Flight Prices Rise
Plus: AI and entitlements, a new Turing prize winner, eight donuts a day, the first trailer for Dune 3, and more...
Economics
The Federal Spending Spree Will Make the Next Economic Shock Even Worse
Growing federal debt hobbles the government’s ability to respond to crises.
Peter Navarro Promised $700 Billion in Tariff Revenue. The Actual Amount Was About $240 Billion.
That’s roughly 12 whole days of government spending.
Washington State Just Passed a 9.9% Income Tax on Those Making $1 Million
The new tax “is probably one of the biggest changes in Washington state political history since our founding,” says one state representative.
Kavanaugh Should Be Embarrassed by Trump's Praise for His Tariffs Dissent
Plus: Brian Doherty, RIP.
How Chile's Free Market Miracle Survived a Resurgent Left
Outgoing President Gabriel Boric predicted that Chile would go from being neoliberalism’s “cradle” to its “grave.” His movement got buried instead.
Tax the Rich All You Want. It Won't Fix the Deficit.
The problem is not that the government collects too little. It's that the government spends too much.
The Trump Administration Just Declared All Foreign Exports Unfair
By the administration's logic, Iowa is hurting Arizona by producing so much corn. This is a very silly way to think about economic policy.
Louisiana Requires 500 Hours of Training To Braid Hair Professionally. This Bill Would Increase It.
Many states have deregulated hair braiding, but Louisiana lawmakers want to tighten regulations by demanding more coursework, including on the ancient origins of braiding.
War Rations
Plus: Pete Hegseth spends millions on lobster tail and rib-eye steak, oil prices go for another roller-coaster ride, no inflation increase, and more...
The Federal Government's Crusade Against Anthropic Raises First Amendment Concerns
Trump administration officials openly seek to punish the AI company for its corporate philosophy.
Trump's New Tariff Plan Still Asserts a Crisis That Does Not Exist
The president’s invocation of Section 122 conflates a trade deficit with a balance-of-payments deficit.
Am I an Evil, Selfish Scalper for Selling My World Cup Tickets for a Profit?
The buyer, seller, and FIFA middleman were all happy with how the transaction went.
Liberty Justice Center Files Lawsuit Challenging Trump's Section 122 Tariffs
LJC is the group with which I worked on the IEEPA tariff case decided by the Supreme Court.
March Madness
Plus: A seventh American has been killed in the Iran conflict, the U.S. is almost certainly responsible for school strike, how Lindsey Graham helped start the war, and more...
250 Years Later, The Wealth of Nations Still Has Lessons To Offer the Political Class
Governments have yet to accept that free societies are also prosperous societies.
The 'Fairness' Law That Could Raise Grocery Prices for New Yorkers
Legislators are trying to pass their own state version of an outdated antitrust law—one that is dead at the federal level for a reason.
The Joys of Data Centers: Debunking the Backlash Against the $7 Trillion AI Building Boom
Contrary to the claims of the not-in-my-backyard technophobes, all this growth comes with minimal environmental downsides.
Do You Have a Right To Work From Home? This Australian Politician Thinks So.
A proposal in Victoria would require every business, no matter the size, to allow two days of remote work a week.
California Billionaire Wealth Tax Would Cost the State $25 Billion, New Research Finds
"If Californians approve this measure in November, they may discover too late that the wealth they hoped to tax has already left the state—with jobs and economic opportunities not far behind."
The Federal Government Was Told To Make a List of Everything It Funds. 15 Years Later, There Still Isn't One.
A sad commentary on the sprawling size and eye-watering cost of the government.
Jobs Are Down While the U.S. Spends $2 Billion a Day on War With Iran
The Bureau of Labor Statistics found that instead of adding jobs last month, the economy lost nearly 100,000.
Trump Bragged About Lower Gas Prices. Then He Bombed Iran.
You can have low gas prices or war in the Middle East, but not both.
Lawsuit: Trump's Newest Tariffs Are an 'Exercise of Completely Unrestrained Executive Power'
The lawsuit, filed by attorneys general and governors from 24 states, claims that Trump is once again trying "to usurp the taxing power that the Constitution vests in Congress."
Twenty-Four States Led by Oregon File Lawsuit Challenging Trump's Section 122 Tariffs
The massive new tariffs are illegal, just like the IEEPA tariffs previously invalidated by the Supreme Court.
After Paying Illegal Tariffs, Will Small Businesses Get a Refund? 'I'm Not Holding My Breath.'
Even if the refunds are made, business owners say they won't cover all the additional costs created by Trump's chaotic trade policies.
Trade Wars, Meet Actual Wars
Plus: Congress shrugs, a cat cafe unionizes, and Liz Wolfe checks in, and more...
US Court of International Trade Orders Refund of All Illegally Collected IEEPA Tariffs
Importantly, the Court ordered payment of refunds even to those businesses who have not filed a lawsuit to claim them.
Europe's Labor Rules Are Holding It Back
As the U.S. loosens regulations for workers, the E.U. takes the opposite approach.
This Bill in New York State Would Protect Lawyers From AI Competition
And a committee in the state Senate just unanimously approved it.
The Sanders-Khanna 'Billionaire Tax' Would Make All Americans Poorer
The senators are ignoring the predictable consequences of their wealth tax.
Anthropic Labeled a Supply Chain Risk, Banned from Federal Government Contracts
OpenAI has entered a contract with the Defense Department allowing all lawful use of ChatGPT after Anthropic refused to remove its restrictions on domestic mass surveillance and fully autonomous weapons systems.
Zohran Mamdani's $70 Million Grocery Gamble
Amid a $5.4 billion budget deficit, the mayor of New York City is pushing forward with a proposal that has historically yielded terrible results.
It's the Spending, Stupid!
The truest measure of government in our lives is the federal budget, which is out of control.
Trump Thinks Any Judge Who Rules Against Him Is in League With the 'Radical Left'
The president's wildly inaccurate ideological labels are no more meaningful than his other ad hominem attacks on people who disagree with him.
Katie Miller Is Trying To Sell MAGA on Solar Energy
Stephen Miller's wife is giving renewables a P.R. boost.
This Taxation Is Looking a Lot Like Theft
The Trump administration is trying to avoid paying refunds after illegally collecting $175 billion from its emergency tariff scheme.
National Constitution Center "We the People" Podcast About the Supreme Court Tariff Decision
I was one of the participants, along with Zach Shemtob (SCOTUSblog) and Julie SIlverbrook (NCC).
Society for the Rule of Law Podcast About the Tariff Decision
Gregg Nunziata interviewed me.
The 4 Economic Myths Powering Trump's New Tariff Push
American businesses and consumers absorbed nearly 90 percent of the 2025 tariffs' economic burden, the Federal Reserve Bank of New York found.
Trump's Tariff Troubles
Plus: Minnesota Medicaid funds, AI vs. jobs, Taylor Lorenz's libertarian moment, and more...
Peru's Marxist President Changes His Mind, Doesn't Make Hernando de Soto Prime Minister
The libertarian-leaning economist warns of the coming “Venezuelization” of Peru.
