Economy

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…

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,…

President Trump’s detractors and defenders alike have cast his federal foray into local law enforcement as a revival of “broken windows” policing. But while Americans quarrel over deploying federal troops…

When Sen. Bernie Sanders and New York City Mayor-Elect Zohran Mamdani recently rallied with striking Starbucks workers, they trumpeted a “New York where every worker can live a life of…

The tragic assassination of Charlie Kirk has left a deep vacuum within the American right — one that various political actors are now attempting to fill. For roughly a decade,…

Until very recently, the Federal Reserve had been ratcheting up bank regulations. Economists generally agree that excessive bank regulation dissuades banks from extending credit for some productive projects. In a…

On almost every page of The Socialist Calculation Debate and the Relevance of Economic Knowledge, I found myself thinking, “I can’t believe a monograph like this still needs to be…

In the modern world, prices always seem to be rising. With the exception of technology and maybe a few other industries, no one wonders whether prices will rise. The only…

In the modern world, prices always seem to be rising. With the exception of technology and maybe a few other industries, no one wonders whether prices will rise. The only…

Guess who’s coming home for Christmas? Many college graduates are getting fired just five or six months into their first “real world” jobs. Sixty percent of the 1,000 employers surveyed…