Economics
The Real Cost of Turning Away Foreign Talent
Researchers estimate that discouraging just one-third of international STEM graduates could leave the American economy 0.7 percent to 1.3 percent smaller—equivalent to losing the entire economy of Utah or South Carolina.
The Bond Market Is Unhappy With the Federal Reserve's Unwillingness To Fight Inflation
The 30-year U.S. Treasury bond just hit its highest yield level since 2007.
Economic Development Subsidies Create a Lot of Jobs—Mostly for Lobbyists
According to a newly published study, states that issued "extraordinarily large" economic development subsidies saw more lobbyists located in the state capital.
Why Capitalism Is the Most Moral Economic System
"Success comes from meeting the needs and wants of others," says businessman and publisher Steve Forbes.
Trump Keeps Pushing Legally Dubious Tariffs
The president's latest round of broad import taxes, like the previous two, treats his statutory authority as an afterthought.
Federal Judge Halts Minnesota's Prediction Market Ban, Signaling Other States' Efforts Might Be Illegal Too
A preliminary injunction will keep Kalshi and Polymarket active in the state after a district judge found federal law preempts the state's ban.
People Have Got To Try Being Normal About Caitlin Clark, Sophie Cunningham, and the WNBA
Plus: Congress struggling to regulate college sports, looking at the economics of World Cup hosts, and why are golf shows all the same?
The Democrats Have a Socialism Problem
Plus: the DSA's policy agenda, Trump hits pause on Iran, and deregulating peptides
No, Remote Work Is Not Making Us Miserable
The rise of remote work is a tech success story, despite what one new and very convoluted study claims.
How Trump's Tariffs Undermine US Trustworthiness and Credibility—and What Can Be Done to Stop it
Economist David Hebert highlights an underappreciated danger of Trump's tariff mania. It's a serious problem, but one that can at least be mitigated.
Bureaucracy, Labor, & Tariffs: How Government Is Making BLTs More Expensive
The BLT—a delicious celebration of the power of markets—exemplifies political attacks on the free movement of goods and people.
California's War on Goats Could Worsen the Wildfire Crisis
Standard minimum wage and overtime laws now apply to the state's goat herders, whose animals clear brush and reduce fire danger. The costs are unsustainable.
For Thousands of New York City Apartment Buildings, the Math Doesn't Math
This year’s rent freeze is just the latest regulation pushing New York City’s rent-stabilized housing stock toward financial and physical collapse.
Second Lawsuit Challenging Trump's New Section 301 Tariffs Filed
It was filed by several businesses, including Learning Resources, Inc., which was also involved in the IEEPA tariff litigation.
Liberty Justice Center Files First Lawsuit Challenging Trump's Massive New Section 301 Tariffs
The complaint explains why the tariffs violate the requirements of Section 301, and also run afoul of the major questions and nondelegation doctrines.
Airports Are Opting for Private Security Over the TSA. The Union Says That's a Public Safety Threat.
Airport security screeners at the 20 private-contract airports get paid during a government shutdown. A public sector union wants to make sure that doesn’t happen.
Trump's Newest Tariffs Are Likely Illegal Too
The Section 301 tariffs announced on Thursday overstep the powers granted by Congress and likely run afoul of the major questions doctrine.
Tariff Man
Plus: House votes on war powers as Trump enters Iran war "revenge mode," Ted Cruz worries about AI, Marvel movies are planned through 2042, and more...
Trump Imposes Massively Harmful and Illegal Section 301 Tariffs
The new policy is based on sham investigations, and runs afoul of the major questions and nondelegation doctrine.
The Trump Coin Case Ends, but Legal Questions Remain
As the coin moves closer to production and distribution, it will be up to the American people to decide whether the controversial coin is deemed a success.
Lots of Trump's Tariffs Expire on Friday. It's Thursday Afternoon, and No One Knows What Will Replace Them.
The U.S. economy is not a reality show. The Trump administration should stop acting like it is.
