Trade Wars That Never Happen Still Have Costs
One CEO says the uncertainty created by Trump's chaotic trade policies is "reminiscent of the adjustments we had to make during Covid-19."
Economics
California Teachers Make 6 Figures on Average. Now They Demand More.
Plus: Steel and aluminum tariffs, Venezuelan sanctions and deportations, and more...
Trump's Labor Secretary Pick Is a Union Favorite—and a Threat to Right-to-Work Laws
Lori Chavez-DeRemer’s record shows a troubling pattern of undermining workplace freedom and expanding federal control over state labor policies.
Javier Milei Ended Rent Control. Now the Argentine Real Estate Market Is Coming Back to Life.
"The effects were immediately seen by everyone and they were all beneficial," says the former vice president of Argentina's central bank.
Today's Migrants Are Just like Your Immigrant Great-Grandparents
Nearly 40 percent of Americans have at least one ancestor who entered the U.S. through Ellis Island. However, today's migrants may be shut out and deported, a humanitarian tragedy that would profoundly damage the U.S. economy.
Washington's Debt Delusion: Economic Growth Cannot Fix the Deficit
Republicans are betting trillions on the hope that the economy will grow fast enough to cover their deficit spree.
Trump's Tariffs Require Customs Agents To Check All Mail from China
Eliminating tariff exemptions will increase import delivery times and make direct-to-consumer goods more expensive.
This Trump Appointee Could Bring Fiscal Sanity to the White House
"Personnel is policy" has shaped past administrations. Kevin Hassett, who has been tapped to lead the National Economic Council, will have a hand in tax reform, debt reduction, and more.
America Is Going Broke. Will the Department of Government Efficiency Help?
Eliminating the deficit requires cutting the biggest spending—defense, Medicare, Social Security. So far, Trump says he won't touch those.
Trump's Tariff Threats Can't Win the Unwinnable War on Drugs
After promising to stop the flow of drugs during his first term, the president blames foreign officials for his failure.
Here Is How Trump Can Falsely Claim His Tariff Threats Helped Win the Drug War
The president can cite meaningless "adequate steps," ambiguous drug seizure numbers, and a decline in drug deaths that began before he took office.
Trump's Tariff Power Grab May not be Over
Yesterday's deals with Canada and Mexico stopped the trade war for now. But Trump may yet return to asserting sweeping authority to impose whatever tariffs he wants.
Trump's Trade War Will Make Energy More Expensive
From gasoline to nuclear power, tariffs will hurt America's energy sector.
Trump's North American Trade War Accomplished Nothing
Canada and Mexico agreed to keep doing things they were already doing, and Trump revealed that he cannot be trusted with unilateral tariff power.
The European Commission's (Anti)Competitiveness Compass
The European Union doesn’t need a five-year plan—it needs free markets.
Trump's Dumb Trade War
Plus: A listener asks the editors about the implications of Trump personally suing CBS to obtain transcripts from an interview with Kamala Harris.
Trump's Theory of Tariffs Makes No Sense
We can tax our way to prosperity, Trump claims, but we'll just…not do that, I guess?
Challenge Trump's Tariffs Under the Nondelegation and Major Questions Doctrines
Recent Supreme Court precedent suggests such challenges might prevail, though success is not guaranteed.
Trump's 'Big, Beautiful Bill' Sets Up Another GOP Budget Showdown
Almost exactly one year after Congress swore off self-inflicted fiscal crises, we're back to the same tired theatrics.
Tariffs on Canada, Mexico, and China Could Start This Weekend
Trump's second trade war has apparently arrived. There remains much uncertainty, but expect it to be costly.
Trump's Role Model McKinley Tariffed His Way to Imperialism
Reviving the Monroe Doctrine and 19th century Republican adventurism is not a shortcut to peace.
The Government Says Money Isn't Property—So It Can Take Yours
In a jaw-dropping argument, the Department of Justice claims seizing $50,000 from a small business doesn’t violate property rights because money isn’t property.
DOGE's Big Challenge: Americans Who Hate Inefficiency but Love Bloated Government
The public worries about corruption and bureaucracy, but many want more of the same.
Trump's Pro-Growth, Anti-Trade Positions Are on a Collision Course
The stark disconnect not only runs the risk of choking off much of the global commerce the president claims to welcome but threatens to stick U.S. consumers and businesses with higher costs.
An Unprecedented 22 Percent Drop in Drug Deaths Does Not Mean Prohibition Is Finally Working
Drug warriors deserve blame rather than credit for their role in recent overdose trends.
Trump's Pick for Commerce Secretary Wants More Industrial Policy for Chipmakers
Howard Lutnick told senators that CHIPS Act subsidies were "an excellent down payment."
Javier Milei Promised To Take a 'Chainsaw' to Argentina's Government. It's Working.
Inflation and rent prices are down, and the country has a budget surplus.
Alex Nowrasteh and Bryan Caplan: The Case for More Immigration
Immigration experts Alex Nowrasteh and Bryan Caplan make the case for significantly more and easier immigration to the U.S.
The Best of Reason: Cutting Off Trade Will Make the U.S. Poorer and China More Totalitarian
Politicians in both major parties see the People's Republic as an economic and military threat. But the real threat is an isolated China.
How a Chinese AI Company Found a Way Around America's Export Controls
DeepSeek made a more efficient product that the rules wouldn't hinder.
Like Biden, Trump Does Not Control the Price of Eggs
Though he promised to lower costs on Day 1, Trump remains just as beholden to the laws of supply and demand as his predecessor.
Trump's Tariffs To Tank Tequila
The owner of a famous cocktail bar in Dallas warns that tariffs on Mexican imports will mean higher menu prices and reduced availability of specialty tequila.
Missing Middle, What Is It Good For?
Allowing duplexes and triplexes in single-family neighborhoods doesn't increase housing supply much. But it does give people more choices.
Trump's Davos Speech: The Good, the Bad, and the Ugly
President Donald Trump doubled down on both domestic deregulation and protectionism in his speech to the World Economic Forum.
Banks Are Narcing on You Because Congress Forces Them To
The Bank Secrecy Act regime forces banks to report customers to the government for an ever-growing list of “red flags.”
Trump's Orders Feature Nonexistent Emergencies, Illegal Power Grabs, and Blatant Inconsistencies
But at least he restored respect for a tariff-loving predecessor by renaming a mountain.
Congress Should Extend the Trump Tax Cuts. The Path Won't Be Easy.
Not doing so could be harmful for just about everyone.
How Trump Could Unilaterally Place Tariffs on Mexico and Canada
They are allied countries with which the U.S. has a trade deal (a deal negotiated by Trump, no less), but presidential emergency powers are nearly limitless.
Trump's Tariffs Will Make Americans, Mexicans, and Canadians Poorer
American tariffs will increase the price of final and intermediate goods, hurting our own consumers and domestic manufacturers.
Why Companies Are Ditching ESG
Many have started to recognize a need to focus on their core business rather than virtue-signaling.
The Country's Largest Police Union, Which Repeatedly Endorsed Trump, Is Dismayed by His Capitol Riot Pardons
The Fraternal Order of Police mistakenly thought that the president "supports our law enforcement officers" and "has our backs."
Keep Trump, and Every Other President, Out of the Fed
If a central bank has to exist, it has to be independent.
Mike Pesca: How Will Trump 2.0 Transform America?
Mike Pesca reacts to Trump's inauguration and slate of executive orders on the latest Just Asking Questions.
