Economy
I recently used economist Albert Hirschman’s Exit, Voice, and Loyalty to explain why Jacinda Ardern, the former prime minister of New Zealand, quietly relocated...
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Economy
In the technology arms race between the United States and China for dominance in artificial intelligence (AI), we are often told that the decisive...
Economy
On February 20, the Supreme Court handed the Trump administration a stinging rebuke. In a 6-3 decision, the justices ruled that the International Emergency...
Economy
For decades, economists have warned about the risk of fiscal dominance. Over the past year, the topic has graduated to news headlines. At first...
Economy
The answer to the question “Who pays the cost of tariffs?” is obviously important. If the costs of all tariffs were paid exclusively by...
Economy
President Trump has nominated Kevin Warsh to succeed Jerome Powell, whose term as Federal Reserve Chair expires in May 2026. Trump has made no...
Economy
Donald Trump wants lower interest rates. He has said so openly and has pressured the Federal Reserve accordingly. The political logic seems obvious: easier...
Economy
Political scientists contend that a defining characteristic of the state is its monopoly on the use of force (or violence). Meanwhile, economists are quick...
Economy
The Federal Reserve held its target range for the federal funds rate constant in January 2026 at 3.5–3.75 percent. This decision was consistent with...
Economy
Economy
Landlords are amazing. That’s perhaps a perverse, controversial statement in these Mamdani-ish times, where “free” socialist housing is all the rage. In popular imagination,...
Economy
If economic freedom were a stock, analysts would call it boring — and then quietly recommend buying it anyway. For decades, states that limit...
Economy
While most of my fellow Michiganders like to think of Detroit as the birthplace of the automobile, we have to remember, the Germans have...
Economy
In Bill Cotter’s beloved children’s book series, Don’t Push the Button! a mischievous monster named Larry presents young readers with a tantalizing big red...
