'Bidenomics' Is Failing Everyday Americans
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
Crony Capitalism
China Is No Economic Model for America
The country's current struggles show the problems of the Beijing way—and make the case for freedom.
Why We Can't Have Nice Things: Jones Act Traffic Jam
"It's just a very classic case of everything wrong with Washington."
Yellow Corporation To Close, Lay Off 30,000 Employees, and Likely Default on $700 Million Pandemic Aid Loan
The company blames much of its problems on the Teamsters trucking union's "intransigence," while the Teamsters say Yellow is delinquent on benefit payments.
Progressives and Populist Republicans Are Coming for Your Credit Card Rewards
New legislation would intervene in the credit card market to help businesses like Target and Walmart, who don't like the fees they have to pay to accept credit card payments.
'Bidenomics,' Like All Industrial Policy, Sucks
Plus: Does Tom Cruise really do all of his own stunts?
'Bidenomics' Is Nothing New
It's a familiar program. And it will result in higher prices, slower growth, and fewer jobs.
Tesla Solar Factory Not Living Up to New York's $1 Billion Investment
In exchange for $1 billion, the state expected 5,000 jobs and 1,000 installations a week. Instead, it reported 1,700 jobs, most of them Tesla data analysts, and 21 installations per week.
Ohio E.V. Manufacturer Fails Despite Millions in Taxpayer Subsidies
Lordstown Motors received $24.5 million to operate an Ohio factory. G.M., the factory's previous owner, received $60 million before shuttering it.
City Council Indictment Shows How L.A.'s Overregulated Housing Market Breeds Corruption
City Councilmember Curren Price is indicted for steering favors to affordable housing developers who were bribing his wife.
Movie Industry Says Georgia's Film Tax Credits Are Great. State Auditors Say They're a Waste of Money.
Contradicting a new report funded by entertainment industry advocates, state auditors have cast significant doubts on the tax credit program's actual effectiveness.
Michigan Has Given the E.V. Industry $1.4 Billion and Counting
Carmakers don't need a crony-capitalist slush fund.
Conservatives Pushing 'Common Good Capitalism' Sound a Lot Like Progressives
The ideology champions the same tired policies that big government types predictably propose whenever they see something they don't like.
States Spend Billions on Economic Development Deals With Little Return
In a new report, the Center for Economic Accountability analyzed economic development data from all 50 states and the District of Columbia, and there's very little to show for billions in annual spending.
Stadium Subsidy Stupidity Hits New Record
Taxpayers are on the hook for $1.26 billion for a new stadium in Nashville.
Georgia Is Shoveling Cash Into a Failing Electric Vehicle Company
In 2021, the state of Georgia made an expensive bet on an unproven company that could be headed for financial catastrophe.
Tennessee Will Use Eminent Domain To Evict Black Farmers for Ford E.V. Factory
The state promised Ford nearly $900 million in incentives, including new and upgraded roads. But it chose to run that new road through a number of black-owned farms.
The Inflation Reduction Act Is Screwing Up the Market for Electric Vehicles
Volkswagen unveiled a cheap new electric concept car, but protectionist policies mean it's not worthwhile for the company to introduce it in the U.S.
North Carolina Using Eminent Domain To Seize Homes and a Church for Electric Car Factory
Under the Kelo v. New London Supreme Court decision, a state can take private land to give to a private developer for almost any reason it wants.
America Needs a Better Kind of Capitalism
Big corporations and entire industries constantly use their connections in Congress to get favors, no matter which party is in power.
The Government Is Subsidizing Microchip Firms—While Making It More Expensive To Produce Microchips
Politicians say they want to subsidize various industries, but they sabotage themselves by weighing the policies down with rules that have nothing to do with the plans.
PredictIt Helps Forecast Election Results. Bureaucrats Are Trying To Kill It.
Election betting markets are often more reliable than pundits. Did the site steal user funds? No. Did they lie to people? No. Harm anyone? No.
Youngkin Nixes Ford Electric Vehicle Plant Over Anti-China Paranoia
The factory may have been a bad deal for Virginia, but tying the decision to Chinese aggression is the wrong move.
