Are the Inflation Reduction Act's Climate Goals Plausible?
A 40 percent cut in U.S. greenhouse gas emissions by 2030 is possibly achievable.
Economics
The Easy Way To Avoid Federal Income Tax: Move to Puerto Rico
Wherever markets are free, new wealth gets created. Then almost everyone wins.
Jon Stewart Accuses GOP of 'Cruelty' for Wanting Minor Amendments to Pricey Veterans' Bill
Senate Republicans have raised reasonable objections that legislation covering veterans' health conditions linked to toxic burn pits will allow for more spending on unrelated items.
Does the Democrats' New Inflation Bill Have Anything To Do With Inflation?
Plus: The editors each analyze their biggest “I was wrong” moment from past work.
The 'Inflation Reduction Act' Won't Actually Reduce Inflation
But it will hike taxes, including on Americans earning less than $200,000 annually.
Facebook, Instagram Posts Flagged as False for Rejecting Biden's Recession Wordplay
"The fact-checking industry has become a partisan arbiter of political disputes," notes Phil Magness.
The Federal Student Loan Program Was Supposed To Pay for Itself. Now, It'll Cost Taxpayers $197 Billion
A new report from the Government Accountability Office found that the Federal Student Loan Program will cost over $300 billion more than originally predicted.
Gavin Newsom Thinks California Is Freer Than Florida. Is He Crazy?
If Newsom wants to pick a fight with Florida Gov. Ron DeSantis, he should try a different topic.
Don't Cancel Student Debt
Making their monthly payments is a major drag for millions in their 20s and 30s, but federal forgiveness is the stupidest way to address this problem.
Mitt Romney's Family Plan Isn't Great, but It May Be Better Than the Alternatives
Whether the federal government should be subsidizing families at all is another matter.
55% of America's Top Startups Were Founded by Immigrants. Why Won't Congress Let in More?
Without a tenable visa pathway, immigrant entrepreneurs will look to greener pastures—and the American economy will be worse for it.
How Many People Have To Be Assaulted or Killed Before Chuck Schumer Stops Resisting Marijuana Banking Reform?
The Senate majority leader has repeatedly blocked a bill that would address the robbery threat to state-licensed pot shops.
After 2 Consecutive Quarters of Negative Economic Growth, Is America in a Recession?
Most Americans believe so.
Meta Can't Buy V.R. Fitness Company, Must Make Its Own Competing App, Says FTC
Plus: A rebranded "Build Back Better," the two-party system creates "a disconnect between elites and non-elites," and more...
The CHIPS Act Is Corporate Welfare Disguised as Industrial Policy
If you believe that moving most of our chip production onshore is good for national security, you should labor for regulatory reforms rather than subsidies.
Schumer, Manchin Strike Deal To Raise Taxes, Cut the Deficit, Spend Billions on Climate Change
The proposal reportedly hikes taxes by over $730 billion, with $300 billion of that money to be used for reducing the federal budget deficit.
Capitalism Killed the Choco Taco. It's Also Resurrecting It.
The announcement that Unilever will discontinue the popular treat has small-time entrepreneurs and big-money investors rushing to keep the product alive.
Don't Give U.S. Chipmakers a $76 Billion Government Handout
Making the U.S. semiconductor industry dependent on subsidies is not the way to stick it to China.
How Trump's Tariffs on Chinese Chemical Products Backfired
Tariffs were supposed to make American chemical products more competitive. They made Chinese products more competitive instead.
It's Becoming Easier To Get Permission To Work, But Not by Enough
Occupational licensing reform is a popular cause, but barriers remain too high.
Big Labor's Covert Plan To Kill Union Elections
Union partisans in the Biden administration want to bypass Congress and enact controversial labor policies by dusting off rejected 1940s-era legal theories.
Truckers Shut Down California Port Fighting for the Right To Be Their Own Bosses
The terrible consequences of A.B. 5 keep coming.
