Freedom Was Giving Us Prosperity and Full Bellies. Political Leaders Squandered What We Had.
Government officials broke the world, and we’re all paying the price.
Economics
Emma Camp: Student Loan Forgiveness Is Bad News and Bad Policy
Assistant Editor Emma Camp unpacks how Biden's student loan forgiveness plan is deeply misguided.
A Few Ideas for the Better Government Americans Desperately Want
From cronyist subsidies to an unfair tax code, there are several key fixes Congress could make to better serve the public.
If Biden's Trade Policy Was Really Driven by 'Equity,' Trump's Tariffs Would Already Be Gone
Tariffs are a regressive tax that have driven inflation higher and harm poorer families the most.
The Student Loan Forgiveness Fiasco
Plus: Spider study sheds light on how misinformation spreads, Airbnb regulation ruled unconstitutional, and more...
Biden's New Student Loan Forgiveness Plan Helps Mostly People Who Don't Need It
Biden's plan to forgive nearly $300 billion in student loan debt will disproportionately help affluent Americans.
Biden's Student Debt Relief Plan Will Worsen Inflation
"Student loan relief would lead some people to spend more," warns Obama economic advisor and Harvard economist Jason Furman
Biden Reportedly Set To Forgive $10K Student Debt for Americans Earning Over Six Figures
Unsurprisingly, wealthier Americans will be the prime beneficiaries of the White House's soon-to-be-announced student loan forgiveness scheme.
Federal Judge Blocks Florida Law Banning 'Woke' Workplace Training
Ban on mandatory training of certain race topics “is a naked viewpoint-based regulation on speech.”
Democrats Attempt To Boost Midterm Fortunes by Pitching Inflation Reduction Bill That Won't Reduce Inflation
Plus: Federal judge halts part of Florida's Stop WOKE speech law, streaming services overtake cable, and more...
How To Waste $1 Trillion
Why should we believe that this boondoggle will produce better results than hundreds of other corporate welfare programs?
The Inflation Reduction Act Barely Puts a Dent in the Deficit
But it will raise taxes and sic thousands of new IRS agents on American households.
The Pandemic Home-Building Boom Is Over
Builders are starting fewer new housing projects but housing construction rates remain steady. Experts say it's a product of inflation catching up with persistent supply chain problems.
Cuba Liberalizes Economy as Economic Crisis and Protests Grow
The island’s communist government announced it would allow foreign investors to enter its nationalized retail industry as it faces shortages, blackouts, and new protests.
COVID-19 Gutted College Attendance. Now, a Solid Labor Market Is Convincing More High School Grads To Skip It.
The number of high school seniors going on to attend college has plummeted in the past two years, deepening the already steady decline.
Congress Just Passed the Inflation Reduction Act. It Will Hike Taxes on Some Middle-class Households.
It also spends billions on new green energy programs, and it lets the IRS hire 87,000 new agents.
Mandatory National Service Is a Morally Bankrupt Idea
Frederick Douglass compared compelled labor to slavery. That objection still stands.
The Disappearing Differences Between Republicans and Democrats on Federal Family Spending
Many conservatives no longer appear to care much for fiscal conservatism.
Whole Foods' John Mackey: 'I Feel Like Socialists Are Taking Over'
The 'conscious capitalism' innovator on overregulation, COVID mandates, and why he will be speaking his mind much more freely when he retires.
Tumbling Gas Prices Caused Inflation To Fall to 8.5 Percent in July
Prices for food and housing continued to rise but were offset by lower gas and energy prices.
R.I.P. David McCullough, Who Saw the Bright Side of History
McCullough didn't just build on academic historians' work—he filled a gap they left.
The Inflation Reduction Act Won't Meaningfully Address the Budget Deficit
Congress has added $2.4 trillion to the long-term deficit since President Joe Biden took office. Now they want credit for reducing the deficit by $300 billion?
There's Nothing Legacy-Defining About the Inflation Reduction Act
Plus: The editors consider the state of freedom in the U.S. compared with other developed nations.
The Democrats' New Inflation Bill Includes Tax Credits for Electric Vehicles That Don't Exist
Even Democrats are criticizing the bill's unrealistic expectations.
Democrats' Rejection of Permit Streamlining Resolution Doesn't Bode Well for Joe Manchin's 'Side Deal'
The West Virginia senator conditioned his support for the Inflation Reduction Act on reforming federal environmental review laws. His Senate colleagues don't seem so hot on the idea.
Senate Passes $740 Billion 'Inflation Reduction Act' That Will Probably Make Inflation Worse
Plus: Inside Trump's family separation policy, a Grammarly for government, and more...
New Jobs Report Shows Unemployment Back to Pre-Pandemic Levels
The better-than-expected employment numbers are fueling investors' inflation fears and causing the stock market to fall.
Are the Inflation Reduction Act's Climate Goals Plausible?
A 40 percent cut in U.S. greenhouse gas emissions by 2030 is possibly achievable.
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.
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.
After 2 Consecutive Quarters of Negative Economic Growth, Is America in a Recession?
Most Americans believe so.
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.
