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.
Economics
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.
Capitalism in the Cracks: How Japan's Microspaces Unleash Economic Experimentation
These spaces are so small that most cities would ignore them. Tokyo doesn't.
Federal Circuit Rules Against Trump's Massive IEEPA Tariffs in Our Case Challenging Them
In a 7-4 ruling, the en banc court upheld trial court ruling against all the challenged tariffs. The scope of the injunction against them remains to be determined.
Federal Appeals Court Says Trump's Tariffs Are Unlawful, Allows Them To Remain in Place
Trump went "beyond the authority delegated to the President," the court ruled, but it vacated an injunction that could have provided immediate tariff relief to American businesses.
Trump's Tariffs and Immigration Policies Are Why Your Amazon Packages Are So Expensive and Will Take Forever
I got a pair of shoes delivered from Asia for a reasonable price. Trump just ended the exemption that makes that transaction possible.
Trump's Fed Coup
Plus: Beachy vignettes, Smithsonian scrutiny, Gavin Newsom might not be the Democrats' great new hope, and more...
Report: 28 States Now Recognize Occupational Licenses From Elsewhere
Despite improvement, significant barriers remain to working many jobs.
Bob Murphy: Are We Flirting with Fascism?
Economist Bob Murphy discusses the mounting pressure on the Federal Reserve, the implications of the government taking Intel equity, and capitalism under siege on the latest episode of Just Asking Questions.
The Real Threat to Fed Independence Isn't Trump. It's Congress' Debt Addiction.
The president's clear attempt to interfere in the Federal Reserve is not a one-off crisis.
Federal Funding for Universities Comes With Strings. Now Trump Is Pulling Them.
The potential nationalization and forced revenue sharing of university patents makes a strong case for the separation of economy and state.
Trump's Tariff Spin Is Putting Republicans in an Awkward Spot
Should they brag about raising taxes, like the White House is doing, or try to distance themselves from those same tax increases?
Fed Governor Lisa Cook's Record Is a Reminder of the Social Justice Insanity of 2020
Trump is attempting to fire a Federal Reserve board governor.
'Tariffs Will Simply Put Us All Out of Business': Trump's Trade War Is Crushing American Crafters
Tariffs are making it more expensive and inconvenient for Americans to explore their creative sides.
No, These New Studies Don't Show an AI Jobs Apocalypse Is Coming
Economists at the Federal Reserve and Stanford University recently published studies investigating how AI affects employment in different industries.
Does It Matter That Donald Trump Is Confused by Magnets?
Is this another example of Trump's inability to understand why global trade is good for America, or does it suggest something even more serious?
Trump's Furniture Tariffs Will Make It Harder To Turn Your House Into a Home
Protectionism won't save the American furniture industry, but it will increase the cost of living.
