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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...
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Economy
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...
Economy
Language matters. Words have not only technical meanings; they also summon particular attitudes and impressions. And sometimes these attitudes and impressions differ significantly from...
Economy
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...
Economy
The laws of economics can be seen at work nearly everywhere if one only endeavors to take note of them. That which Frédéric Bastiat...
Economy
On September 5, President Trump signed an executive order making The Department of War an official secondary name for The Department of Defense, seemingly...
Economy
This year marks the ninetieth anniversary of the Banking Act of 1935, the law that gave the Federal Reserve its current structure. Often overshadowed...
Economy
In a recent Wall Street Journal op-ed, former Federal Reserve Bank of Philadelphia President Patrick Harker recounts an interaction with a protester who did...
Economy
“History doesn’t repeat, but it often rhymes,” is a famous saying attributed to American author Mark Twain. When you read today’s news about the...
Economy
In a recent Wall Street Journal op-ed, former Federal Reserve Bank of Philadelphia President Patrick Harker recounts an interaction with a protester who did...
Economy
“History doesn’t repeat, but it often rhymes,” is a famous saying attributed to American author Mark Twain. When you read today’s news about the...
Economy
This year marks the ninetieth anniversary of the Banking Act of 1935, the law that gave the Federal Reserve its current structure. Often overshadowed...
Economy
National security is the textbook case of a subsidized public good — taxpayer-funded, centrally coordinated, and traditionally insulated from market prices. Ukraine’s wartime economy,...
Economy
“I don’t give a sh*t what you call it.” So wrote Vice President J.D. Vance in response to journalist Brian Krassenstein, who questioned Vance’s...