New York City, the bastion of global capitalism, is on the verge of electing its first socialist mayor, Zohran Mamdani. Many of his socialist visions for the metropolis fail basic economics. Worst…
Category:
Economy
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President Donald Trump recently revived a proposal he first raised during his earlier time in office: eliminating the requirement for publicly traded US companies to release quarterly earnings reports, instead…
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On May 9, 1959, Aurora Vargas was forcibly carried out of her home by police officers. There was no clear justification for this; Vargas had broken no laws, and her…
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Earlier this year, New York Times reporter Dionne Searcey covered a ritzy Hamptons gala for the Parrish Art Museum on Long Island. The gala, called “Echoes of the Cosmos,” attracted…
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Executive Summary In response to the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security (CARES) Act greatly expanded government intervention in the economy. Among many hasty creations of March…
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On Monday, Treasury Secretary Scott Bessent announced that the United States and China reached a “framework deal” on TikTok, likely ending a long-fought battle over the fate of the app.…
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On Monday, Treasury Secretary Scott Bessent announced that the United States and China reached a “framework deal” on TikTok, likely ending a long-fought battle over the fate of the app.…
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On September 9, France lost its second government in a year. The story behind the fall of François Bayrou’s government is largely the same as that behind the fall of…
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On September 9, France lost its second government in a year. The story behind the fall of François Bayrou’s government is largely the same as that behind the fall of…
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Prices rose faster last month, according to new data from the Bureau of Economic Analysis. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of…