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The Coronavirus Put Stock Market in Uncharted Territory

Over the past week, stock markets around the world plunged as distressing news about the spread of the novel coronavirus continued to accumulate. In the United States, the three major stock indexes—the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500—fell...

What’s Going to Put an End to the Labor Shortage?

This chart shows one of the most interesting economic outcomes of the pandemic: There are way more job openings right now than people looking for a job. We went from around 6.7 million job openings pre-pandemic to more than 10.4 million today. And back then...

Will U.S. ever put a price on carbon as part of climate change policy?

A ConocoPhillips refinery in Wilmington, California.Jonathan Alcorn | Bloomberg | Getty ImagesThe world needs to reduce carbon levels, and one way is through a carbon tax, a strategy the U.S. has been debating for decades.   With urgent calls to lower greenhouse gas emissions globally, putting a price on carbon was one of the...

Democrats put 401(k) and IRA restrictions back into Build Back Better

U.S. Speaker of the House Rep. Nancy Pelosi (D-CA) speaks as she joins religious leaders during a news conference outside the U.S. Capitol October 20, 2021 in Washington, DC.Alex Wong | Getty ImagesHouse Democrats proposed several rules to curb retirement accounts of the...