The U.S. initial public offering market is back. What has not recovered, however, is the number of new and smaller companies going public. Of the 165 IPOs so far this year, less than 7 percent were valued below $50 million.
Fiscal deficits and loose monetary policy have led to a lopsided recovery. This is the conclusion of the Bank for International Settlements' 84th annual report. U.S. policymakers should heed this advice.
The new House majority leader, Kevin McCarthy, has announced his opposition to renewing the charter of the Export-Import Bank. Kudos to him. The Ex-Im Bank is ripe for elimination. The bank has become a shining example of U.S. government cronyism.
Offensive speech is hateful and doomed to collapse in the crucible of competing ideas in a free society. But when the government chooses for us the boundaries of offensive speech, it is not just offensive speech that is limited, but the very premise of speech itself.