Founded 54 years ago, Amtrak set out on a bold adventure to revitalize passenger rail. Fast forward to today, this experiment has been unsuccessful. Politicians have often crafted routes to win votes rather than attract riders. As a result, Amtrak has been squandering taxpayer money since its start in 1971.

April 2025 marks the 50th anniversary of the publication of Yale University economist William D. Nordhaus’s “The Political Business Cycle” (April 1975) in The Review of Economic Studies.

On April 23rd, I participated in a conference at the European Parliament on the future of nuclear energy with experts from all over Europe, where I warned that, with the current energy policies, blackouts will be the norm, not a coincidence.

The shortsighted and sectarian policy of the activists who populate the government has led us to the worst blackout in the history of Spain. We have been without communication or electricity for nearly eleven hours.

Federal judge orders Trump administration to release Tufts University grad student Rumeysa Ozturk from ICE lockup.

The transatlantic slave trade has long been associated with the mass kidnapping of Africans to the Americas, but an often-overlooked chapter in this history is the enslavement and forced exile of Native Americans to the Caribbean. Among the destinations for these indigenous captives was Jamaica, a British colony central to the imperial sugar economy. During the 17th and 18th centuries, Native American prisoners—primarily captured in colonial wars in New England and the Southeastern colonies—were transported to Jamaica as slaves.

[The Price of Our Values: The Economic Limits of Moral Life by Augustin Landier and David Thesmar. (University of Chicago Press, 2025; 181pp.)]

The authors of this valuable, though flawed, book are distinguished French economists. Landier is professor of finance at HEC Paris and Thesmar is professor of finance at the MIT Sloan School of Management.

While Joseph Schumpeter and the Austrian School often find themselves at odds over fundamental questions in economic theory—particularly over value theory, capital, and the role of entrepreneurship—it would be a mistake to overlook the significant common ground they share when it comes to their diagnosis of the state and its dangerous proclivity to grow.