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The answer to the question “Who pays the cost of tariffs?” is obviously important. If the costs of all tariffs were paid exclusively by...
President Trump has nominated Kevin Warsh to succeed Jerome Powell, whose term as Federal Reserve Chair expires in May 2026. Trump has made no...
Donald Trump wants lower interest rates. He has said so openly and has pressured the Federal Reserve accordingly. The political logic seems obvious: easier...
Futuristic library in Stuttgart, Germany. 2016. As the economic historians Joel Mokyr, Chris Vickers, and Nicolas L. Ziebarth put it in the Journal of...
A woman sweeps the sidewalk in front of a closed small family business in Cairo, Illinois. 2020. I don’t quite buy the facile explanation...