Care Work in the United States Has Been Broken for Years
Disruptions caused by the pandemic have revealed deep flaws in our supply chain for physical goods. Certain market failures that have been left to fester for years were suddenly exposed. But some part...
4 Maj 202349min
The White Oak Shortage That Could Ruin the Bourbon Industry
Some supply chain crises are acute. A bottleneck at the ports. A shortage of semiconductors. These can get fixed, to some extent, with concerted policy choices. But other crises are slower moving and ...
1 Maj 202347min
Why the Desire to Move Away From the Dollar Is Getting Real
There's been a lot of discussion about the possibility of "de-dollarization," or the idea that the world could move away from using the dollar as the de facto global reserve currency. Some of this des...
27 Apr 202338min
Here Are the Signs of a Slow-Moving Credit Crunch
The big headlines from March's banking crisis have receded and balances at some of the Federal Reserve's emergency lending facilities, like the discount window, are starting to fall. But if you look c...
24 Apr 202345min
Pot Lots Part 3: Righting the Wrongs of the Past
Marijuana has been legalized in a number of places in the US now, but what New York is trying to do with its legal weed market is somewhat unique. Not only is the state trying to use legalized weed to...
20 Apr 202333min
Pot Lots Part 2: The Business of Big Cannabis
In some respects, selling legalized cannabis should be like many other consumer goods business. You make a product people recognize and then sell it to as many of them as possible. But even if attitud...
20 Apr 202322min
Pot Lots Part 1: Birth of a Marijuana Market
New York City has long been seen as a holy grail for the legal weed industry, with millions of potential customers. And last year New York state started handing out licenses for its first recreational...
20 Apr 202322min
So Much of the World Economy Has Been Going in Reverse
Over time, we expect the world to get richer. Yes, there are disruptions and setbacks (and we have seen several large ones in the last few years) but the expectation is to see growth and an increase i...
17 Apr 202345min
