Recent movements in short-term loan markets are a timely reminder of a forgotten truth: The Federal Reserve is not the master of credit conditions. It can influence interest rates, but…
Category:
Economy
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On Capitol Hill this week, five Democratic senators accused the Trump administration of “sweetheart deals with Big Tech” that have “driven up power bills for ordinary Americans.” Their letter, addressed…
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Do you sell cupcakes, run a home photography studio, or tutor kids in your living room? If so, you might be breaking the law. In the US, zoning ordinances often…
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Central planners just can’t help themselves. They feel obligated to solve the world’s problems. Consider this year’s Orwellianly-named “Conference of the Parties” (COP-30), the thirtieth annual climate conference sponsored by…
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What kind of goods and experiences comprise a “normal life”? In 1900, Henry George thought millionaires lived abnormally because they had telephones in their bedrooms. Looking back, it’s remarkable how…
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The modern American right could stand to gain from the insight of Richard M. Weaver. Weaver, a twentieth-century conservative of the Southern tradition, perceived the dangers of radical ideologies as…
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With SNAP funding in the news, we’re seeing a revival of a familiar complaint against big business. The reason millions of Americans need public benefits like SNAP, critics say, is…
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For more than a century, America’s stock listings have been dominated by two addresses: Wall Street’s New York Stock Exchange and Nasdaq’s MarketSite in Times Square. That may soon change.…
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In recent decades, and especially since the release of OpenAI’s large language model ChatGPT in 2022, artificial intelligence use has rapidly spread into almost every industry. And as AI proliferates,…
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America is on the cusp of the most power-hungry decade in a generation. Federal forecasters expect record electricity demand in 2025–26, even as oil producers are carefully managing output. Yet…