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Political scientists contend that a defining characteristic of the state is its monopoly on the use of force (or violence). Meanwhile, economists are quick...
The Federal Reserve held its target range for the federal funds rate constant in January 2026 at 3.5–3.75 percent. This decision was consistent with...
On and shortly after Liberation Day, economists warned that tariffs would raise prices, snarl supply chains, and cut into economic growth. Prices are higher,...
Across the United States, harvesters are beginning to scythe their way through fields of crops. How well or badly the harvest goes has traditionally...
Government is presently “shut down” for failure of Congress to pass a budget for the start of the fiscal year. It is a relatively...
I wrote a few weeks ago about how Trump’s manipulation of the Federal Reserve would have to go much further to achieve his goals....
This year’s Nobel Prize in Economics recognizes groundbreaking work on how innovation, entrepreneurship, and creative destruction fuel sustained economic growth. The 2025 Sveriges Riksbank...
Several incidents in the COVID pandemic’s first two years forced me to confront the uncomfortable reality that American society had cracked apart, fleeing the...
By every official measure, the economy seems to be doing well. Personal income, disposable income, and consumption expenditures all increased. GDP growth has been...
Governor Michelle Lujan Grisham announced in September that New Mexico will become the first state in the nation to guarantee free childcare for its...
Almost two years ago, the enthusiasm of the 56 percent of Argentine voters who called for “Freedom” when electing Javier Milei as President of...
Donald and Melania Trump are eating breakfast together at Mar-a-Lago on the morning of January 21, 2029. At noon on the previous day, Gretchen...