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Economics

When Family Firms Meet Market Discipline: a Lesson from ‘Tommy Boy’

The 30th anniversary of Tommy Boy was recently commemorated in Sandusky, Ohio, with the first Tommy Boy Fest. I was…

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Economics

What Shipping Containers Did for Trade, Stablecoins Can Do for Money

In 1956, a trucking entrepreneur named Malcolm McLean did something quietly radical: he placed 58 identical steel boxes onto a…

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Economics

Escape from New York, 2025 Millionaire Edition

For decades, New York City prided itself on being the financial capital of the world. It’s a place where money,…

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Economics

Chicago Public Schools Now Have a Junk Credit Rating. What’s Next? 

On August 28, 2025, Chicago Public Schools (CPS), the fourth-largest school district in the US, passed a $10.2 billion budget…

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Economics

California’s $10 Million-a-Year STEM Equity Lab Fails to Deliver

In 2018, Democratic lawmakers in California created a new bureaucratic department, in part, to “close equity and achievement gaps” at…

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Economics

A Sober Revolution Is Sweeping America — and Markets Are Responding

For the first time in Gallup’s 90-year polling history, a majority of Americans now view moderate alcohol consumption as bad…

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Economics

Money Isn’t a Measuring Stick — It’s a Messenger

Although conversations between economists are essential — sharpening our thinking, challenging assumptions, and refining concepts — it’s easy to forget…

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Economics

“You’re Fired” — The President, Lisa Cook, and the Fragility of Fed Autonomy

The Federal Reserve’s Board of Governors got a taste of The Apprentice treatment last week.  On August 25, President Trump…

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Economics

Peak Population: Prepare for a Shrinking World

Earth is going to hit “peak population” before the end of this century. Within 25 years, most of the world’s…

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Economics

Coffee Business: Beans, Houses, and the Great Enrichment

The Great Enrichment refers to substantial improvements in well-being, driven by comparatively permissive, enlightened, and liberal attitudes towards experimentation and…

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