Inflation looks better than it did a month ago, but not because it improved much in August. Revisions from the Bureau of Economic Analysis (BEA) lowered estimates of recent inflation…
Category:
Economy
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Thirty years ago, a small startup team of scientists in Boston published findings that began with the venom of a Gila monster and ended in a weight-loss revolution. The breakthrough…
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Paul Krugman once said: “If there were an Economist’s Creed, it would surely contain the affirmations ‘I understand comparative advantage’ and ‘I advocate Free Trade.’” We agree. Alas, economists have…
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Executive Summary There are two main theories of corporate governance: the shareholder theory and the stakeholder theory. The former, which originated in the earliest corporate law decisions of courts of…
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Separating Monetary Reality from a Popular Myth 1. Introduction: The Appeal and Persistence of the Claim Some ideas become popular because they are true; others because they are simple. The…
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Protectionism, Economic Monoculture, and the Real Lessons of the Rust Belt Executive Summary In 1950, Detroit and Pittsburgh were among the most prosperous industrial cities in the world. Detroit led…
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1. Introduction: Why Sound Money Matters Money is foundational to commerce and plays a central role in everyday life. We work for it, save it, invest it, and spend it.…
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Daniel McCarthy — Distinguished Fellow in Conservative Thought at the Heritage Foundation — recently penned in the pages of American Spectator, an obituary of sorts for libertarianism. His essay is…
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Imagine it’s January in New York and you’re sharing a tiny apartment with two roommates. The walls are crumbling around you, and there’s a hole in your bedroom wall big…
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This November, Vermont will vote on Proposal 3, a legislatively referred constitutional amendment to entrench collective bargaining rights in the state’s constitution. If it passes, the Vermont legislature would be…