Prominent officials such as Treasury Secretary Janet Yellen and European Bank President Christien Lagarde tell us that the global trading system is collapsing. The International Monetary Fund has even given a new name for the policy-driven reversal of global economic integration: “geoeconomic fragmentation.” It is important to put “geoeconomic fragmentation” in historical perspective. There have
You may have heard the Biden Justice Department is suing Google in federal court for being a “monopoly.” That’s a bizarre charge given that few, if any companies in all American history have lowered prices more than Google — which provides access to information that used to take hours or days to find — with
Since President Biden issued an “Executive Order on Promoting Competition in the American Economy” two years ago, his administration has aggressively sought to combat what it sees as excessive market concentration in the U.S. economy. There is no denying that a robust competitive marketplace delivers real benefits for consumers, but the administration’s efforts have, at
This photo of the exoplanet Awohali, formerly known as GJ 436 b, shows its comet-like tail, made up of hydrogen being stripped off of the planet by its partner star, which is now named Noquisi. (Photo: NASA, ESA, STScI and G. Bacon) In a contest to name the first exoplanets to be investigated by the
The competition between Donald Trump and Ron DeSantis is intensifying as the former president is scheduling a return trip to Iowa on the same day that the Florida governor was already going to be in the state that will kick off the Republican contest for the White House. A Trump campaign official said Saturday that
Biden recently warned that America is losing its technological edge. “We used to rank number one in the world in research and development,” he said. “Now, we rank number nine. China was number eight decades ago; now they are number two. And other countries are closing in fast.” The president’s concerns are fully justified, but