![[Contribution] Competition Enforcers Need the Virtue of Prudence](/en/nrs-content/uploads/sites/2/nrs_media/2026/10/20261008111041002001_001.webp?v=1791591167)
Florence is not only the birthplace of the Renaissance but also the birthplace of mercantile capitalism. In the late thirteenth and fourteenth centuries, the Florentines invented “double-entry bookkeeping, marine insurance, partnership with…
![[Contribution] Forward Guidance Has Overstayed Its Welcome … the Fed's Focus Right Now Should Be on Prices](/en/nrs-content/uploads/sites/2/2026/10/20260829112520001001_002_thumb.webp?v=1791457830)
With the unchanging picture of the Tetons as our backdrop, we are here to survey an economic landscape that is anything but static. It wasn't so long ago—in the run-up to the crisis of 2008 and over the decade that followed—when economists …
![[Contribution] Deregulating in a Financial Boom: What Could Go Wrong?](/en/nrs-content/uploads/sites/2/2026/10/20260607093338001001_002_thumb.webp?v=1791445189)
The U.S. economy relies on a strong and stable banking system that extends credit to households and businesses. Today I want to share with you a few thoughts on the Federal Reserve's role in overseeing the banking system and supporting fina…
![[Contribution] Consumers Do Not Need to Understand Engine Mechanics, but They Do Need to Know the Full Price](/en/nrs-content/uploads/sites/2/2026/10/20260313164652001001_002_thumb.webp?v=1791457860)
The Commission plays a vital role in making markets work by fostering competition, facilitating consumer choice, and promoting innovation. The Trump-Vance Commission, under Chairman Ferguson's leadership, is focused on making markets work b…
![[Contribution] The Days of Unjustified Noncompete Agreements Are Over](/en/nrs-content/uploads/sites/2/nrs_media/2026/10/20261008111121002001_001.webp?v=1791591173)
As you all know, in September of last year, the FTC requested public comment on noncompete agreements. Because I believe that many noncompete agreements likely violate our antitrust laws, I asked for the public to help us identify potential…
