Fiscal Policy
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Frankenstein’s Money Press: How Washington Unleashed the Modern Monetary Monster
Governments thought they could summon endless wealth from thin air. Instead, Modern Monetary Theory unleashed inflation, eroded trust, and left the Fed cornered by its own creation.
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Better Policy is Not Enough in Argentina
Milei’s reforms are a step in the right direction, but Argentina finds itself in familiar territory: economic instability, a volatile currency, and persistent uncertainty.
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We Have Never Been Austere
Austerity never means “spending less,” only growing a bit more slowly. That rhetorical dodge created a permanently expansionary state, in real, per-capita, and GDP-adjusted terms.
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Trumponomics Is Pushing Young Voters Into Socialism
Trump’s tariffs and Mamdani’s socialism share fatal flaws: putting populist politics above prices. The real casualty? American prosperity.
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How China Remade Global Trade — and Then Broke It
Trade has made us wealthy and resilient, but also vulnerable to coercion. As China’s economic power peaks, its political model may be reaching its limits.
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Imagine That Growth: Lessons from a Tariff-Free Timeline
Explore a counterfactual world in which the trade war ends abruptly, setting off a cascade of economic renewal.
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Bureaucracy Without Brakes: Overregulation Closes Home-Based Garage
Part of the threat behind “everyone must…” is that forgotten laws can be used to settle personal scores…even when the outcome is absurd.
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Playing Chicken with the Federal Budget: The Rational Stupidity of Shutdowns
Government shutdowns might look irrational, but they follow a familiar script. When political types gain more from the standoff than the solution, collisions become routine.
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What Hamburger Helper Knows and GDP Misses
Individual behavior — like millions of decisions about what to have for dinner — is often a better economic indicator than fancy government reports.
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Argentina’s Least-Competitive Sectors Fight Market Reforms
Javier Milei has slashed inflation and deregulated markets — but entrenched interests and old powers are fighting back.
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•
Frankenstein’s Money Press: How Washington Unleashed the Modern Monetary Monster
Governments thought they could summon endless wealth from thin air. Instead, Modern Monetary Theory unleashed inflation, eroded trust, and left the Fed cornered by its own creation.
-
•
Better Policy is Not Enough in Argentina
Milei’s reforms are a step in the right direction, but Argentina finds itself in familiar territory: economic instability, a volatile currency, and persistent uncertainty.
-
•
We Have Never Been Austere
Austerity never means “spending less,” only growing a bit more slowly. That rhetorical dodge created a permanently expansionary state, in real, per-capita, and GDP-adjusted terms.
-
•
Trumponomics Is Pushing Young Voters Into Socialism
Trump’s tariffs and Mamdani’s socialism share fatal flaws: putting populist politics above prices. The real casualty? American prosperity.
-
•
How China Remade Global Trade — and Then Broke It
Trade has made us wealthy and resilient, but also vulnerable to coercion. As China’s economic power peaks, its political model may be reaching its limits.
-
•
Imagine That Growth: Lessons from a Tariff-Free Timeline
Explore a counterfactual world in which the trade war ends abruptly, setting off a cascade of economic renewal.
-
•
Bureaucracy Without Brakes: Overregulation Closes Home-Based Garage
Part of the threat behind “everyone must…” is that forgotten laws can be used to settle personal scores…even when the outcome is absurd.
-
•
Playing Chicken with the Federal Budget: The Rational Stupidity of Shutdowns
Government shutdowns might look irrational, but they follow a familiar script. When political types gain more from the standoff than the solution, collisions become routine.
-
•
What Hamburger Helper Knows and GDP Misses
Individual behavior — like millions of decisions about what to have for dinner — is often a better economic indicator than fancy government reports.
-
•
Argentina’s Least-Competitive Sectors Fight Market Reforms
Javier Milei has slashed inflation and deregulated markets — but entrenched interests and old powers are fighting back.