The Federal Reserve Was Supposed To Ease Economic Instability. Instead, It's Made It Worse.
A responsible political class would significantly reform the organization. Instead, they will likely continue to give it more power.
A responsible political class would significantly reform the organization. Instead, they will likely continue to give it more power.
In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.
Taxpayers spent about $500 million to build U.S Bank stadium, which is just seven years old.
Climate change is a problem, but the IPCC AR6 Synthesis Report is wrong to suggest that humanity is on the brink of catastrophic warming.
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
True abundance requires a minimal state and free markets.
Politicians' go-to fixes like child tax credits and federal paid leave are known for creating disincentives to work without much impact on fertility.
The U.S. remains the top destination for the world's immigrants—but it must be careful not to squander its immigration advantage.
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.
But partisans are having the wrong debate.
We’d all be better off if politicians spared us their experiments in subsidies, wages, and trade.
If lawmakers keep spending like they are, and if the Fed backs down from taming inflation, then the government may create a perfect storm.
Yes, America benefits from immigrants who can write code. But we also need ones who can swing hammers.
Fixing federal permitting rules and easing immigration policies would help companies like the Taiwan Semiconductor Manufacturing Company, which are interested in building more plants in America.
Joe Biden adopted his predecessor’s protectionism, threatening our peace and prosperity.
If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.
The U.S. Bureau of Economic Analysis reports that GDP grew 0.6 percent in the third quarter of 2022.
The idea that the Fed has the knowledge necessary to control the economy with perfectly calibrated policies was always an illusion.
The British Conservative Party can’t figure out what it wants.
Plus: The editors wade into the conversation surrounding the modern dilemmas men face.
Even reduced immigration and job openings for miles aren't luring America's ever-growing workforce dropouts back in.
Government should not penalize investment, thwart competition, discourage innovation and work, or obstruct production.
"The fact-checking industry has become a partisan arbiter of political disputes," notes Phil Magness.
Without a tenable visa pathway, immigrant entrepreneurs will look to greener pastures—and the American economy will be worse for it.
If you believe that moving most of our chip production onshore is good for national security, you should labor for regulatory reforms rather than subsidies.
On streaming and the big screen, we're paying more for less, even as new ideas seem few and far between.
Plus: Libertarian Party drama, how rent control hurts renters, and more...
America can join with more free trade or it can miss out.
Attacking big firms just for being big could drive up prices.
There is seldom any meaningful accountability for government incompetence.
Several studies have found that the vast majority of costs incurred by increased corporate taxes are passed along to workers in the form of lower wages.
Though the American economy still looks bleak, there are silver linings.
"We want to attract international entrepreneurs and investors and become a financial center for the country and region."
China's economic reforms were bottom-up, not top-down.
Researchers admit there are absolutely no current examples of low-energy societies providing a decent living standard for their citizens.
Even the president's most entrenched political opposition cannot seem to find much to engage or enrage.
And the global upper-middle class doubled.
The H-2B visa allows foreign workers to fill jobs that native-born Americans aren't interested in.
Federal policies are subsidizing people's choices to build homes in harm's way.
Biden's proposed stimulus spending might give a modest boost, but in the long run it'll slow the economy.
In a year that will be remembered for a deadly pandemic that shut down parts of the economy and cost millions of people their jobs, here's one silver lining.
Plus: Trump's best work was done by others, how that Carrier deal is looking four years later, and more...
Ten Global Trends Every Smart Person Should Know documents progress and explains why it happens.
The danger of the virus can’t be considered to the exclusion of the need for jobs and prosperity.
A new study finds that taxes on wealth reduce long-run GDP by 2.7 percent.
When COVID-19 arrived in America, Uncle Sam was already deep in debt.