The Great Chinese Oil Mystery
America’s greatest rival is single-handedly averting a global energy crisis. No one knows how the country is doing it—or why.
Economy
The AI Bubble Is No Ordinary Bubble
Tech companies need to generate huge revenues fast, or the economy could be in trouble.
A Perfectly Crude Solution to America’s Housing Shortage
If you can’t beat the NIMBYs, pay ’em.
Why Everyone Is Suddenly Talking About ‘Universal Basic Capital’
The policy could provide a much-needed hedge against a future AI dystopia—but only if it’s designed the right way.
Oil Prices Might Not Go Back to Normal Anytime Soon
There’s a big difference between reopening the Strait of Hormuz on paper and actually resuming the flow of oil through it.
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Three Ways to Think About AI and Jobs
Whether automation will make human workers obsolete depends on more than just how smart the AI is.
The TACO Equilibrium
Oil markets expect Donald Trump to end the Iran war imminently. That might be why he doesn’t.
The Economic Experiment That Upended Reality
Minimum-wage increases were expected to kill jobs. The fact that they didn’t should make us rethink a lot of assumptions.
Why Stocks Keep Going Up
The boom is not as untethered from reality as it may look.
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The One Tax the Rich Can’t Escape
New York’s proposed pied-à-terre tax is unlikely to chase anyone away.