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On most days, America’s air traffic control system is invisible. The radar screens flicker, the controllers thread needles as planes approach and depart, and...
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Economy
December 2025 marks the official end of the largest cycle of quantitative tightening the Federal Reserve has ever undertaken. From a peak of $8.93...
Economy
Language matters. Words have not only technical meanings; they also summon particular attitudes and impressions. And sometimes these attitudes and impressions differ significantly from...
Economy
The Federal Reserve lowered the federal funds target range by 25 basis points on Wednesday—its third consecutive rate cut—to 3.5 to 3.75 percent. Markets...
Economy
Last month, we lamented California’s Frontier AI Act of 2025. The Act favors compliance over risk management, while shielding bureaucrats and lawmakers from responsibility....
Economy
President Trump’s detractors and defenders alike have cast his federal foray into local law enforcement as a revival of “broken windows” policing. But while...
Economy
When Sen. Bernie Sanders and New York City Mayor-Elect Zohran Mamdani recently rallied with striking Starbucks workers, they trumpeted a “New York where every...
Economy
The tragic assassination of Charlie Kirk has left a deep vacuum within the American right — one that various political actors are now attempting...
Economy
On almost every page of The Socialist Calculation Debate and the Relevance of Economic Knowledge, I found myself thinking, “I can’t believe a monograph...
Economy
Until very recently, the Federal Reserve had been ratcheting up bank regulations. Economists generally agree that excessive bank regulation dissuades banks from extending credit...