Economy

The dispute between Treasury Secretary Scott Bessent and Stanley Druckenmiller is more important than a technical disagreement over Treasury buybacks.…

On July 11, Congress passed the Twenty-First Century ROAD to Housing Act, a rare display of bipartisan action aimed at…

Many years ago I came into the habit of offering (and taking) bets on absolutely everything. Conversationally, it could be…

How does Paris get fed? Frédéric Bastiat famously explained in Economic Sophisms (1845) how market exchange reliably provisioned the (then)…

A few months ago, I was privileged to tour the Michigan steel mill where my daughter works. A month or…

Starting in fall 2027, the University of Michigan’s College of Literature, Science, and the Arts, the largest of its 19…

Economist Thomas Sowell once quipped, “The first lesson of economics is scarcity: There is never enough of anything to satisfy…

In my recent CiVL article, “Growing Out of $40 Trillion: Some Unpleasant Fiscal Arithmetic,”⁠ I estimated that merely stabilizing the…

Hours after the trade negotiations collapsed and the United States imposed a 50-percent tariff on roughly $20 billion worth of…

When my recent flight was canceled unexpectedly, Delta Air Lines, its operator, gave no reason for the cancellation, only, “Sorry…