The labor market is tightening. Wages are rising. And yet, despite very aggressive monetary policy efforts, United States central bankers have been unable to hit their inflation target. For more than 4 straight years, the Federal Reserve’s preferred measure of inflation has been below its target of 2%....

Today’s billionaires regularly channel their wealth into traditional areas of philanthropy like education and public health. For example, Bill and Melinda Gates’ efforts include spending billions to eradicate polio and malaria, Warren Buffet has pledged to give 85% of his Berkshire Hathaway wealth to the...

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