Joseph Schumpeter's concept of "creative destruction" has had a lasting impact on economic theory and policy, notably influencing our understanding of competition and regulation in markets. Schumpeter's idea, articulated in…
In July 2023, the Federal Reserve Bank (FRB) launched FedNow, a new service aimed at facilitating immediate central bank digital currency (CBDC) payments for transactions involving goods and services. This…
Immigration has become a deeply polarizing subject in the United States, particularly concerning illegal immigration at the southern border. Many Americans harbor concerns about its implications for various facets of…
In recent discussions about tariffs, several myths have surfaced that can lead to misconceptions regarding their nature and impact. One prevalent myth is that tariffs function similarly to a sales…
The discourse surrounding trade policy, particularly in relation to tariffs, has gained momentum, especially with the ongoing debates fueled by various essays and articles. A recent example is Oren Cass's…
Our cars and homes are among our most significant investments and essential components of daily life. To harness their value and ensure their longevity, maintenance and upgrades are critical. Regular…
The U.S. Environmental Protection Agency (EPA) was established through an unprecedented presidential directive rather than typical legislative action, which contributes to the complexity of its role in environmental regulation. Created…
In recent weeks, the political landscape has been shaken by Donald Trump's announcement of controversial nominees for key cabinet positions, most notably former Florida Congressman Matt Gaetz as attorney general.…
The Patient Protection and Affordable Care Act, commonly known as Obamacare, was enacted in 2010, not as an exemplary solution for the nation’s healthcare woes, but rather as a compromise…
The Popularity and Problems of Social Security Social Security is a program that enjoys widespread support among Americans, with significant majorities of both Democrats and Republicans advocating for its continuation…