Otis Chandler

A recent paper by two economists at the Federal Reserve found that Mr Trump’s targeted tariffs did not work as intended. Looking at manufacturing industries such as household appliances and car parts, they found a small jobs boost from the import protection conferred by tariffs. But this was more than offset by drags from both retaliatory tariffs... See more

The average age of first-time home buyers recently hit a modern record of 40. Just as poor people buy lotto tickets when they feel their income is “low relative to an implicit standard,” perhaps young people today are drawn to get-rich-faster schemes precisely because middle-class hallmarks, such as homeownership and children, feel like luxuries... See more