One of the supreme engineering feats of the early 20th century, the canal has been an immense boon to shipping and of major geopolitical benefit to the United States.
The FSOC’s decision to back away from SIFI designations has major implications for the regulation of ‘shadow banking.’
If you don’t like price rationing, please explain how limited supplies of a good are to be allocated.
In an otherwise bitterly partisan political environment, two recent policy proposals from both sides of the aisle share core ideas for reforming anti-poverty programs.
One factor that is often overlooked in the debate over causes of income inequality is a shift in the distribution of working hours. The rich now work more than the poor.
The Miller-Sanders bill addresses the immediate crisis, but underlying structural defects must be corrected if we are to avoid more problems again soon.
Criticism of big data is due to three paradoxes. For starters, it's ubiquitous but hard to define.
Progressives are proposing expensive expansions of Social Security, but the retirement crisis is overblown.
The IMF is urging the ECB to implement massive quantitative easing, but such a course of action is unlikely to promote short-term economic growth and would risk creating bigger bubbles in many asset markets.
Our hodgepodge of efforts to help the uninsured have substantially reduced the incentive to buy coverage.
The 130-year-old Metropolitan Opera is under threat from unions – and philanthropists.
The battle between new smartphone-enabled 'transportation network companies' and legacy taxicabs largely mirrors the age-old war over productivity, a war that only ever has one outcome.
During the last few weeks, one’s confidence about the essential unimportance of sports has been cast into the shadows of doubt.
The current tax code denies families appropriate tax relief for work-related child care expenses. A new Senate bill would help correct this problem.
The conventional wisdom that presidents tend to suffer serious losses in Senate elections in their sixth year in office is less elucidating than it might first appear, although it does appear likely that the Democrats will lose the Senate this year.
The next time the United States is compelled to try to rescue and rehabilitate a broken nation, Washington needs to pay as much attention to building free markets as to holding free elections.
In the many reviews of Thomas Piketty's 'Capitalism in the Twenty-First Century,' there has been no careful analysis of the author's conceptual structure.
'The first self-constituted, self-declared, self-created people in the history of the world.'
The home refrigerator, a vital but modest technology, is 100 years old.
Fifty years ago, President Lyndon Johnson signed one of the most significant pieces of legislation in American history.