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What kind of goods and experiences comprise a “normal life”? In 1900, Henry George thought millionaires lived abnormally because they had telephones in their...
For more than a century, America’s stock listings have been dominated by two addresses: Wall Street’s New York Stock Exchange and Nasdaq’s MarketSite in...
With SNAP funding in the news, we’re seeing a revival of a familiar complaint against big business. The reason millions of Americans need public...
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...
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...