In The Sun Also Rises, when one of Hemmingway’s characters was asked how he went bankrupt, he replied “first gradually and then suddenly”. As 30-year US bond yields climb to their highest level since ...

The One Big Beautiful Bill Act ended the Grad PLUS loan program for new borrowers and replaced it with annual and aggregate limits on federal borrowing that came into effect on July 1, 2026. Students ...

Lucy, the football and the mullahs. After the Iranian regime’s ballistic missile attack on U.S. troops in Jordan, the time has come for President Donald Trump to take a good, hard look at the advice ...

The first Trump administration correctly identified the People’s Republic of China as the main trade problem. Not only has the second term been less focused, but China no longer seems to be a ...

After the passage of the One Big Beautiful Bill Act, lawmakers now have time to plan the next business tax reform. Such a reform should tax business income neutrally and eliminate the pass-through ...

Indian policymakers and analysts frequently blame the external environment for economic problems, the dramatic US-Iran war being only the most recent example. In fact, the Indian economy has not ...

With JD Vance meeting with his Iranian counterparts in Switzerland as I write this, I thought it would be a good time to look back at my April 2 analysis of Iran War costs — both to update them and ...

In 2026, according to the US Department of Agriculture’s (USDA) most recent estimates, US farmers and ranchers will receive about $55 billion in federal subsidies. A substantial share of these outlays ...

In 1975, Spain sought desperately to either hold onto the Western Saharan colony it had seized decades before or at least transform it into a proxy state by putting hand-picked leaders in charge, no ...

The China economy field is full of people repeating the government’s numbers and “analyzing” them. If that’s sufficient, China watchers can just project a gradual fall from 5 percent GDP growth ...