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.
Economics
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.
Trump Must Choose: Tariffs or Lower Prices
Domestic deregulation will decrease the cost of living. Trade barriers will do the opposite.
Trump's 'External Revenue Service' Is a Public Relations Effort. It Won't Change How Tariffs Work.
Trump promises to "tariff and tax foreign countries to enrich our citizens." That's not how it works.
Pepsi Suffers the Wrath of (Lina) Khan
Outgoing FTC Chair Lina Khan sues Pepsi for violating Robinson-Patman Act.
Many Workers Don't Want To Return to the Office. That Could Help Shrink the Government.
Remote work is a plus for many people and businesses, but that’s not necessarily true of D.C.
Finding Trillions in Federal Cuts Is Easy. But Will Trump and Musk Follow Through?
DOGE won't necessarily have to kill any of Republicans’ sacred cows—but they will have to be put on a diet.
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.
Price Controls Won't Build Homes in L.A.
California Gov. Gavin Newsom must allow prices to rise if he wants homes to be rebuilt as quickly as possible.
As Fires Burn, Private Firms and Personal Effort Step In Where California Officials Fail
Californians are turning to private firefighting and security, but officialdom gets in the way.
The FDA Proposes a De Facto Cigarette Ban, Which Would Expand the Disastrous War on Drugs
Mandating negligible nicotine levels in tobacco products would create a big black market and criminalize currently legal transactions.
The Way Out of Our Inflation Mess
For all the excitement about the incoming administration and a return to the 2019 economy, market stability rests on the precarious assumption that the government will eventually put its fiscal house in order.
Biden's Legacy: He Didn't Build That
After four years, the president leaves behind a long, expensive record of non-accomplishment.
Can the Private Sector Really Replace All Government Functions?
I can't stand big government, but I think we need something. Michael Malice says I'm wrong.
Javier Milei Slashes Argentina's Inflation in Just 1 Year
Austerity measures and bold economic reforms led to the country's lowest inflation rate in over four years.
Trump's Inauguration Won't Change the Fact That People Dislike High Gas Prices
The incoming administration is grappling with uncomfortable political consequences of the tariffs Trump wants to impose.
California's Insurance Regulation Fixes Came Too Little, Too Late
Decades-old, voter-approved restrictions on insurers raising premiums have created a regulatory disaster to match the natural one.
When New Jersey Hiked Minimum Wages, Fast Food Prices Rose
If politicians want stuff to be more affordable, they should stop implementing policies that have the opposite effect.
Athletes Find New Way To Avoid Taxes
Restructured contracts may help franchises who have a certain competitive disadvantage.
Tyler Cowen: Why Do We Refuse To Learn From History?
Economist Tyler Cowen on historical lessons, populism today, and the philosophical debates within libertarianism.
Janet Yellen's Short-Term Thinking Could Cost the U.S. Big
The Treasury Secretary’s debt decisions during the pandemic locked in low rates—but only for two years. Now, taxpayers are paying the price.
