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Oct 17, 2026
France's latest student protests reveal an uncomfortable problem in democratic politics: a relatively small number of people can impose enormous costs on society, while the...
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Oct 7, 2026
Ronald Coase once remarked, “If you torture the data enough, nature will always confess.”
Governments increasingly rely on sophisticated statistical models to justify...
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Sep 28, 2026
Financial commentary often makes monetary policy sound mechanical. The Federal Reserve raises interest rates, borrowing costs rise. The Fed cuts rates, borrowing costs fall.
History...
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Sep 25, 2026
Economic debates about inequality usually begin with a familiar question: Who has how much income?
It is an important question. But perhaps it is not the only one we should be...
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Sep 17, 2026
Economics often presents redistribution as a trade-off between efficiency and equity.
The metaphor is familiar. Markets may produce a large pie but distribute it unevenly. Government...
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Sep 9, 2026
Eight times a year, financial America stops to listen to the Federal Reserve.
Traders watch the clock. Television networks interrupt regular programming. Economists parse individual...