Daily Economy
-
•
Confucius and Trump’s Department of War
The US military’s global flailing has little to do with ‘defense.’ Returning to an accurate label might be a step toward policy realism.
-
•
France’s Financial Misery Is a Bad Omen for Other Countries
Financial and debt crises aren’t so much solved as covered up by political actions aimed at alleviating market anxieties.
-
•
Remaking the Fed: A Look Back at the Banking Act of 1935
Ninety years later, every Fed decision — from raising rates to curb inflation to cutting them in a downturn — still flows through the framework created in 1935.
-
•
The Fed’s Mission Creep Under Jerome Powell
Former Fed officials are right to worry about the central bank’s independence. But they should not be surprised. Under Powell’s leadership, the Fed has drifted into the political arena.
-
•
Can the President Assassinate Suspected Criminals?
The Constitution is designed to check the power grabs of reckless men. Will Congress and the Courts defend the rule of law against an increasingly lawless executive branch?
-
•
One Big, Beautiful Tradeoff for the Fed
Raising the debt ceiling takes the Fed out of the reserve volatility frying pan—but may land it in the debt-monetization fire.
-
•
Decentralized Defense: How Ukraine’s Lean Military Outperforms Expectations
Ukraine’s Ministry of Defense buys from a competitive market of private firms. The Pentagon could do the same — if it chose innovation over incumbency.
-
•
When Family Firms Meet Market Discipline: a Lesson from ‘Tommy Boy’
Brands love to market themselves as ‘family owned,’ but as Tommy Boy comically reminds us, the only guarantee of success is satisfying consumers in a competitive marketplace.
-
•
What Shipping Containers Did for Trade, Stablecoins Can Do for Money
Stablecoins offer enormous promise for digital commerce if we codify their standard.
-
•
Escape from New York, 2025 Millionaire Edition
NYC’s highest earners are fleeing, along with $14 billion in gross income. An evacuating tax base risks taking the city’s prestige with it — to Florida.
-
•
Confucius and Trump’s Department of War
The US military’s global flailing has little to do with ‘defense.’ Returning to an accurate label might be a step toward policy realism.
-
•
France’s Financial Misery Is a Bad Omen for Other Countries
Financial and debt crises aren’t so much solved as covered up by political actions aimed at alleviating market anxieties.
-
•
Remaking the Fed: A Look Back at the Banking Act of 1935
Ninety years later, every Fed decision — from raising rates to curb inflation to cutting them in a downturn — still flows through the framework created in 1935.
-
•
The Fed’s Mission Creep Under Jerome Powell
Former Fed officials are right to worry about the central bank’s independence. But they should not be surprised. Under Powell’s leadership, the Fed has drifted into the political arena.
-
•
Can the President Assassinate Suspected Criminals?
The Constitution is designed to check the power grabs of reckless men. Will Congress and the Courts defend the rule of law against an increasingly lawless executive branch?
-
•
One Big, Beautiful Tradeoff for the Fed
Raising the debt ceiling takes the Fed out of the reserve volatility frying pan—but may land it in the debt-monetization fire.
-
•
Decentralized Defense: How Ukraine’s Lean Military Outperforms Expectations
Ukraine’s Ministry of Defense buys from a competitive market of private firms. The Pentagon could do the same — if it chose innovation over incumbency.
-
•
When Family Firms Meet Market Discipline: a Lesson from ‘Tommy Boy’
Brands love to market themselves as ‘family owned,’ but as Tommy Boy comically reminds us, the only guarantee of success is satisfying consumers in a competitive marketplace.
-
•
What Shipping Containers Did for Trade, Stablecoins Can Do for Money
Stablecoins offer enormous promise for digital commerce if we codify their standard.
-
•
Escape from New York, 2025 Millionaire Edition
NYC’s highest earners are fleeing, along with $14 billion in gross income. An evacuating tax base risks taking the city’s prestige with it — to Florida.