Today, John Cochrane explains how the counterintuitive realities of interest rates and inflation present a policy pickle for the voting members of the Federal Reserve; Jon Hartley explores the economic signals sent by the California Democratic Party in officially endorsing the billionaire wealth tax ballot measure; H.R. McMaster speaks with a former prime minister of Iraq about challenges and opportunities facing a new government in that nation; and Bill Whalen writes about the “team player” of the American Revolutionary era, statesman and soldier John Dickinson.
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