Economics
New CBO Report Exposes Biden's Deficit-Reduction Misinformation
The president is trying to claim credit for falling deficits. Actually, his administration has overseen a $2.4 trillion increase in the long-term deficit.
'Woke Capitalism' Does Not Advance Social Justice
It incentivizes high-noise, low-cost signaling rather than actual cultural changes.
Why Is Biden Still Limiting Imports of South Korean Steel?
Biden's top trade adviser says tariffs must be "strategic," but what strategic value do tariffs on South Korean steel serve?
Robert Breedlove: Like the Constitution, Bitcoin 'Will Change the Way We Treat One Another'
The self-described "freedom maximalist" and former hedge fund manager talks "incorruptible money," Austrian economics, and why Satoshi Nakamoto's invention is unstoppable.
Your Flight Is Delayed. Thank the Feds.
Congress has radically restricted the number of pilots without doing anything to increase safety.
Dr. Oz Warns That Legalizing Marijuana in Pennsylvania Would Aggravate Unemployment by Weakening 'Mojo'
The Republican Senate candidate is echoing decades of anti-pot propaganda, but evidence to support his hypothesis is hard to find.
The Drug War Is Keeping Truckers Off the Road
Federal regulations make it more likely that a driver can be suspended or fired for drug use, regardless of whether they ever drove unsafely.
Blundering Into Escalation in Ukraine?
Plus: A listener asks if it’s possible for bureaucracy ever to be good.
Eric Adams' Emergency Price Controls on Baby Formula Will Make the City's Shortage Worse
There are few things more politically popular, and more economically counterproductive, than banning price increases during a shortage.
The Perpetually Canceled Ludwig von Mises
"Hold on, now, you're starting to sound like an anarchist..."
Alex Epstein: Despite Climate Change, the Future Needs More Fossil Fuels
Coal, oil, and gas have contributed to global warming, but we can deal with their impact while letting them bring billions more up to middle-class living standards.
Banning 'Unconscionable Excessive' Gas Prices Is Risky Economic Nonsense
Democrats are trying to inject a political solution into an economic problem.
Jerome Powell, Who Wildly Misjudged Inflation, Is Overwhelmingly Reconfirmed as Fed Chair
There is seldom any meaningful accountability for government incompetence.
Biden's Baby Formula Airlift Stunt Should Never Have Been Necessary
Markets work if you let them. The Biden administration and Congress should remove supply restraints on baby formula that never made any sense in the first place.
No, Gas Prices Didn't Spike Because of 'Corporate Greed'
Corporations were just as greedy when prices fell in 2019 and early 2020.
"Great Replacement Theory" and the Perils of Zero-Sum World Views
The racist Buffalo mass murderer's ideology drew on dangerous ideas common on both the ethnonationalist right and the far left.
What the Hell Just Happened With Crypto?
Last week, the price of bitcoin fell to lows not seen since 2020 while a prominent stablecoin collapsed. Does this mean it was all a Ponzi scheme?
Repulsive Replacement Theory and Economic Delusions
Plus: The editors each point out one key disagreement they have with one another.
Bad Policy Creates Inflation and Opens the Door to Even Worse Ideas
When politicians break the economy, they hurt us in the short term but also create future opportunities to do harm in the name of undoing the damage they inflicted.
Getting Paid in Bitcoin
Unfortunately, an automatic crypto purchase made with after-tax earnings won't lower your taxable income.
A Record Number of Drug-Related Deaths Shows the Drug War Is Remarkably Effective at Killing People
According to new CDC numbers, the death toll rose 15 percent last year after jumping 30 percent in 2020.
Billionaire Michael Saylor Believes in Bitcoin More Than Ever
Despite bitcoin's steep slide, the CEO of MicroStrategy is bullish on its mass adoption.
Inflation Triggers Mandatory Minimum Wage Increases in California
The state’s unemployment rate is well above average, yet there’s a ballot initiative hoping to push the minimum wage to $18 an hour.
