US equity investors have a lot to cheer of late, despite stubborn inflation, rising interest rates and financial tightening, and falling consumer confidence. The S&P 500 has hit 28 closing…
Category:
Economy
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A familiar bit of bureaucratic reasoning, described as “politician’s logic” in the British comedy Yes, Prime Minister, goes something like this: Something must be done. This is something. Therefore, we…
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On Monday, the Royal Swedish Academy of Sciences awarded this year’s Nobel Prize in Economics to Robert Hall (Stanford University and the Hoover Institution) and Michael Woodford (Columbia University) for…
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President Trump has renewed his effort to remove Lisa Cook from the Federal Reserve Board. Whether he has a legitimate reason to fire her is another matter. The White House…
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The American Institute for Economic Research’s Everyday Price Index (EPI) rose 0.87 percent in September 2026, reaching 316.0. Following August’s reported 0.33 percent advance, September marked a second consecutive monthly…
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In F. Scott Fitzgerald’s short story, “The Ice Palace,” Northerner Harry meets Southern belle Sally and the two agree to marry. Sally’s small Georgia hometown is hot, sultry, and decadent,…
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Barriers to Entry and Broken Promises 1. The Origins and Rise of Certificate of Need Laws Certificate of Need (CON) laws are state-level regulations that require entrepreneurs, healthcare systems, and…
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In 2020, following the death of George Floyd in Minneapolis, a strange political alliance formed around ending “qualified immunity,” a legal doctrine that for more than a half-century has shielded…
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Nearly 1,000 plant workers near Kansas City find themselves on indefinite layoff. The reason for this, according to a union official? A gap of about 115,000 vehicles. General Motors had…
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