The new year brought new developments in the world of financial services: specifically, the role of artificial intelligence (AI). In January, JPMorgan Chase announced it would replace its proxy advisory…
Category:
Economy
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The nomination of Kevin Warsh to replace Jerome Powell as Federal Reserve Chair has many people wondering: What makes a good Fed chair? The answer, it turns out, depends on…
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Social Security is drifting toward a cliff, and Congress keeps pretending the shortfall will fix itself. It won’t. Absent reform, benefits will be cut across the board by roughly 23…
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For most of us, especially those of us who think about it a lot, the Roman Empire conjures up famous names of such men as Caesar, Augustus, Nero, Marcus Aurelius,…
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A year or so ago, I met my friend’s mother for the first time at a wedding. She told me that she was Mississippi born and raised, but that after…
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One of the most robust findings in economics is that, with few exceptions, people respond to incentives, rather than intentions or moral principles. Individuals operate under constraints of time, information,…
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Substantive change has occurred in the subjects examined in my second book, Gold and Liberty (AIER, 1995), since it was published three decades ago. That change has been mostly negative,…
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The US Census Bureau just released state population data for mid-year 2025, along with updates for all previous years back to the 2020 Census. The Census estimates population growth with…
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Prediction markets seem to be everywhere these days. Now you can bet not only on the outcomes of sporting events, but also elections, wars, and natural disasters. Yet many people…
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Economy
Markets, Dignity, and Moral Responsibility: an Economist’s Response to Pope Leo XIV’s Dilexi Te
Towards the end of last year, Pope Leo XIV released his first Apostolic Exhortation, titled Dilexi Te (Latin for “I have loved you”). Many of the major themes of this…