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Wars test nations. They test military readiness, alliance cohesion, and political resolve. But they also test something less visible and just as important: fiscal...
What is President Javier Milei, really: a savior, or a bankruptcy trustee? An anarchist, a populist, or a classical-liberal reformer? Is he dismantling the...
In early December 2025, a cascading series of flight cancellations at IndiGo, India’s largest airline, brought one of the world’s fastest-growing aviation markets to...
For 24 years, Gene Weierbach has operated his home-based car garage on his rural 16-acre property near Allentown, Pennsylvania. A well-loved mechanic, Gene chose...
After several years of calm, stress is again building in the hidden plumbing of the US financial system — the short-term funding markets that...
When my eldest son was four years old, he climbed on top of a batting cage at a park in New Jersey. Several bystanders...
“Chicken” is a game where two people, or two groups, want different things, in a context where “I win/you lose.” That is, there are...
Zohran Mamdani announced early this month that, should he win the New York City mayoral race, he intends to shut down New York City...
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...