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Lessons from the Phillips Curve
"The exploration of the Phillips Curve has taken many different paths and yet somehow ended up in the same place. The world could have been spared much of this meandering with a more firm grounding in what theory does…
Mary Seacole: The British-Jamaican Nurse Who Served Thousands of British Troops During the Crimean War—on Her Own Dime
“Do-gooder” is rarely a term of endearment. A prominent dictionary defines one as “an earnest but often naive humanitarian or reformer.” Another dictionary defines what do-gooders do as “focusing on humanitarian causes in a…
Why Progressive Taxes Are Especially Harmful to Productivity and Harm the Poor
"'Progressive' taxes impose a particularly strong disincentive for more productive work. Depriving the economy of greater productivity curtails the alleviation of poverty, and as a result disproportionately…
How Does a Region Rust Away?
"Where people cannot get jobs or find homes, they pick up and leave. Where they find homes and jobs, they stay. This is not an excuse for complacency. Many of the policies that drove industrious work away from the Rust…
The Moral Hazard Emerging From the Fed’s Response to the Failures of Silicon Valley Bank and Signature Bank
Two large regional banks failed within a period of only two days, Silicon Valley Bank (SVB) on March 10, and Signature Bank on March 12. Both banks had a combined aggregate asset size of $319 billion as of Dec. 31, 2022, with…
What Anne Frank and Dr. Christian Larson Can Teach Us about the Power of Optimism
Anne Frank may well be the most famous 15-year-old author of the 20th Century. She penned but one volume, a diary, while hiding from the Nazis during the German occupation of the Netherlands. “How wonderful it is,” she wrote,…
Honey, Joe Biden Just Shrunk Our Pension
President Joe Biden recently issued his first veto since taking office on Jan. 20, 2021. Biden rejected a bipartisan bill that would have required investment fund managers to take politics out of their investment decisions…
Honey, Joe Biden Just Shrunk Our Pension
President Joe Biden recently issued his first veto since taking office on Jan. 20, 2021. Biden rejected a bipartisan bill that would have required investment fund managers to take politics out of their investment decisions…
Is ‘Wokeism’ to Blame for Silicon Valley Bank’s Demise? No and Yes
Within days of Silicon Valley Bank’s swift and shocking collapse, a narrative formed that “wokeism” lay at the heart of the California bank’s sudden demise. It began with a Fox News appearance by Home Depot co-founder Bernie…
A Revolution in Public Transportation From A Town You Wouldn’t Expect
"It’s taken more than a hundred years for low-density cities to recognize that public transportation works far better in a point-to-point model, using private-public partnerships." ~ Craig J. Richardson
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