How Milei Defused Argentina's Hyperinflation Bomb
Argentina's president restored the solvency of a bankrupt Treasury and a broken central bank.
Economics
Labor Unions Won Big on Election Day, With Ballot Initiatives and Friendly Politicians
From the East Coast to the Midwest to the West, unions are celebrating.
As Chief of Staff, Stephen Miller Will Reinforce Trump's Worst Instincts
His elevation does not bode well for anyone who hoped that Trump would moderate the policies that alienated voters in the midterm elections.
Which Way, Democrats?
Some newly elected Democrats are sounding a conciliatory note. Others are calling for immediate reprisals.
How Trump's Undermining of the Constitution Helped Cause a "Blue Tsunami"
Trump's unconstitutional policies on tariffs, the Iran War, and immigration played a big role in his party's enormous "Blue Tsunami" election defeat.
Property Tax Revolt Succeeds in Florida; Fails in Wyoming and Oklahoma
Five states approved property tax cuts—but cutting taxes is easier than cutting the cost of government.
Did the Midterm Elections Just Kill MAGA?
Plus: the GOP's uncertain future, the rise of anti-tech populism, and the road to 2028
How Did Republicans Lose This Badly? Voters Turned Against Trump's Tariffs.
It wasn't all about the war. Trump's signature economic policy is a big part of the reason why Republicans got trounced in the midterms.
How Capitalism Quietly Revolutionized Everyday Life
Virginia Postrel discusses the forgotten innovations behind modern conveniences, why discontent drives progress, and the political forces resisting change.
Russia Wants To Censor Americans. Why Are U.S. Tech Companies Helping?
The GRANITE Act could take some pressure off tech companies, who may often decide that the effort to fight foreign censorship demands just isn’t worth it.
My New Dispatch Article on the Legal Case Against Trump's Section 338 Tariffs Targeting Canadian Imports
It explains why the Section 338 tariffs are illegal, and part of a broader pattern of tariff power grabs.
New York Takes Steps Toward a Freer Cannabis Market
In a rare deregulatory win for the industry, Gov. Kathy Hochul recently killed a minimum wage board for cannabis workers.
The Dutch Government Has a DOGE-Style Plan To Cut 25,000 Jobs. Will It Work?
How the Dutch plan to deliver the savings remains unclear.
State Governments Burden Residents With Growing Debt Just Like the Feds
Spending more than one can afford is business as usual for state officeholders.
Can Milei's Success in Argentina Be Repeated Elsewhere?
Javier Milei has defeated the tyranny of the status quo.
California's Uber and Lyft Union May Just Be the Beginning
Industry-wide bargaining could erode the very flexibility that gig workers most desire.
A Libertarian Perspective on the 2026 Election
Why we should vote "Democrat by Default" for federal offices - with a few rare exceptions. I build on a post by political philosopher Dan Shapiro.
With or Without Netanyahu, Israel Will Want American Taxpayers To Keep Funding Its Wars
Benjamin Netanyahu and his challenger Gadi Eisenkot disagree on some policies, but both still expect the U.S. to provide billions of dollars in military aid.
The Midterms Offer a Choice Between Two Brands of Socialism
Democrats openly embrace socialist ideas as the GOP pushes for greater state direction of the economy.
Trump's Tariffs Are Politically Toxic
Voters hate the tariffs—and elected Republicans aren't even trying to defend the president's signature policy anymore.
Trump Exempts Some Canadian Products From Section 338 Tariffs—But His Illegal Trade War Continues
Courts should still strike down the Section 338 tariffs and import bans that remain in place.
Kalshi's CEO Wants 1 Set of Rules. The States Want 50.
Tarek Mansour argues prediction markets can police insider trading themselves, but regulators still see a gambling app.
The U.S. Tax System Gets a Middling Score
Fortunately, we do better on overall economic freedom, despite losing ground.
Peter Pan Tariffs for Companies That Never Grow Up
Against the argument for "infant industry" protectionism
France Is a Warning to California's Tax-the-Rich Crowd
The French economist pushing California's billionaire tax should instead see his country as a cautionary tale.
