Publications

While hospital monopolies raise prices, patent protections on drugs and medical equipment are a deeper driver of high health care costs and inefficiency.

Rising Chinese AI competition could lower costs and limit extreme wealth concentration, countering both US tech dominance and inequality.

The opioid crisis shows how drug patent incentives can drive harmful behavior without meaningful reform.

The Q1 GDP report shows modest growth masking deeper weaknesses, including fragile demand, rising inflation, declining manufacturing investment, and no sign of an AI-driven productivity boom.

The expected economic gains from AI should support stronger environmental regulation, but current policies are moving in the opposite direction.

Jerome Powell’s time as Fed chair is defined by a strong commitment to full employment, delivering low unemployment and rising wages while guiding inflation down with minimal economic damage.

The current AI boom shows striking similarities to the dot-com bubble, raising doubts that today’s sky-high valuations can be sustained in the face of competition and uncertain profits.

Trump’s apparent disregard for the predictable consequences of striking Iran could drive energy shocks, food crises, and widespread suffering that put millions at risk worldwide.

Consumer pessimism may stem less from economic fundamentals than from polarization and Trump supporters feeling betrayed by unmet promises.

The 2020 election result is an undisputed fact, making Warsh’s refusal to state it a revealing test of his independence.