8+ hour, 10+ min ago  (197+ words) Internal combustion engines empowered millions to participate in the modern economy. Restrictions on their use hit the poor hardest. Unlike the early days of the automobile, where owning a vehicle was a source of status, leisure, and thrills, it has…...

4+ hour, 4+ min ago  (195+ words) Low layoffs and low hiring have created a fragile equilibrium. The underlying picture points to drift, not true growth. For example, consider underemployment. A man desiring full-time work settling for part-time hours is still employed. A college graduate working retail…...

1+ day, 3+ hour ago  (1007+ words) Property rights are an excellent way to ensure wise stewardship of natural resources. In my home and as a foster parent, reading is a constant. In the first days and weeks of a new placement, when everything is unfamiliar and…...

1+ day, 4+ hour ago  (727+ words) The economist who predicted abundance also worried about displacement. He was only half right. In a strange sense, he worried that leisure itself might prove the harder adjustment. "For the first time since his creation," Keynes wrote, "man will be…...

2+ day, 3+ hour ago  (616+ words) By redefining inflation as consumer prices, we distort how we interpret policy, inequality, and markets. Americans often say inflation feels higher than what official statistics report. For most of economic history, inflation had a clear meaning: an increase in the…...

2+ day, 3+ hour ago  (430+ words) Streamlined regulations and fair insurance rules can make rideshares safer, more affordable, and more competitive'benefiting drivers, riders, and the broader transit system. If you've recently hitched a ride with Uber, Lyft, or any other rideshare company, chances are you spent…...

3+ day, 4+ hour ago  (848+ words) From technocrats to central planners, the temptation to engineer society persists. Adam Smith saw the dangers clearly. Adam Smith (1723-1790) is widely considered to be the father of modern economics. There were precursors, such as the School of Salamanca and the…...

3+ day, 3+ hour ago  (758+ words) Is targeting three percent of GDP a turning point, or another empty promise? Washington has a habit of changing its budget goals " not because the country solved the spending-driven debt problem, but because each goal proved harder than lawmakers were…...

6+ day, 3+ hour ago  (576+ words) Foul-mouthed and fiery, Caleb Hammer is bringing sound financial advice and personal accountability to the You Tube-Tik Tok generation. "Now my mission is to have the conversations that I wish someone had with me over a decade ago," he says…...

6+ day, 3+ hour ago  (618+ words) The tech industry's growing dependence on government contracts and its fear of a "billionaire' tax are reshaping political terrain. Whose side is Silicon Valley on anyway? That's what Secretary Hegseth may be wondering, given Anthropic's refusal to grant the US…...