America's Meat Shortage Is Self-Inflicted and Fixable
How can it be that with so much cattle in America, we sometimes can't buy meat?
American Steelmakers Are Still Defending Trump's Tariffs That Crushed Consumers
Any gains seen by the steel industry from tariffs have been overshadowed by the losses for downstream companies and higher prices for consumers.
Better Immigration Laws Could Help Lower Food Prices
The Senate is considering legislation that would improve the visa program for temporary agricultural workers and help relieve labor shortages that push food prices higher.
America's Fishing Industry Is Getting Caught Up in the Trade War
Seafood prices have gone up by double digits as tariffs and inflation drive up costs for consumers
How Tariffs Are Making Summer Fun More Expensive, Less Safe
The U.S. International Trade Commission will hear from businesses harmed by tariffs at a hearing on Thursday.
Great Moments in Unintended Consequences: Rent Control, Arizona Alt Fuel, Ballot Access (Vol. 8)
Good intentions, bad results.
Did Joe Manchin Just Sink Biden's 'Build Back Better' Plan Again?
Plus: Why government responses to risk can create more harm than good, why Denver will no longer block illegal immigrants from starting businesses, and more...
A Global Tax Cartel Is Floundering. Good.
Just as you don't attract bees with vinegar, you don't attract corporations by promising to tax them heavily.
The Progressive Case for Cost-Benefit Analysis (But Not As Conducted in the Trump Administration)
My review of Reviving Rationality:Saving Cost-Benefit Analysis for the Sake of the Environment and Our Health by Michael Livermore and Richard Revesz.
Crony Capitalism Is Apparently Business-Friendly
North Carolina wins "America's Top State for Business" by picking winners and losers.
How Georgia's Outlandish Ballot Access Law Is Protecting Marjorie Taylor Greene (and the Two-Party System)
A ballot access law meant to block Communists has become an obstacle to third-party politics.
Inflation Hits 9.1 Percent, Highest Level in 41 Years
Inflation picked up speed in June, rather than slowing.
A California Law Regulating Ride-Share Apps Leaves Truckers in Limbo
The state's trucking industry fears drivers will quit or work out of state.
Biden's Policies Have Increased, Not Reduced, Future Budget Deficits
Dissecting the president's misleading claims about falling deficits
Economic Liberalization on Israeli Kibbutzim Increases Support for Markets
Even socialist kibbutzniks can come to appreciate the benefits of markets when given a chance to directly compare them to socialism.
Is South Florida's Housing Market Too Hot?
Zoning laws, a limited housing stock, and inflation have created a major housing shortage in the bubble-prone region.
Democrats Are Trying To Push Through Another 'Build Back Better' Bill. It Would Only Make Inflation Worse.
Here's hoping we don't wind up with more of the spending and favoritism that's become so common.
FDA Finally Admits It Caused the Baby Formula Shortage
The agency is now taking small steps to allow foreign formula manufacturers to import their goods into the U.S.
Biden Celebrates $90 Billion Bailout of Private Union Pension Plans
Plus: Don't cry for the failure of Homeland Security's disinformation board, states discover supply-side solutions to labor shortages, and more...
The Quest for a Libertarian Island Paradise
Raymond B. Craib's new book recounts how Michael Oliver repeatedly tried to create a new country with a government funded entirely by voluntary contributions.
Revised Version of My New Article on "Immigration and the Economic Liberty of Natives"
The article is now up on SSRN. It explains how migration restrictions have massive negative effects on both "negative" and "positive" economic liberty of residents of destination countries.
Democrats Want To Fight Inflation With Obamacare Subsidies That Would Make Inflation Worse
The political class still hasn't come to grips with the idea that subsidies don't fight inflation.
Modest Tax Relief Comes to California's Cannabis Growers
Unfortunately, so do more regulations and potential fines.
Sorry, Biden, Gas Stations Can't Just 'Bring Down the Price'
The average gas station owner makes pennies per gallon of gas sold.