Zohran Mamdani Tells Jon Stewart Socialism Is Just Having a Library
Please stop letting these people lie about what their preferred economic system entails.
The DSA, MAGA, and the New Policy Nihilism
From rent control and Medicare for All to tariffs, politicians left and right are embracing policy ideas that have been repeatedly shown to not work.
The People Fighting Technology That Could Save Thousands of Lives
Automation will destroy some jobs—and create others.
This Bipartisan Senate Bill Would Make Your Google Search Results Less Useful
Regulating search results when AI is upending the industry is a fool’s errand.
Nobody Likes Red Tape, Not Even Mamdani
Eliminating burdensome small business regulations is a win for everyone.
Trump's New 50% Tariff on Canadian Goods Is Actually an Admission That Trade Wars Don't Work
The trade war caused exports to Canada to fall. Now, Trump is pointing to that fact to justify more tariffs.
Trump Plans to Impose New Illegal Tariffs on Canada
The 50% tariffs on many Canadian imports are based on the long-defunct Section 338 of the notorious Smoot-Hawley tariff act.
Contradictions of Socialist Prison Abolitionism
Many "democratic socialists" want to abolish prisons. But this is in conflict with their objective of making many more activities illegal.
Is the War in Iran Spiraling Out of Control?
Plus: new tariffs on Brazil, Trump's primetime address on election security, and the growing popularity of democratic socialism.
Britain's New Prime Minister Andy Burnham Promises 'Stronger Public Control' of Stagnating Economy
Britain’s seventh prime minister in a decade inherits weak growth, record-high taxes, and a swelling welfare bill. His proposed cure is an even larger role for the state.
Working Class Hero
Plus: Platner fallout, gas prices hit $4 per gallon, it's Kamala Harris' world (and we're just living in it), and more...
The "Free Market" is More Popular than "Capitalism"
Such anomalies are common when polling often-ignorant voters. But libertarians would do well to take note, anyway.
Trump's Pernicious Threat to Impose Tariffs on Canada in Response to Wildfires
The idea is simultaneously harmful and illegal.
The Hidden Problem With Democrats' $25 Minimum Wage Bill
The legislation would eliminate the tip credit for restaurant workers and other tipped employees—which has not worked out well in the past.
Labor Unions Hate Robots—and It's Stopping Democrats From Delivering on Affordability
Labor unions almost always value union jobs over technologies that save time, money, and lives.
America Has a Huge Trade Surplus With Brazil. Trump Just Put 25% Tariffs on Brazilian Goods Anyway.
It's almost like there is no real underlying principle guiding the Trump administration's tariff policies.
A 22% Social Security Cut Is Coming. Will the Senate Act?
Once the trust fund is empty, Social Security can pay out only what it collects. Yet few candidates are talking about this in any serious way.
D.C. Wants To Charge Robotaxis $6 Million. Unions Still Say No.
A proposed bill would legalize commercial autonomous vehicles in D.C. under one of the country’s most expensive regulatory frameworks, but unions still want the brakes applied.
12 States Sue, Call Paramount–Warner Bros. Merger an Antitrust Violation
If successful, it could do more harm than good to the entertainment industry.
The Fed's Tough Mission
Plus: More strikes on Iran, Nayib Bukele runs for a third consecutive term, private dinosaur-bone ownership, and more...
The Push for an Embargo on Israel Is Vague and Confused
Are critics talking about a government-to-government weapons embargo, or are they trying to shut down private trade? There's a big difference.
Ohio Cut Red Tape. Now Its Business Sector Is Thriving.
America's most business-friendly states are proof that permitting reform works. Still, they have a bad habit of handing out tax breaks to favored industries.
4 Takeaways From the Supreme Court's 2025–2026 Term
From executive power to civil liberties, what to make of a momentous year at SCOTUS?
Trump Accounts Add Confusion to Savings Accounts Without Adding Much Benefit
Let's simplify this system instead of making it even more complicated.
