The Curse of Ayn Rand’s Heir
Leonard Peikoff dedicated his life to promoting the author’s vision of freedom and self-determination. But at what cost?
The New Rules
Exploring the policies, people, and ideas reshaping the global economy
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The Wild Trump Theory Making the Rounds on Wall Street
QAnon for tariffs
How Republicans Learned to Love High Prices
Donald Trump’s allies have pivoted from denying that his tariffs will hurt consumers to insisting that consumers should welcome the pain.
Tesla Needs a Better Story
The car company’s fortunes are riding on Elon Musk’s future.
The Strategic Crypto Swindle
A bitcoin reserve would be a government-backed grift.
Trump’s Most Inexplicable Decision Yet
The tariffs are real, and they are spectacularly foolish.
No One Wins a Trade War
Protective tariffs risk triggering a cycle of escalation that ends well for no one.
The Job Market Is Frozen
Unemployment is low, but workers aren’t quitting and businesses aren’t hiring. What’s going on?
The Secret That Colleges Should Stop Keeping
Despite ever-higher sticker prices, the real cost of getting a degree has been going down.
DOGE Is Failing on Its Own Terms
The Trump administration’s cuts to university research grants will make America sicker and poorer in the long run.