By Michael Munger
1. Introduction Public Choice is more than you think. The usual quick definition—“applying economics to the study of politics”—is not wrong, but it’s facile. Public Choice asks how political actors use information and respond to incentives. That’s a lot more th...
By Jeffrey Rogers Hummel
Judy Shelton has earned media attention for her criticisms of Federal Reserve policy. In July of 2025, during an online interview with Steve Bannon, she accused Fed chair Jerome Powell of “setting himself up as some kind of an emperor” merely because he had tentativel...