Latest
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Trump v. Cook Carve-Out Leaves the Fed Above the Law
The Roberts Court restored presidential authority over executive agencies while shielding the Federal Reserve from the same rule.
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Trump v. Cook Won’t Settle the Fed’s Independence Problem
Political pressure has made it harder to distinguish sound monetary policy from strategic posturing. Congress, not SCOTUS, is empowered to change that.
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Thomas Paine’s Challenge to a Complacent America
Paine warned that complacency endangers liberty, and that only when freedom is threatened do people discover whether they are willing to defend it.
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Markets Bet on Warsh to Fight Inflation. Will the Fed Deliver?
Traders expect the Fed’s new chair to respond to accelerating inflation with higher rates. Credibility requires policy match the tough talk.
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Should Smartphones be Banned in Schools? A Look at the Research
Students react poorly at first but show improvement over time. Unfortunately, government schools are tricky places to run experiments.
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The Poverty of the UN’s Degrowth Agenda
Global initiatives promise justice through economic restraint. In practice, they would make societies poorer and opportunity scarcer.