Britains Exam Fiasco Wasnt Just AIs Fault. It…

Photographer: OLI SCARFF/AFP Photographer: OLI SCARFF/AFP When the U.K. government announced the cancellation of exams to prevent the spread of the coronavirus, there was a collective intake of breath from parents and a giant exhalation…

Ex-FBI Lawyer Pleads Guilty in Move Trump Sees…

The Federal Bureau of Investigation seal is displayed outside FBI headquarters in Washington, D.C., U.S., on Tuesday, Jan. 22, 2019. The FBI Agents Association released a report saying the lack of funding during the shutdown…

As economic forecasts worsen, up to $1 trillion…

Key takeaways: Congress should prioritize federal aid to state and local governments in the next relief and recovery legislation. New estimates show that the economic shock of the coronavirus could lead to a revenue shortfall…

What to watch on jobs day: Job losses…

Key takeaways: Job losses in the last two months likely set us back two decades. Aggregate weekly work hours will continue to fall precipitously. Don’t be misled by stronger-than-expected nominal wage growth. The unemployment rate…

Typhoon

Back around 1900, Joseph Conrad wrote “Typhoon”, one of his best novellas. I recently reread this story, 42 years after the first time, and noticed a number of observations that relate to recent events. (By…

Markets, Morality, and Mises

Somewhat unfairly, one of the most well-known Austrian economists, Ludwig von Mises, has had one part of his work largely ignored by scholars who both favor and oppose markets and exchange. Readers have long glossed…