Unintended Consequences
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Deaths from Despair: Is Globalization a Health Risk?
Claims that NAFTA increased deaths among manufacturing workers overlook a key reality: most job loss stems from productivity gains, not trade.
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Progressive Taxes May Discourage the Most Productive Work
A real-world example shows taxes eat into marginal income, steering workers toward lower-paying, but more pleasant, jobs.
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Inflated Grades Deflate Future Earnings
Grade inflation may feel harmless, but it quietly erodes learning. The real cost of an easy A? About $10,000 per student, according to new research.
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Measuring Poverty Correctly Reveals a Hard Truth About the Welfare State
When taxes and transfers are included, poverty is much rarer than commonly reported. But what actually reduces it?
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The Fed Sees Higher Inflation Coming — and May Cut Rates Anyway
Inflation is well above two percent, but rate paths haven’t moved. The disconnect suggests a shift in how much inflation the Fed is willing to tolerate.
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The Long Shadow of COVID School Closures
COVID lockdowns transformed education and exposed the limits of centralized policymaking. Six years later, students are still paying the price.
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Starbucks CEO Howard Schultz Ditches Seattle After Wealth Tax Vote
Entrepreneurs are exiting high-tax states and taking corporate revenue with them. Why spend years lobbying when you can spend an afternoon on Zillow?
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Worries Spread in Private Credit Markets
Risk migrated outside traditional banks, but insolvencies and widening credit spreads are raising questions about leverage and liquidity strain system-wide.
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The Student Loan Reckoning Has Arrived
Pandemic forbearance and reporting “on-ramps” masked mounting strain, but loans are now coming due, and serious delinquencies are rising.
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•
Should the Fed Abandon Its 2 Percent Target for an Inflation Range?
While inflation ranges may offer technical advantages, they risk blurring accountability and weakening confidence in the Federal Reserve when clarity is most needed.
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•
Deaths from Despair: Is Globalization a Health Risk?
Claims that NAFTA increased deaths among manufacturing workers overlook a key reality: most job loss stems from productivity gains, not trade.
-
•
Progressive Taxes May Discourage the Most Productive Work
A real-world example shows taxes eat into marginal income, steering workers toward lower-paying, but more pleasant, jobs.
-
•
Inflated Grades Deflate Future Earnings
Grade inflation may feel harmless, but it quietly erodes learning. The real cost of an easy A? About $10,000 per student, according to new research.
-
•
Measuring Poverty Correctly Reveals a Hard Truth About the Welfare State
When taxes and transfers are included, poverty is much rarer than commonly reported. But what actually reduces it?
-
•
The Fed Sees Higher Inflation Coming — and May Cut Rates Anyway
Inflation is well above two percent, but rate paths haven’t moved. The disconnect suggests a shift in how much inflation the Fed is willing to tolerate.
-
•
The Long Shadow of COVID School Closures
COVID lockdowns transformed education and exposed the limits of centralized policymaking. Six years later, students are still paying the price.
-
•
Starbucks CEO Howard Schultz Ditches Seattle After Wealth Tax Vote
Entrepreneurs are exiting high-tax states and taking corporate revenue with them. Why spend years lobbying when you can spend an afternoon on Zillow?
-
•
Worries Spread in Private Credit Markets
Risk migrated outside traditional banks, but insolvencies and widening credit spreads are raising questions about leverage and liquidity strain system-wide.
-
•
The Student Loan Reckoning Has Arrived
Pandemic forbearance and reporting “on-ramps” masked mounting strain, but loans are now coming due, and serious delinquencies are rising.
-
•
Should the Fed Abandon Its 2 Percent Target for an Inflation Range?
While inflation ranges may offer technical advantages, they risk blurring accountability and weakening confidence in the Federal Reserve when clarity is most needed.