Trump Is Embracing 'Daddy State' Economics
Markets thrive on predictable rules, but when the president takes equity stakes or pressures firms at will, investment and risk-taking give way to hesitation.
Economics
The Federal Reserve Cuts Rates With Inflation Still Hot. Is Political Pressure Winning?
When the Federal Reserve is concerned about inflation, it increases the federal funds rate. Despite expressing such concerns, the Fed lowered it.
How Did Poland Get So Far Ahead of Hungary?
Fewer than 35 years after escaping the yoke of Soviet-style central planning, Poland has become a legitimate global powerhouse.
House Republicans Just Voted To Give Even More Tariff Power Away to Trump
House Republicans passed a resolution that prevents Congress from ending the national emergency Trump is using to impose tariffs until March 31.
With Cigarette Taxes Sky High, More New Yorkers Than Ever Turn to the Black Market
In New York City, just one in six cigarette packs collected by researchers came through legal channels.
Trump Has a Habit of Asserting Broad, Unreviewable Authority
Whether he is waging the drug war, imposing tariffs, deporting alleged gang members, or fighting crime, the president thinks he can do "anything I want to do."
Lawmakers Want To Shield Kids From AI Chatbots. But Restricting Them Could Cut Off a Mental Health Lifeline.
Crackdowns on AI chatbots over perceived risks to children's safety could ultimately put more children at risk.
Donald Trump Is Not the Bitcoin President
He’s the stablecoin president, seeking to expand the monetary power and borrowing capacity of the U.S. government.
Over 300 Workers Return to South Korea After Immigration Raid, but Damage to Trade Relations Is Already Done
“As things stand now,” South Korean President Lee Jae Myun said, “our businesses will hesitate to make direct investments in the United States.”
MAGA Conservatives, Unions Want To Crush Driverless Trucks. Will the Trump Administration Listen?
A fight over an arcane trucking safety rule reveals the White House's split position on autonomous vehicle regulations.
Washington Says Tax Breaks Help People. Instead, They're Corroding the Tax Code.
The expenditures are often costly privileges for special interests that mask the true size of government and fail to deliver the promised bang for the buck.
Americans Want Lower Costs, but Inflation Just Hit Its Highest Mark Since January
Inflation hit its highest level since January, with prices rising 0.4 percent in August.
Puerto Rican Prisons Allowed Inmates To Work for Themselves. It Was a Huge Success.
These self-employed prisoners earned more than inmates in traditional prison jobs and were more likely than other inmates to be rehabilitated.
Supreme Court Will Hear Our Case Challenging Trump's Tariffs - and Two Other Related Cases
The cases will be considered on an accelerated schedule.
Hyundai Raid Shows Trump Can't Deport His Way To a Manufacturing Boom
Trump's mass deportation policies are undermining his manufacturing agenda.
Here's What Would Happen If We Seized All the Wealth From America's 800 Billionaires
Don't comfort yourself with wishful thinking that millionaires and billionaires could take the entire burden of the deficit off our hands.
The Kawhi Leonard Scandal Raises the Alarm: Are Salary Caps Fair, or Fiction?
The evidence against Kawhi Leonard, Steve Ballmer, and the Clippers is damning.
MAGA Is Wrong About AI. Trump Is Right.
Plus: a weak jobs report and Trump’s economic record, New College of Florida weighing privatization after its clash with DeSantis, and the DOJ pushes to block transgender Americans from gun ownership
Trump's Tariffs Face a Major 'Major Questions' Problem at the Supreme Court
The same legal theory that tripped up Joe Biden's student loan scheme could also sink Donald Trump's tariffs.
National Conservatism Has a Bigotry Problem, Whether Yoram Hazony Wants To Admit It or Not
"Nobody ever said that to be a good natcon you have to love Jews," Hazony declared at last week's National Conservatism Conference.
Huge Immigration Bust
Plus: Light-rail killing, short-term rental ban ineffective, Perónism strikes back, and more...
Are Free Zones Really Free?
The Hidden Globe takes a skeptical but nuanced look at quasi-autonomous territories in the cracks of the map.
The Government's Cert Petition to the Supreme Court in Our Tariff Case - and Our Response
We agree the Court should take the case and resolve it as quickly as possible, to minimize the harm caused by the illegal tariffs.
MAGA Economics Is Losing
Trump promised that protectionism and immigration enforcement would be good for the economy. The latest jobs report tells a different story.
Sen. Eric Schmitt Echoes Bernie Sanders With Attack on Foreign Worker Program
The Republican and the socialist agree: Free trade and H-1B visas are bad news.
Google's Industry Dominance Isn't Unprecedented—and It Isn't Forever
Failure of imagination drives the bipartisan energy around busting so-called Big Tech monopolies.
A Bad Jobs Report
Plus: Eric Adams drop-out watch, DOJ investigates Lisa Cook, critiquing Blueskyism, and more...
Trump Says Tariffs Make Us Richer. So, Why Are Most Countries With High Tariffs So Poor?
The U.S. is risking its liberty and its prosperity with such high tariffs.
Uncle Sam Is Investing Now. What Could Possibly Go Wrong?
Some policymakers now say the federal government's stake in Intel should be a "down payment" on a U.S. sovereign wealth fund. The idea is terrible.
The New Texas Ban on Cell-Cultured Protein Is an Unconstitutional Interstate Trade Barrier, a Lawsuit Says
The ban's supporters, whose motivation is plainly protectionist, claim they are defending freedom by restricting it.
American Nightmare
Plus: Curtis Sliwa hit piece, China's military parade, Florida's vaccine mandates, and more...
American Manufacturing Needs Relief From Trump's Tariffs
Manufacturing has been in decline for six months, nearly the exact amount of time since Trump's new trade wars began.
2 Trump Cases To Watch as the Supreme Court Returns From Summer Break
Plus: A momentous date in the life of Frederick Douglass
'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...
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.
