Financial
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A Rare Split at the Fed — and Why It Makes Sense
Federal Reserve policymakers are expected to trim their interest rate target by a quarter percentage point at this week’s meeting,…
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Denying the Affordability Crisis Won’t Change the Data
A new wave of public polling and media coverage suggests that the Trump administration’s claim that “there is no affordability…
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Hashtag Handcuffs: The Global Rise of Online Speech Policing
In November, South Korean President Lee Jae-myung launched a crackdown on so-called hate speech online, claiming that such speech “crosses…
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Saudi Arabia Didn’t Learn Anything From China’s ‘Ghost Cities’
You can’t build a castle on sand, and you can’t build a city on assumptions. Saudi Arabia unveiled The Line…
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Bigger Government Means Bigger Fraud: Minnesota’s Billion-Dollar Lesson in Incentives
“The fraud scandal that rattled Minnesota was staggering in its scale and brazenness,” The New York Times reported in a…
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Walter E. Williams Remembered: An Exemplar of Excellence
This week marks five years since the passing of Dr. Walter E. Williams. He had the elegance to die, at…
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What the Shutdown Taught Us about Institutional Fragility
The United States recently emerged from the longest government shutdown in its history, one that halted operations, froze budgets, and…
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Shutdown Lessons on Institutional Fragility
The United States recently emerged from the longest government shutdown in its history, one that halted operations, froze budgets, and…
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What the Economics of Envy Can’t Answer
Objections to income inequality are commonplace. We hear these today from across the ideological spectrum, including, for example, from the…
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What Uber and AirBnB Really Sell: Sharing with Transaction Costs Slashed
Americans love a garage, but we don’t park cars there. We store old bikes with bent wheels, parts of beds…
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