America's founding document started a financial revolution that reverberated around the world. Read More
The people on the Mayflower were lower middle class, and largely British. Which means they were lower middle-class arrivals from a country... Read More
Two distinctly American traits that powered the Revolution: We don't like being told what to do by our supposed betters, and we really don't... Read More
America's 250th anniversary is upon us. We are, and have always been, a great country. Indeed, the greatest the world has ever seen. Two... Read More
At 250, the country is struggling to come to terms with the world it created. Read More
The Brookings Institution is a well-respected Washington public policy think tank which claims to offer nonpartisan research promoting... Read More
Shang-Jin Wei shows that the US state has pragmatically intervened in markets and the economy since day one. Read More
Stretching Scarce Authorizing Legislation as Far as Possible: A Legislative History of the 340B Drug Pricing Program, a new research paper... Read More
Investor enthusiasm culminated in some of the worst cases of wealth destruction in the last 100 years, a long-running study... Read More
Sound familiar? Read More
John Taylor argued that government-created privilege would enrich favored interests while weakening republican self-government. Read More
The growing number of AI agents roaming the internet will eventually force us to verify what the old web mostly presumed: that there is a... Read More
Rent Control: The Ceiling Trap — why the most popular housing policy keeps failing the people it's written for. Read More
Democracy requires civic engagement – and it can sometimes seem to be falling short. But the seeds of renewal are visible, from potluck... Read More
One of the potential sources of failure is that prediction markets give more weight to people who bet more money on their forecasts. Read More
As America celebrates its 250th birthday, public polling shows many Americans are unhappy about the direction of the country and worried... Read More
Why the U.S. government’s increasing involvement in business deals is undermining our democracy. Read More
Private profits for Trump administration officials and their family members sit downstream of specific US international trade and investment... Read More
Their need to diversify the business meets the AI build out concerns... Read More
Labor's been getting the short end of the stick since 2008. Read More
How demographics and recent tax laws are squeezing Social Security. Read More
The 10 most undervalued stocks from Morningstar's Best Companies to Own list. Read More
Revisions were negative again and the household report was negative for the fifth month in a row. Read More
Markets were mixed in June after two solid monthly gains, based on a set of ETFs. Most of the major asset classes lost ground last month,... Read More
Some AI-driven indexes posted their best quarters on record as hardware names rocketed higher. Read More
Today's AI buildout resembles earlier technological revolutions and capital booms that ended in painful busts. Read More
Asset location can enhance the effectiveness of your allocation by strategically placing assets across account types to improve after-tax... Read More

This Fourth of July, Americans mark the 250th anniversary of the Declaration of Independence. The experiment it launched rests on a fundamental proposition that’s still radical today. Liberty – the freedom of individuals to choose their own destiny – is a prerequisite for a durable political and economic system. America’s capital markets reflect the same principle. Individu... Read More
The debate over government's role in the economy tends to get stuck on one question: Is the distribution of wealth fair? That's worth asking. But it skips something more fundamental. Before society can decide how wealth should be divided, it has to understand where wealth comes from in the first place. History offers a fairly consistent answer. Societies that allow individuals to make their own ec... Read More