Note: We have retracted a previous version of this Research Report. This is a republished version with a correction and clarification in the discussion of how financial subsidy should be calculated for equity investments. Introduction Right now, the Federal Government is rolling...
In a usual business cycle, investment in industrial equipment leads investment in manufacturing structures as businesses scale capacity up to meet demand. Today we’re seeing manufacturing investment explode upwards even as investment in equipment slows. This may be an early indication that CHIPS...
Administration Lawyers are Walking the President into a Constitutional Crisis
Many thanks to Carlos Mucha for his generous assistance. The 14th Amendment is strongly relevant to the debt ceiling, but unlike what some elected officials and journalists have...
Some are already beginning to worry about the Inflation Reduction Act “crowding out” investment by the private sector. Yet the private sector is seeing things differently. In the...
