The Private Equity Deception
Private equity firms are a risky place to invest and their reported returns can be misleading.
The Private Equity Deception
Private equity firms are a risky place to invest and their reported returns can be misleading.
Mamdani’s Municipal Socialist Inheritance
Buried in the historical record are the vibrant currents of municipal socialism that reshaped our urban worlds more than we acknowledge or even realize.
Stablecoins: Crypto Kryptonite
Despite being called a currency, crypto lacks one of the most important characteristics that a currency (money) should have—a stable value.
September/October 2025
The Fed Versus Trump: How Much Does it Matter for Interest Rates Overall?
The Fed’s rate cut is likely to have little impact on mortgage interest rates. The reason is straightforward but rarely recognized in the abundant flow of commentary on Fed policy.
Latest
Interview: Municipal Socialism
An interview with Shel Stromquist on municipal socialism in the United States.
Driving Off a Cliff?
Donald Trump’s tariffs will make the U.S. auto industry less competitive and leave the industry out of step with the auto market's shift to EVs.
The Underestimated “Price of Parenting”
Even a low-ball estimate of the cost of time shows just how misleading an estimate based only on money expenditures really is.
More Babies or Better Care for Newborns?
Most so-called pronatalist policies seriously underestimate the costs and risks of raising children in today’s economic environment.
Trump Tariffs and Stagflation: Why TACO is the Least Bad Option
The first obvious step right now for fighting stagflation is for Trump to dump his tariff policies.
What’s Crypto Good For? Corruption, Exploitation, and Billions for Insiders
As with the subprime lending crisis, crypto appears to be more of an example of predatory inclusion than enhancing financial access.
How the Rich Got Richer
As more and more pass-through business income goes to the super-rich, the income share of the top 1% doubles.
Making America Poisoned Again
The stated rationale for jettisoning environmental protections is that they are inefficient and have “suffocated” the economy. But economic benefits must be weighed against costs, including impacts on human health.