States and Local Governments Are Still Sitting on Billions of Dollars of 'Emergency' COVID Relief
The Biden administration said the $350 billion bailout was urgent and necessary. Five years later, that doesn't seem true.
Economics
Politicians Want To Avoid Reforming Social Security and Medicare. You Will Pay the Price.
Inflation is a silent tax—and the most painful way to finance government promises.
The U.S. House Just Voted To Stop Trump's 'Emergency' Tariffs on Imports From Canada
But the numbers are a long way from a veto-proof majority, so Wednesday's vote may be a purely symbolic victory for free traders.
Trump Imposed 39 Percent 'Emergency' Tariffs When Switzerland Hurt His Feelings
The story is an exercise in pettiness but also a perfect reason why Congress and the Supreme Court should limit the president's power grab.
Interest on the National Debt Will Cost $16 Trillion Over the Next 10 Years
A new Congressional Budget Office outlook expects entitlement spending and the national debt to explode in the next decade.
The House Just Reclaimed Its Tariff Power From Trump. Now Congress Can Try To Strike Down His Canada Tariffs.
Three Republicans defected to vote down an arcane procedural rule that would have made it impossible for the House to vote on Trump’s tariffs until August.
Jobs Up, Federal Workers Down
Plus: Shifting goalposts on immigration and jobs, Netanyahu visits D.C., everything is fine in El Paso after all, and more...
Blame Overregulation for High Child Care Costs
Politicians like New York’s Mayor Mamdani promise to solve a problem that they created.
The Heavy Pot Taxes Favored by The New York Times Would Undermine Legalization
The newspaper’s plan to address marijuana abuse would compound the disadvantages that state-licensed suppliers face in competing with the black market.
Tariff-ied
Plus: An immigration court drops Rumeysa Ozturk's deportation case, Buddhist monks complete their "walk for peace," previously classified Nixon grand jury testimony is released, and more...
Immigration Massively Reduces Budget Deficits
A new Cato Institute study provides the most comprehensive analysis of this issue to date.
Most Americans Hate Trump's Tariffs
A new poll finds that even white men without college degrees, a key voting constituency for Trump, don’t approve of the president’s handling of the economy.
Wealth Taxes Are Proven Failures. Will California Take Note?
Across advanced economies, they have repeatedly been narrowed or even repealed after delivering disappointing revenue, tax avoidance, capital flight, and costly administrative battles.
The Private Sector Handles Hunger Better Than Mamdani Could
Polymarket’s pop-up grocery and Kalshi’s food money giveaways are the latest examples in New York’s decades-long history of food charity.
'I Think DHS Is Going To Be Shut Down for a While'
Plus: More evidence that immigrants are good for America, Trump's call to "nationalize" elections, and more...
Deploying Troops to U.S. Cities Cost Half a Billion Dollars in 2025
Maintaining a uniformed domestic security force is pricey in terms of life, liberty, and dollars.
The Super Bowl Is an Awesome Celebration of Capitalism
Plus: sports figures in the Jeffrey Epstein files, a new documentary about the Miracle on Ice, and who are readers rooting for in the Super Bowl?
Trump vs. Scalia on Sanctuary Cities and the Minneapolis Immigration Crackdown
Plus: Why is the Supreme Court’s tariff decision taking so long?
Democrats Are Flipping Trump Districts in Texas?
Plus: a partial shutdown over ICE funding, Kevin Warsh to lead the Fed, and Moltbook’s AI society
Trump Claims His Tariffs Have 'Brought America Back.' Here Are 3 Things He Got Wrong.
The president's article in The Wall Street Journal is wildly misleading.
Dumping State Income Taxes Could Mean High Sales Taxes—or an Opportunity for Smaller Government
A new report warns that some plans for replacing income tax revenue rely on unrealistic assumptions.
Superintelligent AI Is Not Coming To Kill You
If Anyone Builds It, Everyone Dies is an extreme proposal to effectively outlaw promising AI progress.
