Articles

Kevin Warsh’s call for fresh thinking at the Fed runs up against a deeper problem. The tools and concepts guiding monetary policy may no longer fit an economy reshaped by AI, shifting prices, and the fading power of interest rates.

We’ve inherited a stubborn reflex for resisting fatcats, oligarchs, profiteers, and anyone who tries to run roughshod over us.

As America marks 250 years of independence, Adam Smith is again being pressed into service as a founding myth. A deeper reading of The Wealth of Nations reveals a far richer thinker than today’s easy invocations of markets and liberty suggest.