Economy

Note: As of the January 2026 Business Conditions Monthly (BCM) calculation, sufficient data have become available to resume publication of…

The Federal Open Market Committee (FOMC) held interest rates steady on Wednesday, keeping its target range at 3.5 to 3.75…

In late December, winter storms brought rain and snow that modestly improved California’s reservoirs and snowpack. Officials quickly cautioned, however,…

Given the bluster and nonstop chatter of today’s political class, President Calvin Coolidge, or “Silent Cal,” might be viewed as…

Adam Smith’s An Inquiry into the Nature and Causes of the Wealth of Nations is a long book. But in…

President Trump’s conflicts with Chairman Powell and with Governor Cook have obscured real shortcomings at the Federal Reserve and brought…

Artificial intelligence has become the latest excuse for reviving one of the oldest bad ideas in economic policy: a universal…

Compare this argument from President Trump on Truth Social, in January 2026, to another (perhaps the same?) made by Pierre…

At a recent Senate hearing on the fiscal outlook, legislators and budget experts said the quiet part out loud: the…

My childhood (metaphorically speaking) ended in the early 2000s, when traditional, kid-focused, Saturday morning broadcast television was fading away. Being…