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 ...

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 ...

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 ...

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 ...

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.

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 ...

“Designed in California, assembled in China,” reads the text etched on the back of most iPhones. For over a decade, the iPhone has exemplified China’s central role in producing the world’s electronics ...

President Donald Trump has set forth an ambitious plan to reform the federal approach to immigration policy and enforcement. This plan can broadly be categorized into two overarching goals: (1) to ...

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 ...

Unlike most 18-year-olds, Lizzie Penola arrived at Hillsdale College in the fall of 2021 with well-formed education and career objectives already set in her mind. One of seven siblings from Zionsville ...

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 ...

In the United States, it is conventional wisdom that wages have stagnated for decades. A few examples to illustrate the point: In a recent story in “The New York Times’s” Business section, an article ...