Latest
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The Debt Limit’s Lame-Duck Test: Can Republicans Cut Spending?
Congress may raise the debt limit again, as spending surges and the deficit widens. Does fiscal restraint have any defenders left?
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Dishwashers, Dining Out, and Why We Spend the Way We Do
Why might we hesitate to buy a labor-saving appliance while routinely paying for restaurant meals? Our spending choices reflect our individual preferences and priorities.
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Starbucks Is Changing Course on Corporate Activism
Plastic straws, oat milk, and ambitious climate pledges made Starbucks a darling of corporate activism. Now the costs of those commitments are coming into focus.
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Trump’s $5,000 Offer Reveals How Washington Works
Politicians routinely promise benefits to current voters at future taxpayers’ expense. The president’s offer simply strips away the pretense.
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The Road to Serfdom Runs Through Both Parties
As both major parties embrace government ownership, look to history: socialism and political freedom have never coexisted for long.
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What Turned a Stock Market Crash into the Great Depression?
The stock market crash may have started the trouble, but Federal Reserve failures and New Deal interventions transformed a downturn into the Great Depression.
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AI and the Knowledge Problem in Higher Ed
Information isn’t expertise. Universities rushing to teach AI strategies risk promising specialized knowledge their faculty cannot deliver.
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The S&P Is Soaring, But Two-Thirds of Stocks Are Stalling
The S&P 500 promises broad exposure to American business. But with ten companies accounting for 40 percent of its value, investors may be far less diversified than they believe.
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Expectations Matter. This Year’s Economics Nobel Explains Why.
Nobel laureates helped explain how expectations shape spending decisions, inflation, and the effectiveness of economic policy. Yes, that feels obvious.
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Cook Case Tests the Limits of Fed Independence
Trump’s effort to fire a Fed governor may be political interference, but it exposes a real problem: central bankers exercise enormous power with little accountability for their mistakes.