Steven Hill & John Menke offer a blueprint for a permanent trust capable of meeting the federal government's long-term financing needs. Read More
If Trump tries to fire the former Fed chair, it would revive doubts about central bank officials’ protection against removal by... Read More
Bonds’ recent rout has retirees wondering if fixed income still deserves a place in their portfolios. The answer? It depends. Read More
U.S. steel prices have surged, while overall manufacturing employment has fallen. Read More
The AI trade cooled and bond yields soared to multi-decade highs. Read More
Why haven't higher bond yields hurt the stock market yet? Read More
On Sept. 16, the Federal Reserve increased its target short-term interest rate by a quarter of a percentage point, which is the usual... Read More
The latest Trumpnomics data just ran over the Federal Reserve’s rate-hike karma. Growth was revised sharply upward. Core inflation came in... Read More
Since March, Vice President JD Vance has been tasked with rooting out any fraud perpetrated against the federal government. “This is a... Read More
According to one prominent news outlet, “Americans still feel worse about the economy than at almost any point in modern... Read More
Despite economy’s strength, 39% say they’re worse off than two years ago. Just 26% say they’re better off. Read More
The U.S. national debt has surpassed $40 trillion, and my Six Penny Plan aims to balance the budget within five years by cutting six pennies... Read More
Social Security’s rising costs restrain the growth of the federal government. Yes, you read that right. That’s why it would be a... Read More
Geniuses are an odd species. To paraphrase Montesquieu, the exceptional are often also a bit loony. Cornelius Vanderbilt, a devotee of... Read More
“This kind of innovation in government is just a preview of what is possible with super intelligence,” President Trump said. Read More
At the White House on Tuesday, President Trump, Speaker Mike Johnson and leaders of America's major AI companies emerged with a... Read More
A laptop glows in the pre-dawn light, balanced on a picnic blanket beside a child’s toy cup. Beyond the ridge, a bay opens like a... Read More
Here's the chart. Read More
Republicans and Democrats both love to campaign against high prescription drug prices. They just use different words to describe how... Read More
Another history lesson. Read More
Americans with upper, middle, and lower incomes are all better off today than in the 1970s or 1990s, new CBO data shows. Read More
Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialization, electricity and the... Read More
How Meta gets away with stealing your information and invading your privacy. Read More
Trillions of dollars in spending, higher interest rates, hardly any jobs Read More
The rise in bond yields is starting to carry a whiff of panic. Read More
It turns out that four things actually matter regarding your children’s future success. None arrive attached with an Ivy League label. Read More
Tech execs are begging to be regulated. Read More
Inflation is still a problem no matter how you slice and dice the data. Read More
Investment bubbles are easy to spot but timing the top is incredibly difficult. Read More
Wall Street equity analysts work in sector silos, and when you add up their forecasts, the numbers are internally inconsistent. Subscribe for... Read More
Muse and similar agentic AI assistants could soon sweep household cash automatically into accounts paying 3.3% to 5.0%, instead of the 0.1%... Read More
Discounted raw materials from allies are not the same as imported finished goods from adversaries. Read More

Social Security’s rising costs restrain the growth of the federal government. Yes, you read that right. That’s why it would be a major blunder if deficit hawks and self-proclaimed limited government proponents get their wish to reform it. Don’t let them. To see why reform would be a big mistake, consider the meaning of the projected 2032 insolvency date for Social Security. This ... Read More
Geniuses are an odd species. To paraphrase Montesquieu, the exceptional are often also a bit loony. Cornelius Vanderbilt, a devotee of spiritualism, believed himself to have communicated with the spirit of George Washington. To improve his health, Henry Ford devoured weeds, and Thomas Alva Edison was averse to bathing. The point: geniuses are an odd species, who, for all the indispensability of th... Read More