'We're Going In'
Plus: Bombing "narco-terrorists" in the Caribbean, American manufacturing shrinks for the sixth consecutive month, Massie wants the Epstein files, and more...
Economics
The White House Says Trump's Tariffs Have Raised $8 Trillion in Revenue. That's Not Even Close.
The administration attributed the $8 trillion figure both to new investment and to tariff revenue. So which is it? Neither.
RFK Jr.'s Wild Week
Plus: The National Guard standoff in Chicago, navigating debates when you’re outnumbered, and a court ruling that could upend Trump’s tariff agenda.
GAO Report Finds 'Shrinkflation' Was Fake News
The Government Accountability Office says shrinkflation accounted for just 0.06 percentage points of inflation from 2019 to 2024.
The Rationale for the Federal Circuit's 'Radical Left' Tariff Decision Is Fundamentally Conservative
Donald Trump's claim that the appeals court ruled against him for partisan or ideological reasons is hard to take seriously.
Trump Says America Would Be 'Destroyed' if Americans Don't Pay His Tariffs
The administration says the country faces complete destruction if it's forced to pay back money it hasn't yet received.
Why the Supreme Court Might Uphold Trump's Tariffs
The Administration's arguments have more doctrinal support than some might think
How Civilizations Lose Their Spark—and How We Might Keep Ours
Golden ages teach us a lot about what makes civilizations rise and fall.
Trump Can Fire a Lot of People. What's Special About the Federal Reserve?
"The Federal Reserve is a uniquely structured, quasi-private entity," the Supreme Court wrote in a ruling this year.
'Botched' Drug Raids Show How Prohibition Invites Senseless Violence
The war on drugs authorizes police conduct that otherwise would be readily recognized as criminal.
The Federal Circuit's Tariff Ruling Highlights the Audacity of Trump's Power Grab
Seven judges agreed that the president's assertion of unlimited authority to tax imports is illegal and unconstitutional.
Help Workers by Breaking Down Barriers to Labor Mobility
Labor Day is a great time to remember that we can make workers vastly better off by empowering more of them to vote with their feet, both within countries and through international migration.
The Nearly Free Markets of Guatemala
Guatemalans don't wait for the government's permission. They build their own markets through voluntary exchange.
Capitalism in the Cracks: How Japan's Microspaces Unleash Economic Experimentation
These spaces are so small that most cities would ignore them. Tokyo doesn't.
Federal Circuit Rules Against Trump's Massive IEEPA Tariffs in Our Case Challenging Them
In a 7-4 ruling, the en banc court upheld trial court ruling against all the challenged tariffs. The scope of the injunction against them remains to be determined.
Federal Appeals Court Says Trump's Tariffs Are Unlawful, Allows Them To Remain in Place
Trump went "beyond the authority delegated to the President," the court ruled, but it vacated an injunction that could have provided immediate tariff relief to American businesses.
Trump's Tariffs and Immigration Policies Are Why Your Amazon Packages Are So Expensive and Will Take Forever
I got a pair of shoes delivered from Asia for a reasonable price. Trump just ended the exemption that makes that transaction possible.
Trump's Fed Coup
Plus: Beachy vignettes, Smithsonian scrutiny, Gavin Newsom might not be the Democrats' great new hope, and more...
Report: 28 States Now Recognize Occupational Licenses From Elsewhere
Despite improvement, significant barriers remain to working many jobs.
Bob Murphy: Are We Flirting with Fascism?
Economist Bob Murphy discusses the mounting pressure on the Federal Reserve, the implications of the government taking Intel equity, and capitalism under siege on the latest episode of Just Asking Questions.
The Real Threat to Fed Independence Isn't Trump. It's Congress' Debt Addiction.
The president's clear attempt to interfere in the Federal Reserve is not a one-off crisis.
Federal Funding for Universities Comes With Strings. Now Trump Is Pulling Them.
The potential nationalization and forced revenue sharing of university patents makes a strong case for the separation of economy and state.
Trump's Tariff Spin Is Putting Republicans in an Awkward Spot
Should they brag about raising taxes, like the White House is doing, or try to distance themselves from those same tax increases?
