Explore how the guns-and-butter curve illustrates opportunity cost and economic trade-offs between military and domestic spending, with key historical examples.

This article was originally published by the Council on Foreign Relations on Aug. 1, 2025. One of the hardest jobs of a policymaker is to weigh trade-offs. Few policies are clean, absolute, and ...

Fed Vice Chair Philip Jefferson said Monday that the evolving balance of risks-of stubborn inflation and weaker employment conditions-underscores the need to lower interest rates slowly. Jefferson's ...

Governments across both advanced and emerging market economies have increasingly rolled out new support for targeted companies and industries over the past decade and a half. Industrial policy, as ...

There's a pervasive belief in technology and business: significant innovation demands trade-offs. Want better performance? Pay more. Want sustainability? Accept compromise. This zero-sum mindset has ...

Every year, just before the Union Budget , the Government of India places b efore Parliament a document that rarely attracts the attention it deserves—the Economic Survey.

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Fed Vice Chair Philip Jefferson said Monday that the evolving balance of risks-of stubborn inflation and weaker employment conditions-underscores the need to lower interest-rate slowly. Jefferson's ...