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January 22, 2024

Trade
The Curse of Nostalgia: Industrial Policy in the United States

A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

President Joe Biden signs the Inflation Reduction Act in the State Dining Room of the White House in Washington on August 16, 2022.

December 14, 2023

United States
The Humbling of Henry Kissinger

The truth is that his tenure as secretary of state was often rocky, and as full of setbacks as acclaim.

Kissinger

May 16, 2023

United States
Why Today Is Not Like the 1850s

American politics turned hyper toxic several years ago, and ever since commentators have raised the specter of a second civil war. No other historical parallel, it seems, captures so viscerally today…

Supporters of former U.S. President Donald Trump stand near Confederate and U.S. flags in Wellington, Ohio on June 26, 2021.

June 24, 2022

United States
Trump, Partisanship, and Democracy

Fifty years ago, Republicans turned on President Richard Nixon. Today, most of the party continues to stand by Trump. Why the difference? A rise in partisanship.

U.S. House Select Committee to Investigate the January 6 Attack on the United States Capitol holds public hearing in Washington

January 7, 2022

Monetary Policy
Inflation: Learning the Proper Lessons From History

Higher inflation has led to calls for price controls and a reexamination of the relationship between inflation and employment. History offers some helpful lessons.

Prices are seen displayed at a BP gas station in New York City in November 2021.

December 13, 2021

Supply Chains
What Happened to Supply Chains in 2021?

Pandemic-related disruptions threw a wrench into global supply chains this year, causing shortages of goods. Here’s how it happened.