Will Trump Accounts Close the Racial Wealth Gap, or Worsen It?
The investment accounts for newborns have been lauded as an innovative wealth-building program. But they might exacerbate economic inequalities instead…
The CFTC’s Word Games Legalizing Gambling
Sports betting and other gambling products masquerading as “event contracts” have exploded since Trump regained office, entirely thanks to the…
Can American Economics Change?
I’ve never attended business school or even sat in on a class. But last week, I got some sense of…
Anti-Monopoly Bill Hits Make-or-Break Moment in California
Restrictions on single-firm conduct would allow individual would-be monopolists to be sued under state law. That would include Silicon Valley–based…
Greenspan Was the Creator of His Own Disaster
Greenspan’s obituary writers want to credit him with a single, flattering flaw: He trusted markets too much. That charge is…
Crypto Industry Gets Its Way on GENIUS Act Rulemaking
Criticism continues to pour in from a group of unlikely bedfellows, namely, several prominent progressive lawmakers and banking industry groups…
New York City Wants to End Surveillance Pricing
Newly required disclosures have shown that surveillance pricing is everywhere, but they haven’t done anything to curtail the thing itself.
Nothing Is Safe From Private Equity Rollups
Private equity targets small, family-owned sectors with lots of independent suppliers, which allows consumer choice and competition based on quality,…
Trump and Bernie Agree: Let’s Own AI!
The case for having the government take co-ownership of AI—make that the *cases* for having the government take co-ownership of…
Aftermath: The Economy Is Propped Up by Government Spending
Wy has the U.S. economy not fallen off a cliff? There could be another, less-discussed factor: enormous, if quiet, support…