Private credit is emerging as a key force tightening financial conditions. That feedback loop amplifies macro headwinds. Read More
The state lost an estimated $536 billion in wealth from its tax base—before the initiative even qualified for the ballot. Read More
Why democracies love taxation—and autocracies hate it. Read More
The “America First” trade agenda has destabilized the world order with little to show for it. Read More
"Central planning doesn't work because everybody has different ideas for themselves," says Ryan McMaken of the Mises Institute. Read More
It shows up everywhere but especially credit reports. Read More
The state lost an estimated $536 billion in wealth from its tax base—before the initiative even qualified for the ballot. Read More
Professor Hanson has had it with economists. We are a “doctrinaire” group of supposed scholars. We fawn over “free... Read More
Flying has become fragile: The US air-travel network, once resilient, now operates permanently on the edge of failure. Read More
Almost everywhere you look, there’s airline trouble. A tragic crash at LaGuardia Airport. Long lines at airport security. Thousands of... Read More
When failure carries no penalty, dysfunction becomes self-perpetuating. Bureaucratic incentives turn your frustrations into TSA's leverage. Read More
AI is here…and here …for finance. But it’s not that simple. Finance has built a powerful mythology around... Read More
I push back on claims that I predicted recent turmoil in private markets, clarifying that my prior work focused on long‑term issues like... Read More
The 2026 Major League Baseball season is the 151st season since the National League began play in 1876. It offers a useful way to think about... Read More
Their tactical opposition to the president's tariffs will cost them leadership on this issue Read More
Opportunities to spend other people’s money are a joy, and a fortiori when the goals being pursued are political and thus... Read More
Empower markets over bureaucrats. Allow private capital to flow. And most importantly, let builders build. Read More
“I didn’t get better on his steady dose of antibiotics, the constant pain didn’t go away — while the advice to go off... Read More
In 2020, the European Union launched its Green Deal. Six years later, investments in hydrogen-based projects have collapsed, and electricity... Read More
NEW ORLEANS, La.—Although they received millions of taxpayer dollars, it can be hard to find the offices of health service providers in the... Read More
“I am proud to announce that we have won the war—the one we’re fighting right now, indefinitely." Read More
Media negativity reigns and drains. What they don’t tell you is what matters. It’s knotty to find good news. Bad news garners... Read More
Prediction markets like Kalshi and Polymarket have become such a big thing that by now, many pundits quote the forecasts from these sources,... Read More
The fear mongering around AI today is misguided. Read More
It’s (mostly) about affordability. Read More
The U.S. is likely to get off easy, while others will bear the brunt. Read More
Especially in today's volatile times Read More
AI is driving returns in equity markets because of the growing size of tech in the S&P 500 index. Read More
Analysts say the US currency’s long-term prospects still appear weak, owing to rising debt burdens and policy uncertainty. Read More
One signal is never enough Read More
Investor allocation to the international value asset class is at historically low levels, driven largely by an underallocation to non-US... Read More
No one knows where full capitulation and maximum drawdown ultimately lie, but the conditions that accompany selling exhaustion will likely... Read More
We are monitoring the unemployment rate in the Philippines and India for any signs that AI is reducing the need... Read More
This study summarizes investment outcomes for 29,754 common stocks listed in the public U.S. stock markets over the 100-year period from 1926... Read More

It's admittedly a little early, but most notable projections believe retirees will get a similar cost-of-living adjustment, or COLA, from Social Security in 2027. According to the Senior Citizens League, the latest expectation is for a 2.8% COLA next year — the same as retirees received in 2026.... Read More
Especially in today's volatile times... Read More