No, the United States Has Not Always Paid Its Debts
There are five instances of the Treasury defaulting on the debt.
Economics
Thousands of Federal Prisoners Aren't Getting Mandated Time Credits Because Prison Officials Won't Negotiate
COVID-19 has led to foot dragging in implementing some FIRST STEP Act reforms.
Democrats' 'Build Back Better' Bill Is a Federal Power Grab. Americans Will Pay the Price.
The legislation will have a negative impact on the labor supply and send high prices soaring even higher.
CBO: Biden's 'Build Back Better' Plan Will Add $367 Billion to the Deficit
The Congressional Budget Office's analysis of the bill is unlikely to prevent its passage through the House. A vote could happen later tonight.
A Judge Just Did What Biden Wouldn't: Dump Some Trump Tariffs
Instead of taking his own actions to undo an unlawful order from the former chief executive, President Joe Biden had the government's attorneys argue in favor of even greater trade powers for the White House.
New York Times Writer Sarah Jeong Says Inflation in the News Is Just 'Rich People Flipping Their Shit'
Are normal Americans worried about inflation? Jeong says nope, it's a ginned-up outrage because rich people's "parasitic assets aren’t doing as well as they’d like."
The White House Says More Government Spending Will Fix Inflation
Plus: Administrative bloat conquers Yale, the U.N. Climate Change Conference in Glasgow wraps up, and more...
Thank the Government for the High Price of Holiday Meals
But also be thankful that Americans have been spared the worst of soaring food costs.
What Pundits Get Wrong About Child Care and Paid Leave
The media's hasty commentary on economic matters makes one question which reporters and pundits have educated themselves on the topics.
Inflation Will Make Government Budget Problems Worse
The cost of interest on the national debt will soon be a huge chunk of change.
FBI Raid of James O'Keefe's House Is a Blow to Press Freedom
Plus: Consumer prices surge, a Virginia school district talks openly about burning books, and more...
Trump Laid the Groundwork for Biden's Infrastructure Boondoggle
It's Biden's bill, but Trump helped set the stage.
Red Markets
Sometimes communist countries had to tolerate a little economic liberty just to survive.
The World's Richest Countries Want To Create a Competition-Crushing Global Tax Cartel
Hundreds of leaders have endorsed a 15 percent global minimum tax to quash countries with lower and simpler taxes.
Joe Biden Says Families Separated at Border Won't Be Receiving $450,000 Settlements
Plus: Children's vaccine passports in San Francisco, investors' inflation fears are on the rise, and more...
It's Still the Economy, Stupid (Not Critical Race Theory or Trans Bathrooms)
One of the hardest political lessons to learn is that pocketbook issues are the main driving force of electoral successes and failures.
Stop The Steel: Biden Is Replacing Trump's Tariffs With Import Quotas
Biden will allow 3.3 million metric tons of European-made steel to be imported annually without tariffs. After that, Trump's 25 percent tariffs will remain in force.
Beware People Trying to Dismiss Jack Dorsey's Inflation Analysis as Disinformation
A good way to know you’re living through high inflation is when you’re discouraged from talking about it.
Josh Hawley Wants to Make the Supply Chain Crisis Permanent
If the power to his house went out during a storm, one assumes Hawley would declare electricity to be a mistake and demand that homes be lit with candles.
Biden's New Spending Framework Promises To Do Everything but Still Cost Nothing. That Doesn't Make Sense.
Plus: Facebook rebrands, McDonald's hikes menu prices, and more...
Popular Progressive Policies Helped Ruin Venezuela. They Won't Work Here Either.
The idea that massive government spending, hate speech laws, and gun control will improve America—when they failed horribly elsewhere—is a dangerous myth.
Garry Kasparov: From Communism's Last Chess Champion to Freedom Fighter
30 years after the collapse of the Soviet Union, its greatest—and last—chess champion reflects on the awful system that produced him.
