The Federal Reserve’s 2 percent target rate of inflation is not strictly empirically derived. Should it modify this target moving forward?

Trust in the U.S.-led economic and geopolitical order has been eroding. The Russian invasion of Ukraine and the U.S. response to it, whatever its merits, may be the last straw for the global monopoly…

California Capitalism's greatest successes are in education, health and climate.  Its greatest challenges are inequality and affordable housing.

Things usually slow down in Washington in August. Congress goes into recess, and Washingtonians who can leave town do. But this predictable lull in government activity doesn’t mean that policymaking …