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In the early hours of trading on Friday, August 8, 2025, global markets were shaken by the announcement of a 39 percent tariff on...
In November 1974, New York Times film critic Vincent Canby wrote that the city had become “a metaphor for what looks like the last...
Japan eats a lot of rice. And it imposes tariffs on foreign rice to protect domestic producers — sometimes as high as 700 hundred...
An empty nurse’s station and deserted hospital corridor. As high inflation enters its third year and disinflation slowed, the impact of broad price increases...
Futuristic library in Stuttgart, Germany. 2016. As the economic historians Joel Mokyr, Chris Vickers, and Nicolas L. Ziebarth put it in the Journal of...
A woman sweeps the sidewalk in front of a closed small family business in Cairo, Illinois. 2020. I don’t quite buy the facile explanation...