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The 2025 Thanksgiving season arrives with an unwelcome development: after last year’s brief and much-needed period of easing in several Thanksgiving staples, prices have...
Can regulation work when a market changes faster than a case can be litigated? The Justice Department filed its antitrust case against Google in...
Introduction The gold standard was a monetary system that defined a unit of a nation’s currency as a fixed weight of gold and made...
Robot foot soldier of Skynet, the apocalyptic artificial superintelligence of the Terminator film franchise. Maybe it’s a law of history: every innovation faces opposition. The early...
Federal Reserve Chair Jerome Powell at a press conference. 2024. The Federal Reserve’s Federal Open Market Committee (FOMC) announced a 50 basis point cut...
Frustrated factory workers can be enticed to invest in their own enrichment if constraints on human capital are relieved. Few deny the importance of...
Skulls of young men murdered by the Pol Pot regime in the Killing Fields of Cambodia; on display in a shrine to the dead...
Although I’ve taught Principles of Microeconomics (“ECON 101”) nearly every year now for the past 42 years, I never tire of this course. I...
Experts were tracking a mental health crisis among Gen Z college students, even before they were quarantined, masked, and socially distanced. In 2018, 1,200...
Electricity is among the most-regulated sectors of the U.S. economy. A century of public-utility regulation of entry and rates has given way to new...
A mural anticipates Taylor Swift’s show at Wembley Stadium in London. 2024. Last week, former President Donald Trump stirred the pot by posting a...
A young mother prepares a meal for her child. Nearly ten years ago, I wrote what I thought was a provocative essay about polygamy...
“The Blessings of Protection,” lithograph criticizing steel industry tariffs. Louis Dalrymple. Puck, 1901. Original caption: “The poor foreigner couldn’t get his rails for Twenty-four...