On February 11, the Congressional Budget Office (CBO) released its latest Budget and Economic Outlook. It made for grim reading. Deficits are historically high, totaling $1.9 trillion in 2026 and…
Category:
Economy
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On February 11, the Congressional Budget Office (CBO) released its latest Budget and Economic Outlook. It made for grim reading. Deficits are historically high, totaling $1.9 trillion in 2026 and…
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On the morning of March 12 in Grand Rapids, Michigan, the campus scene was simultaneously typical and surreal. Students and faculty were fatigued by midterm preparations, and many were starting…
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On the morning of March 12 in Grand Rapids, Michigan, the campus scene was simultaneously typical and surreal. Students and faculty were fatigued by midterm preparations, and many were starting…
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Inflation ticked down in January, the latest data released Friday from the Bureau of Economic Analysis shows. But it still remains well above the Federal Reserve’s target. The Personal Consumption…
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Inflation ticked down in January, the latest data released Friday from the Bureau of Economic Analysis shows. But it still remains well above the Federal Reserve’s target. The Personal Consumption…
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In the technology arms race between the United States and China for dominance in artificial intelligence (AI), we are often told that the decisive factor will be computational power: who…
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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 her family to Sydney. When 43,000…
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For decades, economists have warned about the risk of fiscal dominance. Over the past year, the topic has graduated to news headlines. At first glance, the US’s deteriorating fiscal situation…
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On February 20, the Supreme Court handed the Trump administration a stinging rebuke. In a 6-3 decision, the justices ruled that the International Emergency Economic Powers Act (IEEPA) “contains no…