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The near-collapse of London-based Market Financial Solutions (MFS) highlights structural vulnerabilities embedded in today’s private credit ecosystem. Founded in 2006, MFS specialized in complex,...
Millions of Americans are channeling the classic Eagles tune Hotel California in their experience with student loan debt: “you can check out any time...
What are zoning laws, how do they work, and what are their economic effects? This explainer is intended to be a guide to the...
Note: The October-November readings for both the Consumer Price Index and the Everyday Price Index should be viewed as provisional rather than definitive. A...
The title of Dan Wang’s book Breakneck focuses on the People’s Republic of China (PRC) specifically, but it is really about the self-conscious great-power...
In its manifesto for the 2024 general election, Britain’s Labour party listed “Five Missions to Rebuild Britain,” the first being: “Kickstart economic growth.” The...
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...
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...
Language matters. Words have not only technical meanings; they also summon particular attitudes and impressions. And sometimes these attitudes and impressions differ significantly from...
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...
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....
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...
The tragic assassination of Charlie Kirk has left a deep vacuum within the American right — one that various political actors are now attempting...