Daily Economy
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Monetary Policy Rules Suggest Fed Should Hold Steady in March
The federal funds rate is already lower than levels recommended by several well-known policy guidelines. Recent uncertainty does not justify further easing.
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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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Can Immigration Address America’s Fiscal Nightmare? It Depends
High-skilled workers tend to strengthen government budgets, while low-skilled immigration can add fiscal pressure. The composition of immigration matters as much as the number.
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Fed Officials Face Diverging Mandates
Evidence suggests that inflation is relatively widespread, job creation has weakened, the Fed will likely hold the policy rate steady.
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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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China’s AI Paradox: Can Innovation Thrive in a Captive Mind?
Can a state that suppresses intellectual freedom tolerate the open inquiry that AI innovation ultimately requires?
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Warsh: The Fed Helped Create Fiscal Dominance
Federal Reserve chair nominee Kevin Warsh argues the Fed has drifted far beyond its mandate, becoming a “general-purpose agency of government.”
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The Fed Has a Groupthink Problem. Warsh Can Fix It
Evidence shows groupthink has produced suboptimal monetary policy. Kevin Warsh’s out-of-sync views could bring much-needed diversity to the Fed.
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Entrepreneurs Take on the Funeral Monopoly: When Selling a Box Becomes a Crime
Oklahoma’s protectionist casket laws block competition and inflate costs. But some entrepreneurs are fighting back, taking their case to court to defend economic freedom.
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Inflation Edged Up in February, But Core Price Pressures Ease
The data suggest nominal spending and wage growth are stable, and easing policy too quickly could risk reigniting price pressures.
-
•
Monetary Policy Rules Suggest Fed Should Hold Steady in March
The federal funds rate is already lower than levels recommended by several well-known policy guidelines. Recent uncertainty does not justify further easing.
-
•
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.
-
•
Can Immigration Address America’s Fiscal Nightmare? It Depends
High-skilled workers tend to strengthen government budgets, while low-skilled immigration can add fiscal pressure. The composition of immigration matters as much as the number.
-
•
Fed Officials Face Diverging Mandates
Evidence suggests that inflation is relatively widespread, job creation has weakened, the Fed will likely hold the policy rate steady.
-
•
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?
-
•
China’s AI Paradox: Can Innovation Thrive in a Captive Mind?
Can a state that suppresses intellectual freedom tolerate the open inquiry that AI innovation ultimately requires?
-
•
Warsh: The Fed Helped Create Fiscal Dominance
Federal Reserve chair nominee Kevin Warsh argues the Fed has drifted far beyond its mandate, becoming a “general-purpose agency of government.”
-
•
The Fed Has a Groupthink Problem. Warsh Can Fix It
Evidence shows groupthink has produced suboptimal monetary policy. Kevin Warsh’s out-of-sync views could bring much-needed diversity to the Fed.
-
•
Entrepreneurs Take on the Funeral Monopoly: When Selling a Box Becomes a Crime
Oklahoma’s protectionist casket laws block competition and inflate costs. But some entrepreneurs are fighting back, taking their case to court to defend economic freedom.
-
•
Inflation Edged Up in February, But Core Price Pressures Ease
The data suggest nominal spending and wage growth are stable, and easing policy too quickly could risk reigniting price pressures.