Fed Governor Lisa Cook's Record Is a Reminder of the Social Justice Insanity of 2020
Trump is attempting to fire a Federal Reserve board governor.
'Tariffs Will Simply Put Us All Out of Business': Trump's Trade War Is Crushing American Crafters
Tariffs are making it more expensive and inconvenient for Americans to explore their creative sides.
No, These New Studies Don't Show an AI Jobs Apocalypse Is Coming
Economists at the Federal Reserve and Stanford University recently published studies investigating how AI affects employment in different industries.
Does It Matter That Donald Trump Is Confused by Magnets?
Is this another example of Trump's inability to understand why global trade is good for America, or does it suggest something even more serious?
Trump's Furniture Tariffs Will Make It Harder To Turn Your House Into a Home
Protectionism won't save the American furniture industry, but it will increase the cost of living.
Brandon Johnson's Chicago Is a Preview of Zohran Mamdani's New York
Big city mayors' progressive ambitions are on a collision course with fiscal reality.
Trump Promised Lower Electricity Bills. His Trade War Could Drive Them Higher.
The Trump administration recently expanded its list of tariffs to include grid transformers, parts of nuclear reactors, and parts for offshore oil drilling.
Closure of Tariff Loophole for Mail, Packages Puts Millions of Everyday Transactions at Risk
European postal services are cutting off delivery to the United States, leaving entrepreneurs and consumers scrambling.
College Football Is a Fun, Glorious Mess. These 7 Changes Would Make It Even Better.
How to fix the conferences, the rules, the playoffs, and more
Is It Too Late To End the Fed?
Plus: What the new E.U. trade deal means for tariffs and prices, a listener question about Rahm Emanuel’s presidential appeal, and the FBI raids John Bolton’s home.
An Appeals Court Says the $464 Million Fine in Trump's Civil Fraud Case Violated the Eighth Amendment
The decision overturns a staggering "disgorgement" order that was based on dubious math.
Trump Says He 'Paid Zero' for the Government's $11 Billion Stake in Intel. Here's the Downside.
This is corporate socialism in a MAGA hat.
Why Europeans Have Less
It's no coincidence why Europeans don't have air conditioning, clothes dryers, or ice.
Trump's Acquisition of Stake in Intel Highlights Similiarities Between Right-Wing Nationalist and Left-Wing Socialist Economic Policies
Both are prone to promoting government planning and control of the economy, and both have common flaws.
Cracker Barrel Didn't 'Go Woke.' It Just Went Broke.
The company's value was plummeting long before it nixed the "Old Timer" from its logo.
Trump's New Trade 'Deal' With the E.U. Leaves Out Beer, Wine, Booze
The deal locks in the 15 percent tariffs that Trump has imposed on most European goods imported into the U.S., including beers and other booze that isn't made here.
Why Do So Many Jobs Require a License?
Becoming a taxidermist or hair braider shouldn't involve costly hurdles.
Powell's Last Stand
Plus: Federal bureaucracy gets a redesign, Robert Moses messing things up (still), Syrian immigrant unemployment data, and more...
Review: Detroit's Ford Rouge Factory Reveals Just How Far American Industry Has Come
The factory has changed a lot, from making Model T parts to making Mustangs to assembling electric Ford F-150s.
No, Tariffs Can't Replace Income Taxes
They are among the worst taxes imaginable—narrow, arbitrary, unstable, and regressive.
Film Subsidies Weren't Enough To Keep Marvel in Georgia
Studios certainly appreciate free money, but lower fixed costs on labor are a much better incentive than tax credits they don't use.
Trump's Deportation Goals
Plus: Elites in the media, revoking security clearances, car prices going up, and more...
Europe's Highest Bridge Was Built Without Government Subsidies
France's Millau Viaduct is an engineering marvel funded by tolls.
Trump's Rebate Plan Will Push America Toward a Hyperprogressive Tax Code
The president’s $300 billion tariff rebate plan risks replaying Bush-era giveaways—but on a scale large enough to fuel inflation and deepen the deficit.
