Economy

For much of the twentieth century, the American Dream promised a straightforward bargain: work hard, save wisely, and secure a comfortable life. Today, that promise is fading. Surveys show only…

To develop effective responses to populism, it is essential to first understand its nature and underlying causes. Just as bait must appeal to the fish rather than the angler, a…

Americans are afraid of their healthcare system — and that fear is justified. Families worry that an accident or illness will bankrupt them, and patients on public programs often wait…

For 24 years, Gene Weierbach has operated his home-based car garage on his rural 16-acre property near Allentown, Pennsylvania. A well-loved mechanic, Gene chose this arrangement so he could help…

After several years of calm, stress is again building in the hidden plumbing of the US financial system — the short-term funding markets that move trillions of dollars in overnight…

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.…

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…

“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,…

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,…

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…