Winter 2025

Last May the United States Supreme Court annulled a “marriage.” It ordered the dissolution of a merger between the third and sixth largest supermarket chains in Los Angeles. Two weeks later, reversing a lower court decision, it reinstated the Justice …

A generation has elapsed without a general depression in the United States. For six years the economy has not even experienced a recession. Most economists are now quite ready to admit that our kind of economy can avoid depressions permanently …