Inflation was lower than expected in November, the Bureau of Labor Statistics (BLS) reported yesterday, in the first official inflation release since October following the extended government shutdown earlier this…
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Economy
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Every few months a headline or social media post circulates declaring that a corporate leader earns hundreds or even thousands of times more than the typical employee, and recent examples…
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Note: The October-November readings for both the Consumer Price Index and the Everyday Price Index should be viewed as provisional rather than definitive. A temporary government funding lapse interrupted standard…
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The title of Dan Wang’s book Breakneck focuses on the People’s Republic of China (PRC) specifically, but it is really about the self-conscious great-power rivalry between China’s Communist Party leaders…
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In its manifesto for the 2024 general election, Britain’s Labour party listed “Five Missions to Rebuild Britain,” the first being: “Kickstart economic growth.” The party’s second budget since winning that…
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December 2025 marks the official end of the largest cycle of quantitative tightening the Federal Reserve has ever undertaken. From a peak of $8.93 trillion in June 2022, the Fed…
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On most days, America’s air traffic control system is invisible. The radar screens flicker, the controllers thread needles as planes approach and depart, and millions of passengers move through the…
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The Federal Reserve lowered the federal funds target range by 25 basis points on Wednesday—its third consecutive rate cut—to 3.5 to 3.75 percent. Markets had anticipated the decision for weeks,…
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Language matters. Words have not only technical meanings; they also summon particular attitudes and impressions. And sometimes these attitudes and impressions differ significantly from the words’ technical meanings. In no…
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Economy
Privacy for the Powerful, Surveillance for the Rest: EU’s Proposed Tech Regulation Goes Too Far
Last month, we lamented California’s Frontier AI Act of 2025. The Act favors compliance over risk management, while shielding bureaucrats and lawmakers from responsibility. Mostly, it imposes top-down regulatory norms,…
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