Forcing Restaurants to Pay Servers More Will Cost Everyone
Eliminating the tip credit will raise prices for consumers and leave fewer jobs for servers.
Economics
Does Fractional Reserve Banking Pose a Threat to the Economy? Watch the Livestream.
Economists Robert Murphy and George Selgin face off at the Soho Forum.
Backpage Plea to Texas Sex Trafficking Charge Turns On CEO's Admission to Brokering Adult Prostitution
Backpage CEO Carl Ferrer turned over the company and seven other executives in exchange for leniency.
Americans Have a Dangerous Deficit in Trade Understanding
It doesn't matter if those to whom you sell goods or labor are not the same as those from whom you buy these things. The same goes for America.
Special Interest Groups Want to Slaughter the Lab-Grown Beef Business
The cattle industry would rather rent-seek than compete.
California's War on 'Economic Crimes' Sounds Like Something From Soviet Russia
A state senator wants to crack down on "economic crimes" in the state's underground economy.
Live Debate in NYC 4/16: Does Fractional-Reserve Banking Undermine Free Markets?
Texas Tech's Robert Murphy squares off against Cato's George Selgin in New York on Monday, April 16.
Today's 'Balanced Budget Amendment' Is a Month Late and $1 Trillion Short
Thursday's vote is an empty gesture. Worse, it's a hypocritical one.
Are Trillion-Dollar Deficits the New Norm?
It's time to wise up and start curtailing America's mounting debt.
Republicans Have Finally Been Revealed as the Party of Fiscal Ruin
As Paul Ryan exits, a new CBO report confirms the extent of the GOP's damage to the nation's budget.
How Congress Could Stop Trump's Trade War, and Why It Might Not
Senate Majority Leader Mitch McConnell says he's "nervous" about getting into a global trade war. Here's what he could do to prevent one.
D.C. Government Thinks It Found the Real Problem With EPA Administrator Scott Pruitt's Sweetheart Condo Deal
The Scott Pruitt condo scandal is all about rent-seeking, but not in the way the D.C. city government seems to think.
Car-Sharing Bill Typifies California's 'Crony Capitalist' Approach to Innovation
Rental-car companies are facing the same challenges as other established businesses in the internet age. One state lawmaker wants to protect them from change.
10 Ways Trump's New Tariffs Will Piss You Off
And 1,300 more that will make you scratch your head.
Kentucky Teacher Protests Are Political Theater Without Substance
Teachers have shut down schools across the state, allegedly to protest pension changes. But those pension reforms are pretty mild.
When Trump Goes to War With Amazon, Everybody Loses: Podcast
The greatest conflict of our time enters a new phase.
Everyone Loses as China Escalates Trade War With Tariffs on American Pork, Fruit, and More
"No one wins in these tit-for-tat trade disputes, least of all the farmers and the consumers."
'They're More Conscious and More Awake than My Generation Was'
Whole Foods' John Mackey on why he's optimistic about American youth, his company's merger with Amazon, and the spread of 'conscious capitalism.'
This American Metalworking Company Is Already Paying Up to 30 Percent More for Steel Thanks to Trump's Tariffs
"Those are traumatic increases. They are shocks to our system," says Mike Schmitt, CEO of The Metalworking Group, an Ohio-based manufacturer.
How Trump's Steel Tariffs Harm America
The American people will suffer more than the moguls in the steel industry will benefit.
A One-Page Provision About Minor League Baseball Shows How Broken Congress' Legislative Process Is
Congress kneecapped minor league ballplayers' lawsuit with last week's omnibus bill. Even if that was the right thing to do, the way it was done is wrong.
FDA's Low-Nicotine Cigarette Scheme Is an Invitation to Black Market Vendors
People will find sources for what they want no matter what presumptuous regulators say.
Your Friday Cliffhanger: Will Trump Sign or Veto the Omnibus? (UPDATE: Trump Signs)
The president wants his border wall funding.
The New Omnibus Is Terrible Because Congress Is Broken
The spending bill is a product of a broken, secretive, centralized legislative process.
Even Protectionists Agree: Tariffs Will Cost American Jobs
A pro-tariff organization projects the best-case scenario for tariffs, and it still ends up looking pretty bad.
Trump Says He's 'Delivering' for Farmers. His Steel Tariff Says Otherwise
"There's not a day on the farm when a farmer doesn't touch steel," says Rep. David Young. And all that steel is about to get more expensive.
Congress Is Still Ignoring Its Spending Problem as Deadline Looms for $1.3 Trillion Spending Bill
Four out of five voters agree that Washington has a spending problem, but a new omnibus spending bill will add yet more to the national debt.
Trump's Tariffs Will Make Housing More Unaffordable
Steel tariffs are likely to make prices rise further, particularly in markets where housing demand is already outpacing supply.
Philly Tax Spurs Black Market Soda Smuggling
A beverage tax provokes a strange but predictable response.
Larry Kudlow Is a Big Upgrade for Trump's White House
Let's hope he mitigates the president's worst protectionist instincts.
Trump Doesn't Understand How Tariffs Work, Brags About Making Up Trade Stats
From "bowling ball tests" to tariffs, the president doesn't know what he's talking about. His ignorance grows more dangerous each day.
Mostly Weekly Series Finale: Creative Destruction
In the final episode, we tackle how free markets break and make stuff.
Climate Change Problems Will Be Solved Through Economic Growth
"How bad will climate change be? Not very."
Kick the Keg: Trump's Tariffs Might Kill Last American Keg Manufacturer
"Tariffs will inadvertently drive the price of American steel higher," says American Keg CEO Paul Czachor.
'Trade Wars' Don't Put Americans First
You cannot advocate trade restrictions without also advocating state-bestowed privilege.
Commerce Secretary Wilbur Ross Should Shut Up About Soup Cans, Already
If he believes this economically illiterate nonsense, he shouldn't be trusted to run the Department of Commerce. If he doesn't believe it, neither should you.
Trump Orders Tariffs on Steel and Aluminum. Can Congress Stop Him?
A 25 percent tariff on steel and a 10 percent tariff on aluminum will take effect in 15 days, unless GOP lawmakers take unusual steps to stop them.
Nordic 'Glass Ceiling' Shows How Gender Equity Suffers From Government Overreach
"The rise of the Nordic welfare state has been a double-edged sword" for women's professional progress.
U.S. Steel CEO Celebrates Tariffs That Will Help His Industry and Hurt Everyone Else
The benefits of a huge new tariff on steel will be highly concentrated in the steel industry, while the costs will be borne by other parts of the economy.
Trump's Tariffs Will Hurt America's Automobile Industry, Including Workers Who Build Cars
And the EU's response to the tariffs will whack workers who build motorcycles.
Rand Paul, on Trump: 'I Think He Will Sign Audit the Fed if We Can Get it to Him'
Given the state of the modern GOP, that's a very big "if." But the senator is trying for a vote again this week.
4 Bad Arguments for Trump's New Tariffs
When it comes to trade, the president believes a lot of nonsense.
