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For much of the last half-century, California benefited from a powerful first-mover advantage. Dense networks of talent, capital, and research institutions allowed the state...
Private markets work well when they are allowed to function free from big government directives. The latest example is in the world of financial...
When the internet went mainstream at the turn of the twenty-first century, it was widely celebrated as a revolutionary force for freedom and democracy....
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...
When Sen. Bernie Sanders and New York City Mayor-Elect Zohran Mamdani recently rallied with striking Starbucks workers, they trumpeted a “New York where every...
On almost every page of The Socialist Calculation Debate and the Relevance of Economic Knowledge, I found myself thinking, “I can’t believe a monograph...
Until very recently, the Federal Reserve had been ratcheting up bank regulations. Economists generally agree that excessive bank regulation dissuades banks from extending credit...
In the modern world, prices always seem to be rising. With the exception of technology and maybe a few other industries, no one wonders...
In the modern world, prices always seem to be rising. With the exception of technology and maybe a few other industries, no one wonders...
Guess who’s coming home for Christmas? Many college graduates are getting fired just five or six months into their first “real world” jobs. Sixty...