My Jury Duty Was a Master Class in Government Inefficiency
Some court workers work hard, and many want to help people. But they're stuck in a system where saving people's time brings them no rewards.
Are Prediction Markets Just Gambling? Kalshi CEO Responds
Kalshi CEO Tarek Mansour discusses the fight to regulate prediction markets, why ordinary people can outperform Wall Street, and the future of American capitalism.
Trump's 50% Tariffs on Canadian Goods Illegally Rely on a Superseded Statute, a Lawsuit Argues
The import taxes fit a pattern of dubious legal rationales for the president's protectionist policies.
Trump's $8 Billion Diesel Bailout Pays Farmers for a Problem He Created
The new Harvest Fuel Relief program is the latest payment to farmers squeezed by the president’s own war and tariffs.
Liberty Justice Center Files First Lawsuit Challenging Trump's Section 338 Tariffs Against Canadian Imports
The tariffs are illegal for multiple different reasons.
France's Welfare State Is Finally Imploding
Plus: Trump's tariffs lose support among his own voters, a five-day White House press secretary, and Elizabeth Warren's crusade against corporate mergers
A Months-Old Anti-Robotaxi Group Is Steering Transportation Policy From Albany to D.C.
Even though its claims about job loss and safety don't hold up, the group has convinced the likely next mayor of D.C. to slow Waymo's development.
3 Reasons To Cancel This Year's 3.6% Social Security Boost
Or at least change how the cost-of-living adjustment is calculated.
Be Prepared for Elizabeth Warren's Reign of Economic Error
The progressive Democrat, whose party may take control of the Senate, is sounding alarms over consolidation in the hot sauce business.
Some Progressives Tried To Abolish the Tipped Minimum Wage. Now They're Backtracking.
Policymakers across the country are confronting the unfortunate—and predictable—economic results of prohibiting restaurants from paying servers a lower base wage supplemented by tips.
Presumptive D.C. Mayor Janeese Lewis George Demands Halt to Waymo Legalization To Protect Drivers' Jobs
The socialist D.C. council member is wrong to assume that autonomous vehicles will reduce employment.
Bitcoin Is a Threat to Government-Controlled Money
Brazilian economist Fernando Ulrich discusses Bitcoin's challenge to state-controlled money, the AI boom's impact on crypto, and Javier Milei's economic reforms.
As D.C. Embraces State Economic Control, a Hopeful Project Seeks to Restore Free Enterprise
Government ownership of private companies threatens American prosperity.
Why Some Americans Living Abroad Would Rather Renounce Their Citizenship Than File Taxes
Most Americans who reside overseas owe the IRS nothing, but complying with U.S. financial regulations can cost them their foreign bank accounts.
To Avoid Criticizing Trump's Tariffs and War, Vivek Ramaswamy Takes on Data Centers
Republicans who want to speak to voters' anger over higher prices without criticizing the president who's caused them are in a bind.
Social Security Is Running Out of Money. Benefits Are Rising 3.6% Next Year Anyway.
Congress has yet to address a looming funding shortfall that could leave the retirement program unable to pay 22 percent of scheduled benefits by 2032.
The Federal Government Collected $5.4 Trillion. It Still Can't Pay Its Bills.
Entitlement spending, defense spending, and interest payments on the debt continue to climb.
Even Blue-Collar Workers Have Turned Against Trump's Unpopular Tariffs
A new poll shows that Americans are soundly rejecting the Trump administration's big government policies.
Trump Keeps Coming Up With Legally Dubious Tariff Justifications
Trump launched his third round of broad tariffs after his first two attempts ran into legal trouble.
Mark Cuban: 'I'd Get Rid of All Political Parties'
Billionaire entrepreneur Mark Cuban discusses breaking up Big Medicine, why he wants to abolish political parties, and how Ayn Rand shaped his views on capitalism.
MLB's Salary Cap Fight Isn't About Competitive Balance, It's About Limiting Labor Costs
Even if a small market team wins the World Series, it won’t stop the owners from wanting a salary cap.
