On January 17, the Congressional Budget Office (CBO) released its latest Budget and Economic Outlook and Update. It attracted little attention in a media environment flooded with stories about then-incoming…
Category:
Economy
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The retreat from DEI has gone from a handful of companies to one of the primary objectives of the new Trump administration. While the pre-election season was marked by a…
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Nvidia became the world’s most valuable company out of the blue — almost. Adding trillions to its market capitalization within just a few months in the spring of 2024, its…
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Introduction Economics textbooks feature a coherent theory of how markets can allocate scarce resources in ways that achieve what is plausibly described as maximum possible human satisfaction. This theory is…
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A Congressman from Tennessee recently advanced a proposal to modify the Twenty-Second Amendment to allow President Trump to serve a third term in office. While a publicity stunt that will…
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Some economists have likened entrepreneurs to heroes, praising their role in disrupting industries and driving progress. Joseph Schumpeter, for instance, famously described them as agents of “creative destruction.” This description…
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Fragile, but off to a good start. That’s my assessment of President Donald J. Trump’s initial actions regarding the environment, climate change, and energy. On the first day of his…
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Over the past three decades, Japan’s monetary policy has been characterized by near-zero interest rates and significant quantitative easing (QE), aimed at countering persistent deflation and stimulating economic growth. The…
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I recently reported something that, as someone who desires social harmony, I was glad to see but, as someone who desires harmony, made me nervous. I reported that culture war…
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Your home may be your castle, but the government can take your castle and give it to someone else if that someone else intends to turn it into a strip…