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Featured
PBS and NPR: A Free Press Doesn’t Need a Government Budget Line
The Daily Economy“Public interest” media always sponsors a particular (state-approved) perspective at the expense of others. NPR’s voluntary donors can support a more ethical enterprise. -
Featured
What is Central Bank Independence?
ExplainersThe explainer defines central bank independence, describes its theoretical desirability, and reviews classic and contemporary studies on how central bank independence affects key macroeconomic variables. -
Featured
Trump v Powell: The Credibility Cost of Politicized Monetary Policy
The Daily EconomyPoliticians might prefer lower interest rates, but the Fed must protect its fragile post-pandemic progress on prices. Credibility is hard earned and easily lost.
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The Daily EconomyChicago Teachers’ Union president Stacy Davis Gates says the quiet part out loud. But if they were her kids, she’d be arrested for educational neglect. -
The Daily EconomyAs an erratic ‘first mover,’ Trump’s negotiation style destabilizes the nation. Game theory and public choice explain the global stakes of his individual recklessness.
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The Daily EconomyAllegedly designed to regulate stablecoins, the bill quietly allows for a de facto retail CBDC system — one implemented not by the Federal Reserve, but by the commercial banks it closely supervises.
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The Daily EconomyFreedom from coercion, not illusive freedom from scarcity or fear, will protect us from the dangerous escalation of antisemitism.
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The Daily EconomyAllowing citizens to deduct state and local taxes effectively rewards high-spending states and punishes prudence.
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The Daily EconomyMark Carney, an economist who served as the central banker of two G7 countries, is now the prime minister of Canada.
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Exploring the full range of conservative thought through conversations and debate.
There has never been conformity or unanimity among conservatives. Conservatism contains many different factions and varieties of thought. The Philadelphia Society has always been dedicated to fostering conversation. This volume is published in that spirit.
