The case for boring infrastructure
Governments love ribbon-cuttings. The better investment is usually maintenance nobody notices until it fails.
Opinion
Editorials, columns, guest essays and letters. Opinion reflects the views of its authors.
Central bank independence is worth defending, even when it is inconvenient
Insulating monetary policy from day-to-day politics has costs. Abandoning it would cost more.
An emergency fund is unglamorous, and it is the foundation everything else depends on
Chasing returns before building a cash buffer leaves households exposed to the one risk they can least afford: being forced to sell or borrow at the worst moment.
Cities should charge for road space. The fairness objections deserve answers, not dismissal
Congestion is what happens when something valuable is given away free. Pricing it would make streets work better — if the proceeds are used well.