The new limits on graduate student borrowing enacted in the One Big Beautiful Bill Act (OBBB) mark a decisive shift away from the era of effectively unlimited federal lending. To understand why, it ...
Now we live in a world of uncertainty where the economic facts can change at a moment’s notice. That world would be best served by a Fed that is prepared to make early monetary policy changes when the ...
New York Governor Kathy Hochul made news recently with an interview that was at once revealing and pathetic. The revealing part was her plea for rich former New Yorkers to return so they can be taxed ...
As Operation Epic Fury finishes its sixth week and enters a two-week cease fire period, we estimate an incremental cost to date of between $25 and $35 billion.
We say that civic life is fraying. We point to distrust, fragmentation, and the steady decline of shared experience in American culture. Much of that is true. But every so often, something cuts ...
Why do economists generally seem more cautious than many folks in Silicon Valley about the potential economic impacts of artificial intelligence, especially when forecasting extreme scenarios? One big ...
If AI truly is a powerful general-purpose technology, it will eventually reshape work in profound ways as it boosts worker productivity and wages. History suggests the changes will be mostly ...
The China economy field is full of people repeating the government’s numbers and “analyzing” them. If that’s sufficient, China watchers can just project a gradual fall from 5 percent GDP growth ...
About fifteen years ago, I participated in some war games about the possibility of an attack on Iran, not unlike what now unfolds. I was on the Iran team. Our goal was to stymie the U.S. and Israeli ...
Competition involving the Gulf states and Turkey in the Horn of Africa is exacerbating preexisting African conflicts and risking a regional proxy war on both sides of the Red Sea. A new era of ...
The first year of the second Trump administration has seen dramatic changes in immigration policy, resulting in a sharp slowdown in net migration to the United States. We expect the pattern of ...
President Donald Trump’s first year of his second, nonconsecutive term brought all sorts of changes. His administration shuttered the United States Agency for International Development, had the ...
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