Prohibition won’t stop gambling’s social harms. But regulations aimed at transparency could protect individual rights to informed contract, while limiting predatory platforms.
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Markets, monetary policy rules, and three Fed governors all pointed toward another rate increase. The committee chose to wait instead.
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The biggest winners from new technologies are usually the people who use them, not the people who invent them.
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Tocqueville believed liberty depended on virtue โ but he trusted free institutions, not the state, to cultivate it.
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Similar consumer products can command different prices. Critics call the pattern a “pink tax,” but it’s neither arbitrarily imposed nor impossible to avoid.
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Brexit disappointed both its critics and supporters, but Britain’s economic malaise runs much deeper than the 2016 referendum.
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If the Fed leaves rates unchanged this week, the September meeting will take on added importance.
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Preventing prices from adjusting to demand doesn’t create more stadium seats. It just hands more of the scarcity premium to resellers.
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Leading indicators improved in May, but coincident activity softened and lagging measures deteriorated sharply. The economy is still balanced, but on a narrowing base.
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Taxes claims half of middle class paychecks, leaving households with subpar public services and less disposable income.
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