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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....
In most sectors of the American economy, we celebrate the moment when insiders break away to build something better. Engineers start their own firms....
The longest federal shutdown in US history has created deep gaps in the flow of economic data, preventing calculation of the Business Conditions Monthly...
The 2025 Thanksgiving season arrives with an unwelcome development: after last year’s brief and much-needed period of easing in several Thanksgiving staples, prices have...
Can regulation work when a market changes faster than a case can be litigated? The Justice Department filed its antitrust case against Google in...
Introduction The gold standard was a monetary system that defined a unit of a nation’s currency as a fixed weight of gold and made...
On Capitol Hill this week, five Democratic senators accused the Trump administration of “sweetheart deals with Big Tech” that have “driven up power bills...
Recent movements in short-term loan markets are a timely reminder of a forgotten truth: The Federal Reserve is not the master of credit conditions....
Central planners just can’t help themselves. They feel obligated to solve the world’s problems. Consider this year’s Orwellianly-named “Conference of the Parties” (COP-30), the...
Do you sell cupcakes, run a home photography studio, or tutor kids in your living room? If so, you might be breaking the law....
The modern American right could stand to gain from the insight of Richard M. Weaver. Weaver, a twentieth-century conservative of the Southern tradition, perceived...