This week Francis Crescia writes that Mark Carney’s bid to pivot Canada’s trade away from the U.S. is faltering, leaving the economy strained and alliances unsettled.

Ivan Eland discusses the downside of the neo-Monroe Doctrine and how Trump’s new National Security Strategy brings defense closer to home but risks alienating neighbors with heavy-handed tactics.

Drawing on the implications of the recent Fed meeting, Allen Gindler argues that a bureaucracy of voting officials determining the ‘price of money’ is inherently at odds with economic reality.

Scott Beyer warns that NYC Mayor‑elect Zohran Mamdani’s plan to fine and seize “bad” landlords is framed as tenant protection but it is really a slippery slope to government control of housing.

In part II of our debate on the Efficient Market Hypothesis (EMH), Caleb Petitt argues in defense of EMH: while markets may wobble, evidence shows they still price information with remarkable efficiency.

Happy reading.

Jonathan Hofer
Managing Editor