In Yale University ERISA Case, Plaintiffs Lose but 7th Amendment Wins
Joshua A. Katz The Seventh Amendment guarantees the right of trial by jury for “Suits at common law.” But defining when a suit is “at common law” can be surprisingly tricky. More than two hundred years after the Seventh Amendment’s enactment, the
How People Determine the Value of a Good
Why do individuals pay higher prices for some goods than others? The common reply references laws of supply and demand, but what are these laws? The answer is found in the law of diminishing marginal utility. Most economists explain this law
Crypto Clarity Is Up to Congress: Taking Stock of the Latest Lummis‐Gillibrand Bill
Jack Solowey and Jennifer J. Schulp Last Wednesday, July 12, an updated version of the Lummis‐Gillibrand Responsible Financial Innovation Act (RFIA) became public. The updated RFIA, like its predecessor, looks to tackle crypto regulation comprehensively, covering in its 274 pages major
American Compass Dystopia: The “Decline” In Investment
Norbert Michel and Jai Kedia A few weeks ago, American Compass released Rebuilding American Capitalism, A Handbook for Conservative Policymakers. This Forbes column (American Compass Points To Myths Not Facts) provided a very brief critique of the handbook’s “Financialization” chapter, and Oren Cass,
The Media and Ukraine War Coverage: Where Truth Takes a Holiday
As Ukrainian forces continue their much-hyped counteroffensive to take back contested territories in the country’s eastern and southern regions, we’re faced with conflicting coverage of the campaign. Many reports say Ukraine’s forces are struggling to break through the minefields fortifying
US Consumers Are Suffering in a Less than “Robust” Economy
Keynesian policies are damaging what they were intended to support. No example is more evident than the United States. A few years ago, in 2021, I had a conversation with Judy Shelton where she said that the recovery would be much stronger
Wind and Solar Are NOT Cheaper than Coal and Oil
In his recent address, President Joe Biden claimed that “wind and solar are already significantly cheaper than coal and oil.” This is flat-out wrong. There are many arguments that can be made for Biden’s claim. However, not only can they
2022 Arms Sales Risk Index
Jordan Cohen To promote debate and help improve U.S. decision‐making about arms sales, we created the Arms Sales Risk Index, now in its fifth year. By measuring the factors linked to negative outcomes of arms sales, such as dispersion, diversion, and