It represents one of the highest numbers of WARN notices since Federal Reserve Bank of Cleveland researchers started tracking the data in January 2006.

“I’d love to get the guy currently in there out...⁠ but ​people are holding ​me back,” he said, referring ‍to ⁠Fed’s Jerome Powell.

The US-controlled “Board of Peace” will rule over Gaza for at least two years, and the US will oversee a newly deployed military force in the territory.

Donald Trump’s victory in the 2024 presidential election was due in large part to his promises to pursue an America First foreign policy and rein in inflation. One year later, prices remain high, and President Trump is more focused on overseas meddling than on the American people. This has helped enable Democrats to win governor races in Virginia and New Jersey, and self-described Democratic socialist Zohran Mamdani to win the New York City mayor race by running on “affordability.”

One of my undergrad students just asked why the exchange rate notations that I use in my class are different from what he found in the financial press. I was happy for the question. At least one student who tries to square what he learns in class with what he sees with his eyes!

And I think other professors in economics and finance may be confronted with similar questions, wherefore I share his question and my response:

Good evening, Sir,

In his latest response, Professor Hülsmann does not engage with several of the central points of my argument. Instead, he focuses on two issues: my use of the term “hyperinflation” and the counterfactual question of what would have happened in Argentina if Javier Milei had closed the central bank on his first day in office.

Is building more homes not enough? Recently, there have been more and more Gen-Z memes about boomers selling their overvalued houses to BlackRock instead of to young couples, and then the corporation rents the house to the couple for 2x the price. The housing crisis is not a false alarm. The median rent price went up 25 percent in just 6 years. This is a serious economic problem for America.

The sale of US Steel to Nippon Steel prompts the question, what has happened to steel-making in the United States? The answer, in a sense, is obvious: the main source of iron ore in the United States has thinned out. From the mid 19th to the late 20th century, the United States dominated steel-making.

Most people agree that fairness is an important normative ideal. It is not always clear what is meant by fairness, but many would argue that fairness demands equal treatment, at least when it comes to deriving the rules and laws by which society is governed. Although some anarchists believe there is no need for rules governing society, other than the defense of private property rights, many people support the classical liberal ideal of equality under the law. It may therefore be helpful to clarify what is meant by equality in this context.