Trump's Tariff War Is Crushing American Alcohol Makers
A Canadian boycott and retaliatory trade barriers have wiped out U.S. wine and spirits sales abroad, costing American producers jobs, revenue, and entire export markets.
How Americans Are Fighting a British Censorship Invasion
A new bill in Wyoming aims to defend Americans against the U.K.’s online regulators.
Key Inflation Metric Hits 3 Percent, Despite Trump's Claim That Rising Prices Are 'Solved'
The new producer price index report complicates the administration's push for lower interest rates.
There Are No Good Reasons To Subsidize Sports Stadiums. Governments Keep Doing It Anyway.
“If we stop funding all sports stadiums tomorrow, then the world wouldn't change hardly at all," says one economist.
Trump Taps Kevin Warsh To Lead Fed
Plus: Shutdown averted? Pixar's NIMBY robot beavers, Amazon goes big on AI, and Trump wants to prop up home prices.
Free Nations Don't Have To Care About the Whims of Elected Officials
Limited government means those in power can do limited damage to the rest of us.
From Georgia's Film Subsidies to Intel's Collapse, Industrial Policy Keeps Failing
Such attempts try to engineer outcomes while acting like political favors can substitute for market incentives.
Bessent Says Construction Jobs Are Booming Under Trump's Tariffs. Government Data Show the Opposite.
Meanwhile, Trump is touting low gas prices, which are due in part to the lack of tariffs on oil and gasoline.
The Real Reason You Pay for NFL Stadiums
Economist J.C. Bradbury breaks down why taxpayer-funded stadiums are a bad idea, how team owners market them to politicians, and why another stadium building boom may be coming.
The New York Times Is Trying To Rebrand Venezuela's New Dictator as a Serious Thinker
The paper mistook enforcement collapse for market reform, and now their "cosmopolitan technocrat" is Venezuela's dictator.
What Mamdani Gets Wrong About the NYC Nurses Strike: State Regulations, Not Greed, Are the Problem
Zohran Mamdani had a chance to pursue health care reform in the New York State Assembly. He didn’t take it.
Congress Is Aiming To Avoid Another Shutdown by Spending More on Almost Everything
The bill includes $1 million for new elevators at New York City's Metropolitan Opera, among other wasteful earmarks.
The Book That Explains the Heritage Foundation Meltdown
Staffers say they were told that if they couldn't agree with these ideas they should leave. Many have.
Where Have the 'Don't Tread on Me' Republicans Gone?
Many conservatives are embracing big government, from police-state immigration tactics to socialist economic policies.
The Greenland Fiasco Shows the Stock Market Is the Ultimate Check on Trump
Economic globalization and financial markets encourage the "Trump always chickens out" (TACO) cycle. If you like peace, that’s a good thing.
The GOP Looks Increasingly Like a Home for Elizabeth Warren and Bernie Sanders
Many Republicans are now openly embracing ideas from the progressive playbook. Call them "Depublicans."
The West's Already-Messy Divorce
Mark Carney's speech, and Donald Trump's blunderbussing, foreshadow future ruptures.
The Real Reason Flying Feels Worse Today
The big lesson from the past 50 years of American air travel is that the aesthetics matter a lot less than the economics.
Flying Is Better Than in the Good Old Days, No Matter How Luxurious Those Old Photos Look
The big lesson from the past 50 years of American air travel is that the aesthetics matter a lot less than the economics.
Trump Backpedals
Plus: Behind the badge, regime change in Cuba, surrogacy controversy, and more...
Mike Johnson Says He Has 'No Intention' of Letting Congress Vote on Trump's Tariffs
A House rule prohibiting tariff resolutions from coming to the floor will expire at the end of the month and is unlikely to be renewed.
Is America Really Going to War for Greenland?
Plus: Threats of new tariffs on NATO allies, masked federal agents stir unrest in Minnesota, and Trump’s new health care proposal.
Europe's Biggest Advantage in the Showdown Over Greenland? America's Huge Pile of Debt.
America's large and growing national debt is not just a budgetary liability, but increasingly a geopolitical one too.
