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The good news is that President Javier Milei seems to be backing away from plans to dollarize the Argentine economy. That is also the bad news....
May 2024 will be remembered as the month that the AI safety movement died. It will also be remembered as the time when the work of actually making...
As the global fertility crisis continues to accelerate, so does anxiety over what to do about it. A smaller world population may be fine in the...
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Sometimes the best way to understand the future is to look to the past. Out of curiosity, I recently cracked open The American Economy in Transition...
A second Trump administration might be very different from the first, and that includes how the president treats the Fed. Donald Trump complained a...
As the summer tourism season approaches, a perennial question arises, and technology is giving it a novel twist: Is a place primarily for those who...
The Austrian economist Ludwig von Mises is having a moment, especially in Latin America. Argentine President Javier Milei admires Mises, and he has...
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The best large-language models can already write like humans, especially if prompted properly. Photos and images can be faked at low cost....
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As improvements in artificial intelligence continue apace, so do questions about how AI will influence economies, asset prices and — the question of...
Indiana’s Republican governor has just signed new law that introduces “intellectual diversity” as a standard for tenure decisions in state...
As Haiti continues its descent into chaos, the Dominican Republic continues to prosper. The two countries share the island of Hispaniola and a lot of...
Going against type, some Canadians are being very negative. A chorus of doomsayers is pointing out that by some measures, Canadian per-capita GDP is...
From both a biomedical and economic point of view, the success of the new class of weight-loss drugs is something to behold. Not only are they a...
With the US economy booming, the job market growing and inflation retreating, the consensus is near-unanimous: Bidenomics has been vindicated. Allow...
Open-source software may well be the greatest “public good” the market economy has ever produced. What it shows is the power of voluntary social...
Sora, a new service from OpenAI that produces one-minute videos in response to a textual prompt, isn’t yet available to the public. But the videos...
Some Americans like to mock France and Sweden for their high taxes. Yet California — whose economy is bigger than that of both countries — has...
Could an economic theory popularized in the 19th century revitalize 21st century Detroit? A lot of economists seem to think so, and I share their...
When it comes to artificial intelligence, I am an optimist. In fairness, this may be something of an understatement: Over the past year and a half, I...
When will the world have its first trillionaire? A recent report from Oxfam International predicts one within a decade, noting that the five...
Most students have a favorite teacher. In the future, could that teacher be … a chatbot? The answer depends in part on whether AI succeeds in...
For the billions of people around the world who live in countries that are not yet fully economically developed, I have some disturbing news: The very...
In economics as in life, success sometimes lies in knowing when to discard previous victories. I have in mind something called “political business...
I have news for you: The United States is becoming more redistributionist. Whether you like it or not. The broader historical trends show that the US...
Economists are used to the idea that intervening in concrete ways — spending on development projects, for example, or on social services — can...
Last year at this time, 85% of economists in one poll predicted a recession this year — and that was an optimistic take compared to the 100%...
Sometimes the real action is in the dog that didn’t bark. What is striking about the European Union’s pending regulations on artificial...
There is currently legislation before Congress that, if passed, could be one of the most important laws in US history. The Unidentified Anomalous...
The unexpected decline of the rate of inflation in the euro zone, to 2.4% from 10.6% a year ago, will limit the strain on European economies and lower...
The YIMBY movement has so far focused on the deregulation of the residential housing market. In California, for instance, a variety of legal changes...
Javier Milei was elected president of Argentina on the strength of a radical promise: that he would replace the highly inflationary Argentine peso...
Artificial intelligence is likely to transform our world in many ways, but one that hasn’t received much attention is the technology’s looming...
When it comes to artificial intelligence, one of the most commonly debated issues in the technology community is safety — so much so that it has...
Can a single self-published paper really refute decades of work by three famous economists? If the paper is the modestly titled “Income Inequality...
Now that congressional Democrats have relaunched an effort to ban legacy admissions at top US universities, virtually everyone can count on one thing:...
America’s rapid economic growth, which reached 4.9% in the third quarter, reflects an uncomfortable truth: The gap between the United States and the...
Every now and then an economic concept must be gracefully retired. My latest nomination for this honor is the notion of a “global rate of economic...
American workers are doing relatively well, but there is still a lot of anxiety about their plight. To many commentators, the US worker is suffering:...
All of a sudden there is a flurry of activity around artificial intelligence policy. President Joe Biden is scheduled to issue an executive order on...
Despite the continuing war in the Middle East, most markets have been relatively calm. Stock exchanges have not plunged, while volatility appears...
What do we know, and not know, about macroeconomics? My coauthor and I are currently revising our economics textbook — one of our decisions is to...
According to Gary Gensler, chair of the SEC, a market crash caused by artificial intelligence is “nearly unavoidable.” Like many other regulators,...
For many foreigners, the prevalence of athletics is one of the strangest features of the US system of higher education. America is a leader in Nobel...
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