Just 50 years after America’s founding, the New Hampshire inventor, Samuel Morey, received the nation’s first patent for an internal combustion engine. The motor’s potency was soon realized when Morey…
Category:
Economy
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Federal Reserve chair Jerome Powell recently emphasized that the US economy remains resilient, in large part due to a labor market holding steady, despite growing uncertainty. The direct words Powell…
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Writing during the Great Depression in 1930, John Maynard Keynes (1883-1946) pushed back against what he called a “bad attack of economic pessimism.” In his famous essay, “Economic Possibilities for…
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In my home and as a foster parent, reading is a constant. In the first days and weeks of a new placement, when everything is unfamiliar and a little uncertain,…
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Executive Summary 2026 marks the 250th anniversary of two momentous historical events: the publication of Adam Smith’s Inquiry into the Nature and Causes of the Wealth of Nations, on March…
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If you’ve recently hitched a ride with Uber, Lyft, or any other rideshare company, chances are you spent more than you bargained for. That’s not just because of high gas…
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Americans often say inflation feels higher than what official statistics report. For most of economic history, inflation had a clear meaning: an increase in the supply of money. Rising prices…
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Adam Smith (1723-1790) is widely considered to be the father of modern economics. There were precursors, such as the School of Salamanca and the French Physiocrats, but Adam Smith’s 1776…
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Washington has a habit of changing its budget goals — not because the country solved the spending-driven debt problem, but because each goal proved harder than lawmakers were willing to…
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Whose side is Silicon Valley on anyway? That’s what Secretary Hegseth may be wondering, given Anthropic’s refusal to grant the US military autonomy over its Claude model — a stance…