Restrictive Zoning Laws Worsened the Supply Chain Crisis
Plus: America's crackdown on Big Tech gives cover to Russia's crackdown on Big Tech, high inflation likely to continue into next year, and more...
Anthony Downs, RIP
One of the greatest political economists of the 20th century passed away earlier this month.
Lockdowns' High Costs and Murky Benefits
Cato economist Ryan Bourne's new book is a much-needed rejoinder to the obtuse economic reasoning of many pandemic-era policy makers.
40 Years of Trillion-Dollar Debt
Forty years from now, it'll be much, much, much higher.
How Democrats Could Hide $2 Trillion in New Spending With Budget Gimmicks
Legislating with budget gimmicks is shameful, timid, risky, and opportunistic. Mostly, though, it's really expensive.
Anti-Amazon Congressman Appears Unfamiliar with the Concept of Store Brands
Amazon promotes products that mimic its competition? Welcome to more than a century of American retail practices.
Democrats Still Want to Spend Trillions. But They Don't Want To Raise Taxes To Do It.
Plus: In-N-Out fights San Francisco's vaccine mandate, the Vienna Tourism Board gets an OnlyFans, apes protest the DEA, and more...
Why Biden's $3.5 Trillion Spending Plan Would Be Worse for the Economy Than Manchin's $1.5 Trillion Proposal
Manchin's $1.5 trillion plan is still bigger than the Obama stimulus, and would be a major expansion of government's power to redistribute wealth.
Progressives Want To Use a Giant Budget Gimmick To Hide the Cost of the Democrats' Spending Bill
When everything's a priority, nothing is.
No, Joe Biden Can't Save Christmas
We've turned the presidency into an omnipotent office, and we expect that our gifts and government checks will be delivered on time.
More Confusion Over Boosters as FDA Panel Recommends Additional Moderna Shots
Plus: Most Americans favor smaller government as the pandemic fades, consumer spending grows despite supply chain issues, and more...
California Voters Might Have a Chance To Ban Government Unions in 2022
One of two ballot measures already proposed for 2022 in California takes on some of the most powerful special interests in state politics.
Natural Experiments Make the Case for Liberty
One of this year’s Nobel Prize winners in economics inadvertently created a pro-liberty methodology.
Trump's Tariffs Didn't Work. Biden's Won't Work Either.
They favor special interests, hurt consumers, and have utterly failed to rein in China.
Keeping Warm This Winter Could Be More Costly As Inflation Heats Up
Plus: Psychedelic entrepreneurs, American seafood stuck in Canada, and more...
High Inflation Is Here To Stay
But the people in power won’t even say as much, let alone do something about it.
This Year's Nobel Prize in Economics Is a Victory for Objectivity and Rigor
It's a defense of scientific values that sadly need defending.
Congress Raised the Debt Ceiling Again Without Doing Anything To Fix the $28 Trillion National Debt
Plus: Why "reforming" Section 230 makes little sense, the FDA finally admits vaping is safer than smoking, the U.S. will reopen its land borders with Canada and Mexico, and more...
Bad Jobs Numbers Raise More Questions About Unemployment Insurance
Is the problem government cash or have we entered a new paradigm?
Federal Court Upholds California's Oppressive Restrictions on Freelance Writers
A panel has unanimously determined the First Amendment isn’t violated if state regulations keep independent writers from landing work.
With Ports Clogged, Some Retailers Are Looking for Alternative Supply Chains
Plus: Columbus Day vs. Indigenous Peoples Day, the Biden administration prepares to regulate cryptocurrencies by executive fiat, and more...
The Hidden History of the Trillion Dollar Coin
Friday A/V Club: In 1992, it was a paramilitary America Firster who wanted to #MintTheCoin.
Los Angeles Orders Local Businesses To Serve as Vaccination Enforcers
The fines for failure fall not on the unvaccinated, but the people serving them.
Joe Manchin Isn't the Fiscal Conservative We Need, but He's the Best We've Got
"Spending trillions more on new and expanded government programs, when we can't even pay for the essential social programs...is the definition of fiscal insanity."
