Bureaucracy Without Brakes: Overregulation Closes Home-Based Garage

For 24 years, Gene Weierbach has operated his home-based car garage on his rural 16-acre property near Allentown, Pennsylvania. A…

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Playing Chicken with the Federal Budget: The Rational Stupidity of Shutdowns

“Chicken” is a game where two people, or two groups, want different things, in a context where “I win/you lose.” …

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Toxic Empathy Is Killing NYC’s Gifted Programs

Zohran Mamdani announced early this month that, should he win the New York City mayoral race, he intends to shut…

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Sow a Trade War, Harvest a Farm Crisis

Across the United States, harvesters are beginning to scythe their way through fields of crops. How well or badly the…

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How to Prove Economists Wrong About Tariffs: Never Do What You Threatened

On and shortly after Liberation Day, economists warned that tariffs would raise prices, snarl supply chains, and cut into economic…

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

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

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

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

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The 2025 Nobel in Economics and the Roots of Enduring Growth

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

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The Pandemic That Broke Our Faith in Modeling

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

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What Hamburger Helper Knows and GDP Misses

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

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