Alan Reynolds Last May, I wrote a piece called “We Are Measuring Inflation All Wrong: Non‐housing Inflation Is Very Low.” That has not changed. The uniquely quirky way “shelter” costs are estimated…
Investing
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Jai Kedia Capital One recently announced plans to acquire Discover Financial Services with a $35.3 billion all‐shares transaction. The proposed merger has brought the usual suspects out of the political…
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Justin Logan The Biden administration marked the two‐year anniversary of the war in Ukraine by announcing a new round of sanctions and other economic efforts at coercing Russia. Unfortunately, the new sanctions…
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David J. Bier Several news reports indicate that in his upcoming State of the Union address, President Biden plans to announce a major executive action to “shut down the border.” This…
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Colleen Hroncich “This year’s million dollar prize for the Yass award goes to Valiant Cross Academy.” Those words, spoken by Janine Yass at the December 2023 Yass Prize Celebration, set…
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Editor's PickInvesting
The SEC’s Market Surveillance System Implicates the Fourth and Fifth Amendment Rights of Investors
Brent Skorup, Anastasia P. Boden, and Jennifer J. Schulp In this “smart” and digitized world, nearly everything we do could be captured, stored, and made accessible to the government. The…
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Patrick G. Eddington Maximum public transparency has never been achieved during prior congressional debates over the Foreign Intelligence Surveillance Act (FISA) Section 702 electronic surveillance program. In an effort to…
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Romina Boccia Since the House Budget Committee passed the Fiscal Commission Act out of committee in January, several critics have come out of the woodwork to argue against the bill.…
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Editor's PickInvesting
Should CMS Raise the Price (Reduce the Subsidy) for Academics to Use Medicare & Medicaid Data?
Michael F. Cannon The Biden administration has announced it will soon increase prices and other obstacles for academics who seek to use federal Medicare and Medicaid data. Academics are protesting…
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Paul Matzko AI’s take on an extinction‐level event. (Microsoft Copilot) Journalism has been in palliative care for quite some time now, but an already dire situation has taken a turn for…