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President Trump has, it is clear, upended the global trading system and America’s place in it through his aggressive use of tariffs as a...
On August 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law. The program was designed to give private sector retired...
Don’t look now, but free-market economics is coming back into vogue. For the last decade, mainstream economists of both the right and the left...
Inflation ticked up in October. The Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 0.2 percent last month. Prices are...
Why did the United States abandon the gold standard? In an article published recently by the Federal Reserve Bank of St. Louis, Maria Hasenstab...
After dipping well below the Federal Reserve’s 2-percent target in August, inflation now appears to be back on track. The Bureau of Economic Analysis...
At the New York Times, Jeanna Smialek reports that economists are worried President-Elect Trump will stoke inflation. Voters returned Trump to office largely because...
There’s something happening here. What it is, ain’t exactly clear. Around the world, there is growing impatience with the orthodoxies and condescension of the...
President Trump’s return to the White House has sparked a resurgence of interest in central bank independence. Federal Reserve Governor Michael Barr said he...
Sometimes a book’s cover gives the reader a particularly clear preview of its contents. The cover of JT Young’s book Unprecedented Assault: How Big...
Driven by progressive policies that stifled growth and burdened Americans with skyrocketing debt, elevated inflation, and economic malaise, has President Biden’s administration cemented its...
Part 1: What is a Trade Balance? The balance of trade, often described under the heading of a “trade deficit” or a “trade surplus,”...
On January 27, 1945, Soviet forces liberated the Auschwitz concentration camp. The camp had largely been emptied on Himmler’s orders. At Auschwitz, the Nazis...