Deirdre McCloskey’s books about (British) economic history and liberty have had an outsized impact on me and my intellectual development for almost two decades. After a publishing streak worthy of…
Category:
Economy
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In 1993, my home state of Michigan enacted the Tobacco Products Tax Act, which raised taxes on cigarette packs from 25 to 75 cents per pack. Those were the highest…
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The New Right is taking a victory lap. Treasury Secretary Scott Bessent says that manufacturing is “roaring back at its fastest pace in years.” He followed that up, calling this…
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October marked the eighteenth anniversary of the Troubled Asset Relief Program (TARP), when Congress authorized the Treasury Department to spend up to $700 billion to buy or insure “troubled assets.”…
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On August 19, President Trump declared “Economic D-Day” against Iran. “Today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY,” Trump posted on Truth Social. Five…
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Over $2.2 trillion was spent, with over 2,400 dead US service members, and the Taliban retained power in Afghanistan. That is the legacy of the US’s longest undeclared war. American…
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How stablecoins are rewriting the architecture of global finance Executive Summary Dollar-pegged stablecoins, digital tokens whose value is fixed one-to-one with the US dollar and settled on blockchain infrastructure, are…
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In the spring of 1945, Duke economics Professor Calvin B. Hoover traveled to Germany at the behest of the US Office of Strategic Services, the forerunner of the CIA. They…
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Artificial intelligence companies have spent years convincing the public that their products are useful. More recently, they’ve sought to persuade policymakers that AI poses an unlikely but real existential threat…
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“Are the kids okay?” I wonder this often. The answer for a frightening number of them, I think, is “no.” Whether it’s the allure of the Democratic Socialists of America…