Why is Baby Formula Kept Under Lock and Key?

Inflation was Worse than We Thought

The Bureau of Economic Analysis has revised its estimates of inflation. The bad news: prices have risen faster than was previously thought.

Reaching Across the Aisle for the Bill of Rights: Learning from a Political Odd Couple

The inability, or unwillingness, to bridge the ideological divide is a hallmark of American politics. The failure is especially acute on issues

Is America Today Less Able Than In the Past to Economically “Absorb” Immigrants?

Everyone knows that, because for most of her history, America had almost no restrictions on immigration, America is overwhelmingly a nation of

How Crazy Do You Have to Be to Support Dollarization?

Wishful (Protectionist) Thinking 

If something sounds too good to be true, it probably is.  That is especially true when it comes to economic policy. Take, for

Weighing Whether the Standard Scale Makes Sense

America’s students have gone back to college. And in my case, they will soon face their first exams. That has turned my

Eyes, Shoulders, Knees, and Toes: Rebutting Robert Gordon’s ‘The Rise and Fall of American Growth’

The television series The Six Million Dollar Man follows the adventures of Steve Austin, a former pilot rebuilt from a crash using

What Should the Federal Reserve Do Now?

Inflation in the United States has fallen from its elevated levels a couple of years ago, although not quite all the way

Another Rate Hike? Let’s Not

The Federal Open Market Committee opted not to raise its interest rate target at its September 20 meeting. The range for the