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…
Category:
Economy
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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…
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Almost two years ago, the enthusiasm of the 56 percent of Argentine voters who called for “Freedom” when electing Javier Milei as President of Argentina seemed unstoppable. The pace of…
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Governor Michelle Lujan Grisham announced in September that New Mexico will become the first state in the nation to guarantee free childcare for its residents beginning November 1. While the…
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Why do people vote, protest, or boycott, when their individual actions almost never change political outcomes? Economists have long emphasized that the probability that your single vote will swing a…
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Donald and Melania Trump are eating breakfast together at Mar-a-Lago on the morning of January 21, 2029. At noon on the previous day, Gretchen Whitmer was sworn in as the…
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No president in American history had greater skill in the political uses of radio than Franklin Delano Roosevelt. His warm voice was called “sincere . . . and good natured…