How to Spend Your City’s Money

In a system known as participatory budgeting, citizens tell the government what to do.

Silicon Valley Bank and the Dangers of Magical Thinking

The gutting of federal regulations is partially to blame for the bank’s crisis. But so is a belief, prevalent in the finance and tech worlds, that profits will come forever, and that there is little need to plan for a rainy day.

Does the President Have Control Over Inflation?

Republicans have blamed Joe Biden for inflation rates, and Biden has claimed credit for reducing them. But maybe neither is entirely deserved.