A clay tablet from Kanesh, in what is now central Turkey, contains the founding charter of a twelve-partner trading company. Twelve merchants pooled thirty-three pounds of gold. The document specifies ...

On August 15, 1971, Richard Nixon interrupted Sunday-night television to announce the New Economic Policy. With the Vietnam War winding down, Nixon argued, the economy required federal action to ...

The White House announced last week that it is “taking steps” to ban large institutional investors from buying single-family homes. It’s unclear whether the President has legal authority to do this ...

With prices rising and nominal spending running hot, the Fed's own projections and policy rules suggest further tightening ...

Why might we hesitate to buy a labor-saving appliance while routinely paying for restaurant meals? Our spending choices reflect our individual preferences a ...

The stock market crash may have started the trouble, but Federal Reserve failures and New Deal interventions transformed a ...

As both major parties embrace government ownership, look to history: socialism and political freedom have never coexisted for ...

These days, it is commonplace for conservatives to say that government must serve the common good. That assertion is usually couched as a criticism of traditional conservative thinking since at least ...

New York City, the bastion of global capitalism, is on the verge of electing its first socialist mayor, Zohran Mamdani. Many of his socialist visions for the metropolis fail basic economics. Worst of ...

JD Vance made headlines a few weeks ago by invoking Huey Long while addressing a crowd in Middletown, Ohio. Long, a Depression-era Democratic senator and governor of Louisiana, was known for a folksy ...

State lawmakers are limiting the special advantages that let teachers’ unions lobby on the public dime. Teachers’ unions have long enjoyed access to public payroll systems and facilities that no ...

Plastic straws, oat milk, and ambitious climate pledges made Starbucks a darling of corporate activism. Now the costs of ...