We say that civic life is fraying. We point to distrust, fragmentation, and the steady decline of shared experience in American... Read More
Barry Eichengreen compares the US currency's global trajectory to that of the Roman denarius under Emperor Nero. Read More
The Federal Reserve is staring at a set of circumstances that makes its job harder than it has been in decades. Read More
Residential solar and battery storage systems can become flexible, distributed power plants that can respond to grid stress in minutes. Read More
And the US might find it hard to give them up. Read More
One weird trick could extend Social Security's solvency while reducing payments to the wealthiest households. But it doesn't go far enough. Read More
In 1934, a best-selling book called Merchants of Death made a simple and outrageous argument: that arms manufacturers had conspired... Read More
To make money in public markets, it’s the main thing to focus on now. Read More
March’s US Employment Situation Report came out Friday, and we feel bad for it. Friday was a stock market holiday, so investors and... Read More
The Master Settlement Agreement (MSA) of 1998 imposed massive financial penalties on cigarette companies and sharply restricted their... Read More
As the correlation between stocks and bonds has turned positive, many investors have questioned whether bonds still provide meaningful... Read More
War symbolizes economic decline like nothing else precisely because it’s defined by the extermination of the very people who create all... Read More
If retirement were simply a matter of desire, today would be many people's last day on the job. Unfortunately for them, it's not that simple.... Read More
Contributions to individual retirement accounts have hit a record high, driven by enthusiasm for Roth contributions and increased awareness... Read More
President Abraham Lincoln’s appointment of Gen. Ulysses S. Grant to lead the Union army, and their strategy of total war against the... Read More
If there's deal. Read More
Right now, Congressional leaders continue to wrangle over the 21st Century Road to Housing Act, a bipartisan effort to lower housing costs by... Read More
We’re witnessing something rare in today’s environment: bipartisan interest in regulating a sector of the U.S. economy. The U.S.... Read More
Europe's digital trade policies unfairly target American tech giants like Apple, Google and Meta, and a Section 301 investigation is long... Read More
The drop in mortgage interest rates reported in March, the first time in four years that rates fell below 6.0 percent, was welcome news that... Read More
San Francisco is making real progress in the fight against homelessness; Los Angeles is not. And the difference is how each city treats... Read More
For all the anxiety in the financial press about private credit — especially amid a spate of redemption headlines — much of the... Read More
Can the sheer scale of compute fix the world before it breaks it? Read More
The OpenAI CEO reportedly confuses basic coding and machine learning terms, numerous insiders have admitted. Read More
Property rights are an excellent way to ensure wise stewardship of natural resources. Read More
Shirtleeves to shirtsleeves in 3 generations is all wrong. Read More
Private market dynamics may give SpaceX advantages over typical IPOs, raising questions about fairness, access, and valuation in modern... Read More
On the high price of admission to the upper middle class and why it's making everyone worse off. Read More
We continue to view Japan as one of the more underappreciated corporate reform stories among global investors. Read More
Explore 10 wide-moat stocks to watch in 2026, including companies that look undervalued based on fundamentals and long-term growth potential. Read More
Looking for stocks that just raised their dividends? These three dividend stocks are all from companies with economic moats that we think... Read More
Our chart book (available here) looks at why gold prices have increased so much since 2022, and why they have fallen recently. Read More

If retirement were simply a matter of desire, today would be many people's last day on the job. Unfortunately for them, it's not that simple. You have to save a lot of money to retire comfortably these days, especially if you expect to retire early or live a long time.... Read More
We’re witnessing something rare in today’s environment: bipartisan interest in regulating a sector of the U.S. economy. The U.S. Senate has already cleared a bill that would severely limit investor-owned single-family rentals. When policymakers as different as Elizabeth Warren and Donald Trump are proposing similar regulations, it’s news worth paying attention to. For smart ... Read More