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  • Economy

    A Safety Net Full of Holes

    by August 31, 2026
    by August 31, 2026

    Unemployment Insurance in the Wake of 2020 and the Path to Reform Executive Summary The following paper examines unemployment insurance…

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  • Economy

    Why Detroit Failed and Pittsburgh Recovered

    by August 31, 2026
    by August 31, 2026

    Protectionism, Economic Monoculture, and the Real Lessons of the Rust Belt Executive Summary In 1950, Detroit and Pittsburgh were among…

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  • Economy

    Sound Money, Explained

    by August 31, 2026
    by August 31, 2026

    1. Introduction: Why Sound Money Matters Money is foundational to commerce and plays a central role in everyday life. We…

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  • Economy

    Bessent vs. Druckenmiller: Bond Vigilantes versus Bond Bureaucrats

    by August 28, 2026
    by August 28, 2026

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

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  • Economy

    Housing Scapegoats Are Abundant. Starter Homes Are Scarce.

    by August 28, 2026
    by August 28, 2026

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

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  • Economy

    Put Money on It? The Social Value of Prediction Markets

    by August 28, 2026
    by August 28, 2026

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

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  • Economy

    When Paris Went Hungry Under Government Food Controls

    by August 28, 2026
    by August 28, 2026

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

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  • Economy

    America Can’t Revive Manufacturing by Shunning Robots 

    by August 28, 2026
    by August 28, 2026

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

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  • Economy

    Univ. of Michigan’s Hidden Grades Will Backfire on Students

    by August 28, 2026
    by August 28, 2026

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

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  • Economy

    The Nixon Shock 55 Years Later: Three Impossible Promises

    by August 28, 2026
    by August 28, 2026

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

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