American capitalism is often described as a contest. Firms compete. Investors choose. Markets decide. That story, repeated so often it… Read more
Category: Finance
The Quiet Return of Taxation Without Representation
Bruce Richardson has spent a lifetime around tea. He runs Elmwood Inn Fine Teas in Danville, Kentucky, imports leaves from… Read more
America’s Most Underrated Engine of Opportunity
Evening light spills across the parking lot of a community college as classrooms begin to fill for the night. Students… Read more
Big Yellow Taxi Economics: A Letter of Gratitude to Jerome Powell
Big Yellow Taxi begins with a lament. Joni Mitchell warns that “you do not know what you’ve until it is… Read more
Understanding the National Defense Authorization Act and Why This Year Is Different
For more than six decades, the National Defense Authorization Act has been one of the quiet wonders of American governance…. Read more
An Open Letter to the WNBA and Its Stakeholders
Commissioner Engelbert, WNBPA leadership, team owners, and members of the basketball community: I am writing as a longtime supporter of… Read more
The Day the People’s House Went Dark
Congress is supposed to argue. It is supposed to debate, negotiate, and fight like hell over ideas that affect millions… Read more
The Legal and the Low-Risk: The People Insurance Markets Can’t Afford to Lose
A late October evening in Denver, and a software designer named Marcus sits at his kitchen table scrolling through his… Read more
The Big Ten’s Payday Loan
College football functions as civic ritual as much as sport. The stadiums resemble cathedrals. The rituals resemble holidays. Generations of… Read more
The Last Train to Somewhere: Chicago Has a Transit Problem. Illinois Has a Math Problem.
Chicago has always had a kinetic pulse. Stand at any Loop corner and you feel it: the steel skeleton of… Read more