Floating Exchange Rates Add to Economic Uncertainty

Nobel economics laureate Robert Mundell wrote in 1998 that the dollar-euro exchange rate would go on to become “the most important price in the world.” Mundell, who was known as the father of the euro, was exactly right. Since the euro was introduced in the following...

Covid Vaccine Mandates Heighten School Inequity

By Eliza Holland and Nikki JohnsonAug. 8, 2022 6:00 pm ETMost Covid restrictions in the U.S. have long since ended, but the school districts in New Orleans and the District of Columbia are mandating Covid vaccines for children to attend school in person this fall. In...

What the Eurozone Does for Italy

The European Central Bank promised it would prevent Rome’s borrowing costs from spiraling out of control, and it looks like the bankers meant it. Data released last week highlight the subsidy the ECB already is offering for Italian borrowing, while pointing to...

Florida vs. California on Free Speech

Political debate is at the core of the First Amendment, but too often politicians seek to regulate it for election campaigns. At the federal level, the Justices have been active in striking down overweening regulations on political expression. For the latest, see this...