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Categories World News

A Government Shutdown Is Less Scary Than Its Dysfunction-As-Usual

October 15, 2025

Government is presently “shut down” for failure of Congress to pass a budget for the start of the fiscal year. It is

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Categories World News

The Fed Cuts, but the Market Shrugs: Why Mortgage Rates Refuse to Fall

October 15, 2025

I wrote a few weeks ago about how Trump’s manipulation of the Federal Reserve would have to go much further to achieve

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Categories World News

The 2025 Nobel in Economics and the Roots of Enduring Growth

October 14, 2025

This year’s Nobel Prize in Economics recognizes groundbreaking work on how innovation, entrepreneurship, and creative destruction fuel sustained economic growth. The 2025

Categories World News

The Pandemic That Broke Our Faith in Modeling

October 14, 2025

Several incidents in the COVID pandemic’s first two years forced me to confront the uncomfortable reality that American society had cracked apart,

Categories World News

What Hamburger Helper Knows and GDP Misses

October 14, 2025

By every official measure, the economy seems to be doing well. Personal income, disposable income, and consumption expenditures all increased. GDP growth

Categories World News

Universal Childcare: Real Problem, Wrong Solution

October 13, 2025

Governor Michelle Lujan Grisham announced in September that New Mexico will become the first state in the nation to guarantee free childcare

Categories World News

Argentina’s Least-Competitive Sectors Fight Market Reforms

October 13, 2025

Almost two years ago, the enthusiasm of the 56 percent of Argentine voters who called for “Freedom” when electing Javier Milei as

Categories World News

How Not to Run a Household — or a Country

October 10, 2025

Donald and Melania Trump are eating breakfast together at Mar-a-Lago on the morning of January 21, 2029. At noon on the previous

Categories World News

How Self-Interest Civilizes Politics

October 10, 2025

Why do people vote, protest, or boycott, when their individual actions almost never change political outcomes? Economists have long emphasized that the

Categories World News

FDR and the Quashing of Free Radio

October 9, 2025

No president in American history had greater skill in the political uses of radio than Franklin Delano Roosevelt. His warm voice was

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