Medicare is not merely a senior health program; it is an elaborate intergenerational contract with a hidden clause: it quietly runs on a tax structure that is dependent on the…
Category:
Economy
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2026 commemorates the 250th anniversary of Adam Smith’s great work An Inquiry into the Nature and Causes of the Wealth of Nations. This book has probably been read more than…
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Last month, Congress sparred with the president over a partial budget, but with few real cuts, America’s slow march toward an epic debt crisis went on undeterred. With over $38…
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I’ve taught Principles of Microeconomics (“ECON 101”) regularly now for nearly a half-century. The first such course I taught was in the Fall Quarter of 1982 at Auburn University, my…
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If you only followed the political feed, you would think the world is splitting into billionaires on yachts and everyone else eating instant noodles forever. Then you see the data,…
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What is President Javier Milei, really: a savior, or a bankruptcy trustee? An anarchist, a populist, or a classical-liberal reformer? Is he dismantling the casta — the entrenched political establishment…
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Wars test nations. They test military readiness, alliance cohesion, and political resolve. But they also test something less visible and just as important: fiscal strength. Just days before the United…
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The industrial age reshaped production and reorganized work, elevating coordination to a central concern for firms. In response, early approaches to management emphasized structure and control, with performance judged primarily…
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Every time conflict erupts in the Middle East and oil prices jump, the same anxiety follows: will central banks respond with tighter money? It’s an understandable fear. Households dislike inflation,…
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Daily headlines formulate new variations on the theme: artificial intelligence is too powerful to be left unregulated. Lawmakers, guardedly seconded by big tech CEOs, warn of catastrophe. Agencies draft frameworks.…