It’s time for the Fed to get on with raising short-term interest rates from zero

The Facebook antitrust suit is a major assault on entrepreneurs

The new antitrust actions by the Federal Trade Commission (FTC) and several states aimed at breaking up Facebook are being hailed as important for the future of competition. In fact, a victory for the agency could shut off one of the most important incentives that encourage entrepreneurs to compete and innovate.  If the FTC and the states […]

After 2020, we all need a gap year

As millions of students and their parents continue to contemplate and question the value of a COVID-era collegiate experience, there has been a lot of talk about the beloved “gap year.” Not surprisingly, thousands of U.S. college students opted to take one in the current academic year.  But soul-searching young people aren’t the only ones […]

Pfizer and BioNTech’s overlooked third partner will distribute the vaccine in China—and it’s facing some resistance

On Nov. 30, Hong Kong’s government announced a rare piece of news that was welcome in all sectors of a politically-divided city battling its fourth wave of COVID-19 infections: The vaccines are on their way. Hong Kong had purchased 7.5 million doses of a vaccine co-developed by U.S. pharmaceutical giant Pfizer and German vaccine maker […]