Economic Growth
America’s $30 trillion publicly held debt is 42 times larger than it was in 1980
In 1980, America's publicly held debt reached more than $712 billion (about $2.8 trillion in 2025 dollars), or roughly 25 percent of annual U.S. gross domestic product (GDP). Today, that figure is a little over $30…
America’s $30 trillion publicly held debt is 42 times larger than it was in 1980
In 1980, America's publicly held debt reached more than $712 billion (about $2.8 trillion in 2025 dollars), or roughly 25 percent of annual U.S. gross domestic product (GDP). Today, that figure is a little over $30…
Nobel economics laureate Joel Mokyr revealed the perils of technophobia
The Royal Swedish Academy of Sciences on Monday awarded the Nobel Memorial Prize in Economic Sciences to Northwestern University professor and Reason contributor Joel Mokyr "for having identified the prerequisites for…
Trump’s tariffs have already hurt the economy—and the pain is only beginning
The U.S. economy is already feeling the effects of Trump's tariffs, and the Organization for Economic Cooperation and Development (OECD) projects that things could get worse. The OECD's biannual interim economic…
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