

Read More

RFK Jr. doesn’t know whether you need antidepressants

Politics & Policy

[ad_1] In May, the Department of Health and Human Services (HHS) announced a plan to address what it calls “psychiatric overprescribing.” Antidepressants—especially selective serotonin reuptake inhibitors (SSRIs) such as Prozac, Zoloft, Paxil, and Lexapro—are likely to become the central test case. They are common, politically salient, and prescribed for conditions ranging from major depression to anxiety, pain, insomnia, and distress that may or may not meet the criteria for a psychiatric diagnosis. Contrary to the most alarming reports, HHS has not announced an antidepressant ban, and it has not advised current users to hop off their medications. The agency’s stated…

Read More

There Is No Material Dispute That Tom Brady Is the GOAT

Political Spin

[ad_1] It’s judicial precedent now, from Judge J. Nicholas Ranjan (W.D. Pa.) in yesterday’s Multiple Energy Tech., LLC v. Under Armour, Inc., ready for use in arguments, on coffee mugs, etc. In the unlikely event that people are interested in the actual legal questions, here’s the introduction: There is no material dispute that Tom Brady is the GOAT. Part of his unparalleled success was due to his well-known but rather alternative nutrition, fitness, and recovery methods, which he helped to market more broadly as part of his company, TB12. One of these methods involved bioceramic powder, which is a substance…

Read More