Washington responded to two crises with extraordinary monetary and fiscal interventions. Why did COVID-era stimulus produce ...

Congress rejected constitutional alternatives in favor of remaking a nation. Abroad, as at home, lawmakers cannot manufacture preferred social outcomes simp ...

The Trump administration calls economic isolation a weapon against Iran and a recipe for prosperity at home. Protectionism is ...

Imagine it’s January in New York and you’re sharing a tiny apartment with two roommates. The walls are crumbling around you, and there’s a hole in your bedroom wall big enough to see outside. Every ...

The Daily Economy is the news outlet of the American Institute for Economic Research. We publish data, stories, research, and articles touching on economics, politics ...

The financial crisis demonstrated how regulations can produce dangerous incentives — and how discretionary intervention can magnify uncertainty. Eighteen years later, policymakers remain tempted by ...

No — or at least, not by the time they finish high school. Depending on how they’re funded, a Trump Account could turn a child into a decamillionaire by retirement, or it might just be worth about ...

“A calamity ordained by Heaven may be escaped; A calamity ordained by oneself is inescapable.” So warns Shujing, the ancient Chinese Book of Documents. If only Mao Zedong had heeded this call to ...

The median household in Miami earns about $62,000 annually; homeowners with a mortgage have monthly housing costs pushing $2,900. Annualized, this equals more than half the median household income. In ...

New York City Mayor Zohran Mamdani recently announced the opening of five city-run grocery stores, which will offer goods at 30 percent below retail prices. On paper there’s no reason to oppose this — ...

Inflation has been above target for 65 months. The Fed took a first step, but to restore stability, tightening must continue. In July, the FOMC noted that inflation was elevated “in part reflecting ...