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Kevin T. Frazier With July 4th looming, it’s tragically poetic that the country is again facing the question of how to constrain the exercise...
Alexander Salter and Joshua Hendrickson argue that the Fed’s actual institutional role is to backstop U.S. dollar hegemony.
Unfortunately, the Pope does not understand the role that monetary inflation plays in fueling AI’s excesses. If he did, he might lead a necessary...
Antitrust populists claimed blocking the Spirit–JetBlue merger would protect competition and consumers. But their effort led to an intervention that strengthened the very oligopoly...
Spirit Airlines is bankrupt, thanks in large part to the government’s enthusiasm for enforcing antitrust law. Contrary to common belief, however, antitrust does not...
If executed perfectly, this swap allows the Fed to neutralize a shrinking money supply by swapping $2 trillion in mortgages for $2 trillion in...