When my eldest son was four years old, he climbed on top of a batting cage at a park in New Jersey. Several bystanders noticed and began to freak out.…
Category:
Economy
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Zohran Mamdani announced early this month that, should he win the New York City mayoral race, he intends to shut down New York City public schools’ gifted and talented programs…
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“Chicken” is a game where two people, or two groups, want different things, in a context where “I win/you lose.” That is, there are no gains from exchange or compromise,…
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On and shortly after Liberation Day, economists warned that tariffs would raise prices, snarl supply chains, and cut into economic growth. Prices are higher, certainly, but haven’t skyrocketed. Goods are,…
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Across the United States, harvesters are beginning to scythe their way through fields of crops. How well or badly the harvest goes has traditionally been a farmer’s make-or-break moment, but…
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Government is presently “shut down” for failure of Congress to pass a budget for the start of the fiscal year. It is a relatively rare event, having happened just 21…
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I wrote a few weeks ago about how Trump’s manipulation of the Federal Reserve would have to go much further to achieve his goals. Lower interest rates can stimulate the…
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This year’s Nobel Prize in Economics recognizes groundbreaking work on how innovation, entrepreneurship, and creative destruction fuel sustained economic growth. The 2025 Sveriges Riksbank Prize in Economic Sciences in Memory…
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Several incidents in the COVID pandemic’s first two years forced me to confront the uncomfortable reality that American society had cracked apart, fleeing the comfort and safety of accepted knowns…
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By every official measure, the economy seems to be doing well. Personal income, disposable income, and consumption expenditures all increased. GDP growth has been revised upward by both the Bureau…