Uncertainty is on the rise again. At least in terms of social science research, where uncertainty is getting renewed attention. This is about time, since uncertainty is an ever-present problem that we must deal with in everyday life and that has important implications for any economy. So how can we possibly understand the economy without it? Yet, economists have for many decades downplayed its role or entirely overlooked it.

The democratic socialists are back, and, as always, they’re spouting promises to make things better and more affordable by turning them into public utilities! We are all supposed to be happy that more things will be administered with the enthusiasm and efficiency of the post office or the DMV.

Yields on government debt are headed, up, up, and up. The 10-year yield is now at a 30-year high.

“When inveterate war hawk Mike Rogers suddenly declares, ‘The war in Iran needs to end—and end quickly,’ you know he’s losing—and losing badly”...

The most accessible measure of inflation in most African states, especially in Nigeria, is not a bulletin but a chalkboard. In markets across the country, sellers write prices in chalk rather than paint, because paint assumes tomorrow will resemble today. A trader repricing her stock weekly is not being opportunistic. She is doing arithmetic the currency forces on her.

“They tie up burdens that are heavy and unbearable and lay them on people’s shoulders, but they refuse to lift a finger to remove them.” — Matthew 23:4