The idea that the Fed has the knowledge necessary to control the economy with perfectly calibrated policies was always an illusion.
The free market allows people to cooperate, fix errors, and adapt to changing circumstances.
From immigration to drug reform, there is plenty of potential for productive compromise.
His administration has expanded deficits by $400 billion more than expected, even before we count recent spending.
Businesses are all in favor of competition, tax cuts, and deregulation only until they aren't—meaning only until subsidies might benefit them.
Democrats pander to immigrants but do little to liberalize the system. Meanwhile, Republicans' hostility to immigrants has increased.
This fiscal irresponsibility throws gasoline on the country's already raging inflation fire.
Government should not penalize investment, thwart competition, discourage innovation and work, or obstruct production.
From student debt cancellation to green subsidies, the White House is giving handouts paid for by hardworking lower-wage Americans.
From cronyist subsidies to an unfair tax code, there are several key fixes Congress could make to better serve the public.
Why should we believe that this boondoggle will produce better results than hundreds of other corporate welfare programs?
Many conservatives no longer appear to care much for fiscal conservatism.
More airline workers and more flights—not bailouts and restrictions on mergers—is the better policy.
If you believe that moving most of our chip production onshore is good for national security, you should labor for regulatory reforms rather than subsidies.
Government often proves to be biased against large, successful companies that legislators don't understand well but customers love.
Just as you don't attract bees with vinegar, you don't attract corporations by promising to tax them heavily.
Here's hoping we don't wind up with more of the spending and favoritism that's become so common.
Bureaucrats say they want to save lives. But they're moving to block a tool that is proven to help smokers quit entirely.
The inconvenient truth behind all the COVID-19 relief fraud and waste is that these government programs never should have been designed as they were.
Interest rates and servicing costs could push us into worrisome territory sooner than we think.
Despite a few encouraging analyses, the numbers just don't add up.
The president's argument is amazing for its tone-deafness, inconsistent thinking, and sheer economic ignorance.
It incentivizes high-noise, low-cost signaling rather than actual cultural changes.
There is seldom any meaningful accountability for government incompetence.
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.
Protectionist policies stymie trade and make Americans poorer.
The state has 1,288 independent special districts. But we aren't hearing significant GOP complaints about anyone's but Disney's.
French President Emmanuel Macron is authoritarian-light. Candidate Marine Le Pen is worse.
Wealth isn't held the way many believe it is.
Certain politicians would do well to learn that inflation is not caused by corporate "greed."
Some want to solve the problem with subsidies for gas, housing, child care, and more. That only risks greater stagnation.
Once again, Washington is giving us every reason to believe it's selling favors to cronies even if it means everyone else loses.
Congress continues to allocate funds to produce weapons that the Pentagon itself says it doesn't need.
We must face the reality that the debt does matter.
From the CDC to the FDA, there are too many missteps to list.
We were told it would be "transitory." But inflation continued to rise.
Both Republicans and Democrats want to address poverty with big government.
The idea would benefit central planners and grow the ranks of bureaucrats while making the poor even poorer.
Those who demand a revival of antitrust regulation to "promote competition" may not realize that they're inciting a revival of cronyism to suppress competition.
Boeing may love an additional handout, but such subsidies will be a net negative for the country's economy as a whole.
Using "we" implies a collective responsibility, creates the false impression that most people are on board, and hints that we'll share equally in the benefits.
According to a recent poll, only 22 percent of people believe that the current state of the economy is "good" or "excellent."
For decades, libertarians have focused on illiberalism coming from the political left. But authoritarianism has taken root among many conservatives across the world.
America needs to get its fiscal house in order.
You can support pre-K education and affordable child care and worry about climate change while understanding that policymakers need to get out of the way.
Studies show that support for mandated paid leave drops when employees find out what it costs them in take-home pay.
The unique civic and economic role of voluntarism and charity has been a core part of American culture for centuries.
The legislation will have a negative impact on the labor supply and send high prices soaring even higher.
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