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Burger Chef and the McDonald’s Happy Meal: A Case Study in Creative Destruction
Joseph Schumpeter famously said that creative destruction is the “essential fact about capitalism.” Entrepreneurs are the moving force in Schumpeter’s drama, but they are victims as often as heroes. The
Why is the Fed Revising its Framework?
Federal Reserve Chair Jerome Powell is expected to release the details of the Fed’s framework review at this week’s annual Jackson Hole Economic Policy Symposium. The Fed’s framework specifies the
Why is the Fed Revising its Framework?
Federal Reserve Chair Jerome Powell is expected to release the details of the Fed’s framework review at this week’s annual Jackson Hole Economic Policy Symposium. The Fed’s framework specifies the objective of monetary policy…
Trump’s One Big Beautiful Bill Expands Pell Grants For Trade School Certificate Programs Amid Continued Labor Shortages
By Robert Romano One provision in the One Big Beautiful Bill Act expanded the use of Pell Grants for trade schools with short term certificates — between 150 and 599 clock hours at a minimum of eight weeks — that could help…
From the ‘Banter Bill’ to Bias Hotlines: The Alarming Rise of Snitch Networks
A troubling new piece of legislation continues to make its way through the British parliament. Dubbed the “Banter Bill,” the Employment Rights Bill would criminalize any speech that might be considered offensive by any…
From the ‘Banter Bill’ to Bias Hotlines: The Alarming Rise of Snitch Networks
A troubling new piece of legislation continues to make its way through the British parliament. Dubbed the “Banter Bill,” the Employment Rights Bill would criminalize any speech that might be
William Jennings Bryan vs. Carl Schurz: Lessons from the Gilded Age Money Debate
Even though the COVID-era inflation surge is in the past, Americans are right to remain concerned about the state of our money. Contention over America’s monetary policy is nothing new, however, and sound money advocates can…
William Jennings Bryan vs. Carl Schurz: Lessons from the Gilded Age Money Debate
Even though the COVID-era inflation surge is in the past, Americans are right to remain concerned about the state of our money. Contention over America’s monetary policy is nothing new,
What Krugman Got Wrong About Brazil and Crypto
In a recent column, Paul Krugman marvels at Brazil’s Pix system, a government-run digital payment network that has rapidly overtaken other non-cash methods in the country. He uses Pix to mock opponents of central bank digital…
What Krugman Got Wrong About Brazil and Crypto
In a recent column, Paul Krugman marvels at Brazil’s Pix system, a government-run digital payment network that has rapidly overtaken other non-cash methods in the country. He uses Pix to
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