7+ hour, 31+ min ago  (718+ words) There are dinners, and then there are moments of formation. I was fortunate to recently attend a dinner'a gathering of nearly a dozen men spanning generations, from their mid-20s to their mid-50s. It was, on the surface, an ordinary evening: conversation, laughter,…...

8+ hour, 11+ min ago  (352+ words) Keynes famously said, "When the facts change, I change my mind. What do you do, sir?" In today's world of heightened geopolitical uncertainty and overextended credit and equity markets, the Federal Reserve would do well to heed Keynes's advice and…...

8+ hour, 38+ min ago  (334+ words) This new economic reality is usually framed as a labor-market story. But it's also a story about the American economy's ability to pay its bills, fund its military, and underwrite the dollar. Also: Our ability to do big things, which…...

11+ hour, 30+ min ago  (620+ words) As Operation Epic Fury finishes its sixth week and enters a two-week cease fire period, we estimate an incremental cost to date of between $25 and $35 billion. An updated summary of cost drivers and methodology included in the posted'March 10'and'March 19'estimates…...

11+ hour, 28+ min ago  (134+ words) New York Governor Kathy Hochul made news recently with an'interview'that was at once revealing and pathetic. The revealing part was her plea for rich former New Yorkers to return so they can be taxed to support expansive state welfare programs....

1+ day, 6+ hour ago  (691+ words) By the time college students reach my classroom, much of their formation is already in place. College can refine judgment, but it rarely supplies a foundation that was never built. Which is why, when we talk about young men, we…...

1+ day, 15+ hour ago  (798+ words) We say that civic life is fraying. We point to distrust, fragmentation, and the steady decline of shared experience in American culture. Much of that is true. But every so often, something cuts against the trend'not as theory, but as…...

1+ day, 16+ hour ago  (766+ words) American universities are very good at teaching students how to analyze. They are less explicit about teaching them how to recognize excellence. That distinction matters. Students today are trained to interrogate institutions, examine structures of power, and, at their best,…...

2+ day, 6+ hour ago  (282+ words) The long-running divide has been less about direction than about timing and scale. How quickly will firms adopt AI in a deep, economy-wide way? And will the resulting disruption resemble past technological transitions or something more abrupt? Economists have generally…...

2+ day, 6+ hour ago  (270+ words) The Trump administration is attacking waste in these programs from multiple angles. To curb abuses in Medicaid, it has announced special investigations into four states (California, Maine, Minnesota, and New York) and'then followed that up by initiating a combined Medicare-Medicaid…...