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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...
In the technology arms race between the United States and China for dominance in artificial intelligence (AI), we are often told that the decisive...
For decades, economists have warned about the risk of fiscal dominance. Over the past year, the topic has graduated to news headlines. At first...
The Everyday Price Index (EPI) rose 0.18 percent in March 2025, bringing the index to 292.9. The March increase brings the number of consecutive...
Fears about tariffs causing a recession are high right now. Betting markets pretty clearly favor the claim of a forthcoming recession. Businesses do have...
On Capitol Hill, where memories are short, concern about open-ended military conflicts — or as one might call them, war — is now considered...
For decades, international development has been synonymous with massive aid programs, billion-dollar projects, and slow-moving bureaucracies. Governments and global institutions have spent trillions trying...
In 1881, a president was assassinated over the future of the civil service. James Garfield, who believed in civil service reform, was shot by...
An overwhelming majority of economists agree: protectionist tariffs harm the very nations that impose them. The notion that taxing Americans for buying foreign goods...
As noted in my previous column, foreign holdings of US dollars are classified as foreign holdings of US assets and, thus, contribute to US...
An overwhelming majority of economists agree: protectionist tariffs harm the very nations that impose them. The notion that taxing Americans for buying foreign goods...
As noted in my previous column, foreign holdings of US dollars are classified as foreign holdings of US assets and, thus, contribute to US...
In 1881, a president was assassinated over the future of the civil service. James Garfield, who believed in civil service reform, was shot by...