Even before the pandemic spending increase, the budget deficit was approaching $1 trillion. The GOP has the chance to embrace fiscal sanity this time if they can find the political will.
Immigration restrictions nearly prevented Musk from making his major contributions to economic innovation, and they do block all too many other potentially great innovators.
Market-based economies create incentives that unleash human creativity and provide incredible abundance.
But local free market economists think further currency and labor reforms will get the Argentine economy recovering faster
The paper explains how immigration restrictions severely undermine both the "negative" and "positive" economic liberty of receiving-country natives. It also adapts my analysis of this topic for a British audience.
Three American economists win Nobel Economics Prize for showing how free markets and democratic governance engender prosperity.
If the former president wins the 2024 race, the circumstances he would inherit are far more challenging, and several of his policy ideas are destructive.
Two former Republican staffers, David Stockman and Stephen Moore, debate the state of the party.
The costs of steep tariffs and a higher corporate income tax extend far beyond the advertised targets.
Housing costs, job availability, energy prices, and technological advancement all hinge on a web of red tape that is leaving Americans poorer and less free.
Economist and author Kyla Scanlon discusses inflation, economic narratives, and the housing market.
Dynamic economies operate independently of the political party of whoever was elected most recently.
Americans need a politician dedicated to unwinding decades of government interventions that have driven up the cost of middle-class living.
The New Right talks a big populist game, but their policies hurt the people they're supposed to help.
Sen. Rand Paul writes that repealing the Robinson-Patman Act would help bust inflation.
Voters should not dismiss the former president's utter disregard for the truth as a personal quirk or standard political practice.
There seems to be general bipartisan agreement on keeping a majority of the cuts, which are set to expire. They can be financed by cleaning out the tax code of unfair breaks.
"I don’t care to replace a left-wing nanny state with a right-wing nanny state," the onetime presidential hopeful said this week.
Although former President Donald Trump's deregulatory agenda would make some positive changes, it's simply not enough.
The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.
The candidate who grasps the gravity of this situation and proposes concrete steps to address it will demonstrate the leadership our nation now desperately needs. The stakes couldn't be higher.
Chevron deference, a doctrine created by the Court in 1984, gives federal agencies wide latitude in interpreting the meaning of various laws. But the justices may overturn that.
The president has tried to shift blame for inflation, interest rate hikes, and an overall decimation of consumers' purchasing power.
Reasonable options include gradually raising the minimum retirement age, adjusting benefits to reflect longer life expectancies, and implementing fair means-testing to ensure benefits flow where they're actually needed.
Why aren't politicians on both sides more worried than they seem to be?
Despite both presidential candidates touting protectionist trade policy, tariffs do little to address the underlying factors that make it difficult for U.S. manufacturers to compete in the global marketplace.
Consumer prices rose 0.4 percent in March and the annual inflation rate ticked up to 3.5 percent, the highest rate seen since September.
The growing debt will "slow economic growth, drive up interest payments," and "heighten the risk of a fiscal crisis," the CBO warns.
Plus: An interview with Montana Gov. Greg Gianforte, Minnesota lawmakers try to save Minneapolis zoning reform from excess environmental review, and the White House's new housing supply action plan.
Despite the popular narrative, Millennials have dramatically more wealth than Gen Xers had at the same age, and incomes continue to grow with each new generation.
The policy is a true budget buster and is ineffective in the long term.
The president criticized companies for selling "smaller-than-usual products" whose "price stays the same." But it was his and his predecessor's spending policies that caused the underlying issue.
Smokestack-chasing is out. A diversified economy based on environmental protection is in. But will it work?
New Congressional Budget Office data shows how higher-than-expected immigration is a win for the economy and the federal budget.
The reality raises questions about the kind of future we want to leave for the next generation.
Plus: A listener asks if libertarians are too obsessed with economic growth.
His speech in Davos challenged the growing worldwide trend of increased government involvement in economic affairs.
These are the best of times, so let's all stop complaining.
How Florida’s legacy of slow-growth laws is holding back its post-COVID boom.
The state can thank immigrants for much of its recent economic success, but now they're getting the cold shoulder.
Plus: The Reason webathon is happening right now. Donate so we can make more fun podcasts like this one!
The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.
Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.
Plus: President Joe Biden’s weird economy and Rep. Mike Johnson as the unlikely new speaker of the House of Representatives.
Especially because the once-dismissed possibility of rising rates is now a reality.
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
This progress has been widely shared, to the great benefit of the people at the bottom of the distribution.
The country's current struggles show the problems of the Beijing way—and make the case for freedom.
