Economics
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.
Honduras Ends Its Experiment With Charter Cities
No more new ZEDEs will exist, after a unanimous congressional vote to end program; existing ZEDEs are optimistic their deals will be honored.
Americans Want Change. Private Mints Are the Solution.
Congress should stop preventing the private sector from making its own coins.
The $1.7 Trillion F-35 Fighter Jet Program Is About To Get More Expensive
GAO: Congress has been buying planes that lack crucial parts and haven't undergone full testing, so costly upgrades will eventually be needed.
Facing Fauci's Fury: Q&A with Dr. Jay Bhattacharya
The Stanford professor and Great Barrington Declaration coauthor stands up to COVID-19 autocrats and disastrous lockdowns by following the science.
Congress Won't Legalize Pot Anytime Soon, but It Could Protect Marijuana Businesses by Passing Banking Reform
Chuck Schumer seems less interested in achieving cannabis reform than in making political hay from his inevitable failure.
California Cities Are Rethinking Their Marijuana Business Bans
Nearly two dozen towns that had said no to legal weed shops are reconsidering.
France's Authoritarian Establishment Faces Off Against the Even Uglier Authoritarianism of the Far Right
French President Emmanuel Macron is authoritarian-light. Candidate Marine Le Pen is worse.
Who's Really To Blame for Inflation?
No matter how you slice it, no one person or policy is solely to blame for surging inflation.
The Case for Uber Surge Pricing After a Mass Shooting
In criticizing the move, the New York Post got basic economics wrong.
Europe Targets Self-Hosted Bitcoin Wallets—and Financial Privacy
Proposed EU rules would be equivalent to tracking all cash transactions
The Restaurant Industry Doesn't Need Another Bailout
The Restaurant Revitalization Fund Replenishment Act would give restaurants another $42 billion in grants to cover the lingering costs of the pandemic.
High Inflation Means Rising Tax Bills
The current run of price and wage increases could tip taxpayers into higher brackets, where they will owe larger slices of their income to the government.
Tax Day Is Here, Because Government Bungling Won't Pay for Itself
If you resent government incompetence and malice, maybe your devalued dollars will buy less of it.
States Are Flush With Cash
There's a lesson here for the federal government the next time a national economic crisis strikes: The states don't need bailouts.
Don't Expect Unions To Make a Comeback
Despite the recent win against Amazon and Joe Biden's full backing, Big Labor is fading because workers are making progress without unions.
Biden's Billionaire Tax Wouldn't Just Hurt Billionaires
Wealth isn't held the way many believe it is.
The Feds Wasted 66,000 Green Cards in the Middle of a Worker Shortage
The immigration bureaucracy is worsening one of the tightest labor markets in recent American history.
Why Do Legalizers Keep Blocking Pot Banking?
Chuck Schumer claims to favor repealing the federal ban on marijuana. So why did he sink legislation that would have removed federal obstacles to banking services for pot businesses?
