US stock markets have remained bullish in the face of deepening domestic and international risks, owing to three key factors. But with two
The Factors Behind US Investor Confidence
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Economics
The Supreme Court Just Sabotaged the US Economy
Contrary to conventional wisdom, the Supreme Court’s reversal of the four-decade-old “Chevron deference” doctrine is potentially one
Why Are Stocks, Gold, and the Dollar Surging?
The US stock market has been on a tear over the past two years.
The Coming US Tax Battles
The controversial 2017 Tax Cuts and Jobs Act will expire next year, spurring heated fiscal debate.
The Way Forward for Ukraine’s Economy
With sufficient assistance from the West, Ukraine will prevail over its much larger and richer authoritarian neighbor.
Britain’s “Change Election” Changes Nothing
The Labour Party, campaigning on change, secured a historic victory in the United Kingdom’s general election.
The Digital Economy’s Growing Time Tax
Digital technologies herald labor-saving breakthroughs. But in many cases they simply turn us into unpaid laborers.
Ending the Protectionist Scourge Would Benefit All
Protectionism these days is popular. It is also wrong. Free trade can remain a pathway to increased prosperity for all.
Is Private Credit Becoming the Public’s Problem?
Given the explosive growth of private credit over the past 15 years, it is understandable that regulators and central bankers are taking a
The Dangers of a US Capital Inflow Tax
This election season in the United States has brought forth many bad policy proposals.
Inflation: The Making of a Good Story
Inflation is perhaps the key topic of today’s political economy, but it is also one that is ripe for storytellers to manipulate.
A Plea for Political Economy
As markets, trade, politics, and international relations become increasingly interconnected, mainstream economics finds itself at an intellectual
Central Banks’ New-Old Inflationary Bias
While rules-based monetary policy thrived when globalization put downward pressure on inflation, the COVID-19 pandemic has revived central
How to Close the Gender Wage Gap
Gender pay parity in Iceland demonstrates that equal rights and public policy are required to achieve economic equality.
Crunch Time for the Power Sector
The grid is long overdue an upgrade. Doing so requires a public-private enterprise.
The Rise of the Finternet
Financial services must catch up with the advances made in communications since the advent of the internet and smartphones.
Don’t Fret About Green Subsidies
Governments should stop decrying each others’ green industrial policies as norm violations or dangerous transgressions of international
Why Bonds Remain Boring
The bond market has defied the pessimists, with yields remaining relatively low despite massive Federal deficits and debt levels. But there
Why Non-Compete Clauses Should Be Banned
Restrictions on labor movement imposed by non-compete clauses do far more harm than good.
Why Voters Are Unhappy About the Biden Economy
Polls indicate voters are unhappy with the US economy. Things may not be as good as the data suggest, though voter misperceptions are also
The Perils of Retirement in America
America’s retirement system is failing. It perpetuates inequality and is unlikely to serve millions of Americans in or nearing retirement.
Why Inflation (Still) Matters
A gummed up US housing market threatens the Fed’s inflation target. It could also undermine markets and President Biden’s re-election
China’s Rebalancing Imperative
It has been said before and it bears repeating: China must unleash consumption-led growth to rebalance its economy.
Why Is Europe Losing the Productivity Race?
Europe needs to accelerate the adoption of new innovations, ones that can make its economy more productive.