Wilson County Courthouse, Wilson, North Carolina. The city of Wilson, a quiet town of about 50,000 in eastern North Carolina, would not be the first place I’d look for a…
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World News
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An earlier version of this article appeared at Economic Forces. The dumbest economics discussion over the past few years — and that’s a high bar — has to go to…
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The ongoing debt-ceiling debate has brought concerns about the sustainability of US fiscal policy to the forefront of public discussion once again. While it may be tempting to blame current…
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The artistic and creative personae of a performer or composer is a manifestation of his entire life experience, everything that he has listened to, and his basic constitution, and his…
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“There is perhaps no empirical regularity among economic phenomena that is based on so much evidence, for so wide a range of circumstances,” Milton Friedman observed in 1989, “as the…
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At the start of 2023, many in the tech sector and the venture capital world were coming to terms with lost money due to the hyper-growth strategies they’d employed over…
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In my previous column I identified some illiberal policies that, although I wish these had never been put into place, I’d not now eliminate immediately with the push of a…
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As states periodically consider renewing and increasing economic development incentives, they would do well to consider the problem of the Winner’s Curse. The Winner’s Curse is a common result of…
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Though he’s best known for his powerful metaphor of “the invisible hand,” philosopher and proto-economist Adam Smith saw a role for government in setting market conditions. The founding father of…
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The Federal Open Market Committee (FOMC) moved forward with an anticipated 25-basis-point increase in its federal funds rate target on Wednesday. It no longer, however, “anticipates that ongoing increases in…
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