Essays & News

  The world is becoming increasingly fragmented. This fragmentation is political, geographic, ideological and economic, and it significantly affects trade, the division of labor and capital, supply chains, investments and markets. The repercussions extend beyond business, influencing every aspect of life and posing a substantial challenge to prosperity. This trend did not start with United […]

    Well, my plan, actually Larry Kudlow, who’s a fantastic guy, I think likes my plan the most. I’m cutting taxes by about the most.   Donald J. Trump Given the deep flaws of President Donald Trump’s 2017 tax reduction act — it was not only warily tilted towards the top earners, it was […]

  Federal Reserve Governor Christopher Waller recently offered his perspective on the Fed’s balance sheet, which still stands at over $6.6 trillion. According to Waller, the issue facing the central bank is not the size of the Fed’s balance sheet but the structure of its assets — especially their duration. It’s a compelling case, and it deserves a […]

  The world is rearming. Conflicts, including potential ones, are making headlines: Ukraine, Taiwan, the Middle East. Other terrible wars on the sidelines of public attention are raging with tremendous bloodshed in Eastern Congo, Sudan and Myanmar. The Trump administration wanted to end the wars in Ukraine and the Middle East, but despite considerable effort, […]

  Technology is no longer merely a sector of the economy; it has become the economy itself. Over the last three decades, waves of digitization have woven code into every productive process, while the arrival of generative artificial intelligence promises to automate cognition itself and disrupt most industries and professions. During this period, technology companies have become […]