The anniversary of “Liberation Day” came and went on April 2 without much fanfare. The Trump administration’s silence was striking, especially considering all the pomp and circumstance they invested in…
Category:
Economy
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Just 50 years after America’s founding, the New Hampshire inventor, Samuel Morey, received the nation’s first patent for an internal combustion engine. The motor’s potency was soon realized when Morey…
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Federal Reserve chair Jerome Powell recently emphasized that the US economy remains resilient, in large part due to a labor market holding steady, despite growing uncertainty. The direct words Powell…
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Writing during the Great Depression in 1930, John Maynard Keynes (1883-1946) pushed back against what he called a “bad attack of economic pessimism.” In his famous essay, “Economic Possibilities for…
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In my home and as a foster parent, reading is a constant. In the first days and weeks of a new placement, when everything is unfamiliar and a little uncertain,…
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Executive Summary 2026 marks the 250th anniversary of two momentous historical events: the publication of Adam Smith’s Inquiry into the Nature and Causes of the Wealth of Nations, on March…
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If you’ve recently hitched a ride with Uber, Lyft, or any other rideshare company, chances are you spent more than you bargained for. That’s not just because of high gas…
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Americans often say inflation feels higher than what official statistics report. For most of economic history, inflation had a clear meaning: an increase in the supply of money. Rising prices…
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Adam Smith (1723-1790) is widely considered to be the father of modern economics. There were precursors, such as the School of Salamanca and the French Physiocrats, but Adam Smith’s 1776…
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Washington has a habit of changing its budget goals — not because the country solved the spending-driven debt problem, but because each goal proved harder than lawmakers were willing to…