Should We Abolish the Federal Reserve?
Economists Lawrence H. White and Frederic Mishkin debate whether the Federal Reserve should be replaced with free market institutions.
Economists Lawrence H. White and Frederic Mishkin debate whether the Federal Reserve should be replaced with free market institutions.
Sen. Rand Paul says Republicans "have to give up the sacred cow" of military spending in order to make a deal that will address the debt ceiling and balance the budget.
The White House's idea of using Freddie Mac and Fannie Mae to adopt rent control faces numerous legal and practical hurdles.
Economists Lawrence H. White and Frederic Mishkin debate whether the Federal Reserve should be replaced with free market institutions.
The site crashed because Swift is very popular, not because antitrust enforcement is too weak.
In 1950, there were more than 16 workers for every beneficiary. In 2035, that ratio will be only 2.3 workers per retiree.
Plus: Journalism versus qualified immunity, Mississippi bill would end civil asset forfeiture, and more...
Despite an apocalyptic media narrative, the modern era has brought much longer lives and the greatest decline in poverty ever.
Despite multiple warnings in the past, the Department of Labor has yet to implement a comprehensive strategy for detecting unemployment insurance fraud.
The U.S. remains the top destination for the world's immigrants—but it must be careful not to squander its immigration advantage.
Content-generating A.I. will probably enhance human labor rather than make it obsolete.
Should an elderly grandmother be forced to hand over millions of dollars to the government for failing to file a particular form?
The former labor secretary ignores the avian flu epidemic that devastated the supply of egg-laying hens.
Joe Biden could take advantage of the expanded executive authority over trade that Donald Trump helped create.
More leaders should follow in the footsteps of Govs. Josh Shapiro, Larry Hogan, and Spencer Cox.
New survey results show that "Americans believe the K-12 education system should redirect its focus on what it means to successfully prepare American students—equipping them with practical skills that prepare them for life."
The Strategic Petroleum Reserve is supposed to insulate the U.S. from oil embargoes and foreign wars. More often, it has been used like an insurance policy for private companies.
Thousands of local, state, and federal law-enforcers have access to sensitive financial data.
The Biden administration's antitrust efforts are being shut down by judges, except for a single successful case where best-selling authors were involved.
Social Security, Medicare, and Medicaid are still the chief drivers of our future debt. But Republicans aren't touching them.
From George Santos to Joe Biden, résumé padding is unacceptable. But it's all the lies about legislation we can't afford.
While not a cure-all, universal recognition reduces the costs and time commitments of mandated training.
Despite what you may have heard, many "recyclables" sent to recycling plants are never recycled at all.
The Supreme Court has agreed to hear 94-year-old Geraldine Tyler's case challenging home equity theft.
Planners and politicians from Saudi Arabia to Scotland want to transform interconnected cities into isolated "urban villages" no one ever needs to leave.
The factory may have been a bad deal for Virginia, but tying the decision to Chinese aggression is the wrong move.
The Lords of Easy Money argues that the Fed created an economy with nearly irresistible incentives for foolish choices.
Taking stock of the utterly unserious fiscal policy discourse in Washington.
Good intentions, bad results
While some Republicans may have had misguided motivations, a few disrupted McCarthy's campaign in order to enact fiscal restraint. Their colleagues were fine with business as usual.
The Commission's lone dissenter says Congress has not charged it with regulating noncompete clauses.
Inflation fell to 6.5 percent in December, but new House rules ensure that Congress will have to consider the inflationary impact of future spending bills.
Critics say the NOTAM system creates safety hazards by overloading pilots with hard to read and superfluous information while failing to alert them to real hazards.
Data show Florida and New York had similar death numbers despite vastly different approaches.
The warning signs are flashing "don't be like China."
Economist Bryan Caplan explains how cutting back on zoning and other restrictions could create millions of new jobs for workers - on top of other beneficial effects.
The consequences of our obsession with urban dystopias and utopias
Justice Richard Bernstein said Pete Martel's hiring as clerk was unacceptable because "I'm intensely pro-law enforcement."
This week's Republican revolt against Kevin McCarthy is actually a rank-and-file revolt against the top-down process that both parties have used to control the House in recent years.
Deregulated states may spend more on transmission, but that part of the market is still heavily regulated.
The paper attributes the fight over the election of the next House speaker to "anti-establishment fervor" and a lust for "personal power."
But partisans are having the wrong debate.
We’d all be better off if politicians spared us their experiments in subsidies, wages, and trade.
The insurgent Republicans want to balance the budget, impose new barriers to immigration, and increase transparency for future earmark spending.
The Inflation Reduction Act extended tax credits for buying electric vehicles, but the requirements will put them out of reach for most customers.
Compliance could prove impossibly expensive for independent food sellers.
Sebastian Mallaby's The Power Law explores how venture capital and public policy helped shape modern technology.