Is It 'Treason' To Support Free Trade?
Shipping industry insiders floated a recommendation to charge critics of the Jones Act with treason, according to documents obtained through a Freedom of Information Act request.
Politicians Who Supported $54 Billion in Airline Bailouts Now Pose as Industry Critics
Political criticism of Southwest's mass flight cancelations mask a cronyist relationship between government and the passenger airline industry.
Free Market Think Tank Names Georgia Electric Vehicle Plant the 'Worst Economic Development Deal of 2022'
Rivian, an electric truck manufacturer that hopes to compete with Tesla, received a lucrative deal to build a new factory in Georgia despite concerns about its finances.
Semiconductor Manufacturers Don't Need More Subsidies. They Need Less Government.
Fixing federal permitting rules and easing immigration policies would help companies like the Taiwan Semiconductor Manufacturing Company, which are interested in building more plants in America.
Farm Subsidies and Food Stamps Won't Fix High Grocery Prices. Innovation Will.
With government meddling, many farmers end up doing less with more, and people end up paying more for less.
Markets Aren't Perfect, but Government Is Worse
The free market allows people to cooperate, fix errors, and adapt to changing circumstances.
Somebody in the Shipping Industry Wants Opponents of the Jones Act Charged with Treason
There’s nothing patriotic about a law lining the pockets of cargo companies at the expense of consumers.
Ohio Pledges Over $150 Million in Taxpayer Money for Honda Factories
Honda, one of the world's largest automakers, announced it would spend $4 billion building and upgrading factories in Ohio. The state is showering it with public funds anyway.
The Government Should Be Pro-Market, Not 'Pro-Business'
Businesses are all in favor of competition, tax cuts, and deregulation only until they aren't—meaning only until subsidies might benefit them.
Ford's E.V. Charger Mandate Shows How Broken Dealership Laws Are
The current franchise dealership model does not benefit consumers. It also may not benefit dealerships.
Brett Favre Goes on Welfare
How the former NFL quarterback convinced Mississippi to spend its public assistance money on a volleyball facility.
The Biden Administration Is Taking From the Poor and Giving to the Rich
From student debt cancellation to green subsidies, the White House is giving handouts paid for by hardworking lower-wage Americans.
A Few Ideas for the Better Government Americans Desperately Want
From cronyist subsidies to an unfair tax code, there are several key fixes Congress could make to better serve the public.
The Democrats' New Inflation Bill Includes Tax Credits for Electric Vehicles That Don't Exist
Even Democrats are criticizing the bill's unrealistic expectations.
The CHIPS Act Is Corporate Welfare Disguised as Industrial 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.
Terrible Restrictions on Food Trucks Are Still a Thing
Atlanta, Sioux Center, and too many other cities and towns are still treating food trucks like second-class businesses.
Crony Capitalism Is Apparently Business-Friendly
North Carolina wins "America's Top State for Business" by picking winners and losers.
South Carolina Will Let This Hospital Bypass Its Certificate of Need Laws, but That's It
Another example of the infuriating cronyism behind CON regulations, which won't apply to a well-established hospital in Charleston that's looking to move.
Biden's Plan for Reducing Inflation Will Actually Make It Worse
The president's argument is amazing for its tone-deafness, inconsistent thinking, and sheer economic ignorance.
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.
The Export-Import Bank's New 'Made in America' Corporate Welfare Scheme
The bank's new domestic financing program is a poorly defined, unnecessary exercise that will throw taxpayer money at projects the private capital markets have deemed too risky.
Congress' Latest Attempt To Rein In Big Tech Will Hurt Consumers
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.
Good Riddance to Ralph Northam and Terry McAuliffe
Virginia is moving on without the Democratic duo.
Elon Musk: Government Is 'the Biggest Corporation, With a Monopoly on Violence, Where You Have No Recourse'
Musk's finally ready to admit that government subsidies distort markets and that government actors are terrible at capital allocation.
Amy Klobuchar and Tom Cotton's Big Tech Anti-Monopoly Bill Exempts Their Preferred Firms
Plus: Much ado about Big Bird, one neat trick for fixing Facebook (do nothing), and more...