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For much of the last half-century, California benefited from a powerful first-mover advantage. Dense networks of talent, capital, and research institutions allowed the state...
Private markets work well when they are allowed to function free from big government directives. The latest example is in the world of financial...
When the internet went mainstream at the turn of the twenty-first century, it was widely celebrated as a revolutionary force for freedom and democracy....
Director David H. Petraeus of the Central Intelligence Agency rings the opening bell at the New York Stock Exchange on September 18, 2012, CIA’s...
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...