Austerity comes from the Greek word “austeros,” connoting harsh, bitter, astringency. The first instance of the word to mean fiscal discipline was in 1937, when John Maynard Keynes admonished a…
Category:
Economy
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Introduction Medicaid, Title XIX of the Social Security Act, is a joint federal-state program that finances health care to the poor.[1] When it was first signed into law, Medicaid eligibility…
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In the aftermath of World War I, thousands of young officers were faced with limited prospects for advancement. In that inauspicious moment, then–Second Lieutenant Edward Crosby Harwood carved out opportunity…
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Americans are feeling the sting of President Trump’s tariffs. Consumer goods ranging from coffee and watches to toys and televisions are experiencing a jump in prices. Meanwhile, socialist frontrunner and…
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Inflation eased slightly in September, the Bureau of Labor Statistics (BLS) reported late last week, after a delay in the release due to the government shutdown. The Consumer Price Index…
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Failure gets rewarded when it comes to government unions. Look no further than Stacy Davis Gates, the president of the Chicago Teachers Union (CTU). She was just unanimously elected to…
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Globalization is perhaps best explained not with statistics, but with a pair of foods beloved in China. Consider Shenyang’s chicken racks and Wuhan’s duck necks — two dishes born directly…
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The AIER Everyday Price Index (EPI) rose 0.29 percent to 297.6 in September 2025, marking its tenth consecutive monthly increase and bringing the year-to-date change to roughly 3.2 percent. Out…
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On October 26, half of Argentina’s representatives and one-third of senators will face voters at the ballot box. This is, on its own, fortunately unexceptional. Indeed, Argentina has been a…
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Imagine a parallel universe where, with the stroke of a pen, President Trump declares an end to the ill-conceived trade war that, while it intensified sharply in April 2025, started…