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Small-Business Confidence Remains Strong Amid a Tight Labor Market
Small-business confidence rose in May while job openings remain at historically high levels in April. Both are positive signs for the economy despite the high level of uncertainty caused by erratic trade policy.
READ MOREThe Fed Is Hereby Exposed as Wholly Political
If there is a bright spot to the tariff war, it’s that the Fed has definitively exposed itself as a political body, less interested in economic growth than serving the interests of power.
READ MOREWhen Did the Bank of England Become a Lender of Last Resort?
It happened sometime after the crisis of 1847.
READ MOREThe Hidden Costs of a $15 Per Hour Minimum Wage
There are a lot of ways firms and workers can adjust to higher minimum wages without anyone actually losing his or her job.
READ MORELike the Soviet Economy, American Higher Education Is Collapsing
The question is not if, but when and how reforms will come.
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