Elizabeth Warren Introduces Price-Gouging Bill That Fails To Define What Qualifies as Price Gouging
The bill would penalize companies for price gouging during times of war, public health emergencies, or natural disasters—which would have encompassed all of the last two years.
Elon Musk Says His Acquisition of Twitter Is 'On Hold'
Plus: The Pro-Choice Caucus thinks choice is a harmful word, trade restrictions worsened the baby formula shortage, and more...
A Global Tax Cartel Would Be as Bad as It Sounds
Several studies have found that the vast majority of costs incurred by increased corporate taxes are passed along to workers in the form of lower wages.
Gwyneth Paltrow's Gemstone-Encrusted Alpaca Wool Diaper Is…a Tax Protest?
"If treating diapers like a luxury makes you mad, so should taxing them like a luxury," said Paltrow.
Senate Democrats Try and Fail To Codify Roe v. Wade Abortion Protection
Plus: Texas' social media law goes back into effect, inflation worries voters, and more...
Will Bitcoin Billionaire Investor Michael Saylor End up at McDonald's?
The MicroStrategy CEO and biggest corporate owner of bitcoin is HODLING for the long haul, come bull or bear market.
Inflation Still Soaring at 8.3 Percent as Food, Housing, and Services Keep Getting More Expensive
Gas prices fell in April, dragging the month's average price increases down to 0.3 percent after March's staggering climb.
Elon Musk Has Good Reasons for Wanting To Reverse Twitter's Trump Ban
Plus: A democratic socialist running for office is caught up in a MeToo witch hunt, inflation woes continue, and more...
Strong Job Growth Isn't Enough
Despite a promising April jobs report, the U.S. is still 3 million workers short.
The U.S. Baby Formula Shortage Is the FDA's Fault
Plus: Trusting the science is now an explicitly partisan issue, stocks are still plummeting, and more...
Why Are the Feds So Mad About Bitcoin Retirement Investing?
The Department of Labor and Sen. Elizabeth Warren have strong opinions about Fidelity’s new 401K option
America's Trade and Regulatory Policies Have Contributed to the Baby Formula Shortage
Why do we have tariffs on imported formula in the middle of a shortage?
Biden Brags About Falling Deficits, but the Federal Fiscal Situation Is Still 'Unsustainable'
Under current policies, Social Security and Medicare will consume 85 percent of all federal tax revenue by 2050.
Problems With the Supply Chain Began Before the Pandemic. Here's What Biden Can Do About It.
Protectionist policies stymie trade and make Americans poorer.
Joe Biden's Phony Fiscal Responsibility
Biden gloats over a historically astronomical budget deficit as if he's accomplished something significant. He hasn't.
J.D. Vance Takes Victory in Ohio GOP Senate Primary
The former venture capitalist will face Rep. Tim Ryan, the Democratic nominee, in November's general election.
How a Tiny Solar Company in California Might Convince Biden To Sabotage America's Whole Solar Industry
Tariffs requested by an "artisanal solar boutique" based in San Jose might jeopardize 45,000 jobs and halve America's future solar panel deployments.
Don't Wait! The National Debt Is Only Getting Worse
New CBO report shows that the longer Congress waits to deal with the debt, the bigger the problem becomes.
Labor Econ Versus the World
Bryan Caplan's latest book covers the hypocrisy of unpaid collegiate internships and a defense of the professoriate against the charges of laziness.
The FDA's Menthol Cigarette Ban Is a 'Racial Justice' Issue, but Not in the Way Its Supporters Mean
The proposed rule, which targets the cigarettes that black smokers overwhelmingly prefer, will harm the community it is supposed to help.
No, Florida Republicans Do Not Care About Crony Capitalism
The state has 1,288 independent special districts. But we aren't hearing significant GOP complaints about anyone's but Disney's.
Elizabeth Warren Wants Joe Biden To Deliver a Massive, Illegal Handout to the Well-Off
Student debt cancellation would disproportionately benefit college degree holders with higher earnings.
