Economy

An empty nurse’s station and deserted hospital corridor. As high inflation enters its third year and disinflation slowed, the impact of broad price…

Futuristic library in Stuttgart, Germany. 2016. As the economic historians Joel Mokyr, Chris Vickers, and Nicolas L. Ziebarth put it in the Journal…

A woman sweeps the sidewalk in front of a closed small family business in Cairo, Illinois. 2020. I don’t quite buy the facile…

Interior of the Supreme Court of the United States. 2018. Moore v. United States was supposed to be the “wealth tax” case because…

A roadside welcome to sign marks the transition from Spokane, Washington into Post Falls, Idaho. Just-released numbers from two federal agencies, the Bureau…

The Federal Reserve is trying to engineer a gradual disinflation. It is getting outright deflation. The Bureau of Labor Statistics reported that the…

This paper investigates the case for abolishing zoning. Recent arguments for zoning abolition maintain that local governments can adequately regulate land use without…

America has a long history of seeking access to global markets to buy and sell goods and services. Yet trade policy has always…

Leaders in business, government, and finance have increasingly imposed Environmental, Social, and Governance (ESG) criteria on the rest of society. These top-down restrictions…

President Calvin Coolidge, less than two weeks after the death of Warren Harding. 1924. A century ago, the American marketplace of ideas provided…