New Study: Large Minimum Wage Hikes Especially Disadvantage Younger, Less Educated Workers
Taking advantage of variations in state minimum wage hikes, researchers find strong effects for bigger hikes, not much for smaller ones.
Economics
America on the Dole
Biden's American Families Plan would put most working-age American households on the dole.
When We Reject Immigrants, We Reject Trillions of Dollars in Wealth
Growing evidence confirms that barriers to immigration make us all worse off.
Once a Communist Backwater, Georgia Discovered the Benefits of Free Markets. Now It Risks Abandoning Them.
"Government should be very small. It should just regulate the minimum."
Elizabeth Warren Wants the IRS To Create Its Own TurboTax. What Could Go Wrong?
A simplified tax code is the answer, not giving the IRS more funding.
Economist John Cochrane Is Still Worried About the Debt
The U.S. national debt held by the public is currently almost $22 trillion, surpassing the country's annual GDP for the first time since World War II.
Louis Menand: 'Freedom Was the Slogan of the Times'
Why postwar culture from Jack Kerouac to Andy Warhol to James Baldwin to Susan Sontag to Yoko Ono battled boundaries hemming them in.
Does Bitcoin Have the Potential to Become a Generally Accepted Medium of Exchange?
Financial consultant John Vallis vs. George Mason University economist Lawrence H. White
Can Bitcoin Become the World's Money? A Soho Forum Debate
Financial consultant John Vallis vs. George Mason University economist Lawrence H. White
The Bill Will Come Due on Biden's Trillions
Biden's infrastructure package is really a jackpot for public unions and big business.
California, New York Have the Most To Gain From Ending Bonus Unemployment Benefits. They Probably Won't.
States that already had lower unemployment rates in May are more likely to have announced plans for ending the bonus unemployment payments.
Justin Amash on How To End the Civil War in the Libertarian Party
The only L.P. member to ever hold national office says the party needs to stop being gratuitously shocking and start making the principled case for limited government.
Vijay Boyapati: The Bullish Case for Bitcoin
The former Google engineer talks about inflation, the Austrian school of economics, and how bitcoin is revolutionizing banking.
How Bitcoin Could Replace the U.S. Dollar
Former Google engineer Vijay Boyapati talks inflation, the Austrian school of economics, and his new book on bitcoin.
The Conversion of Thomas Sowell
It wasn't until his thirties that the economist started to turn from Marxism.
Liberal Media Coverage Is Boosting Conservative Nationalists
Plus: Supreme Court to rule on Catholic foster agencies, tech associations sue over social media law in Florida, and more…
There's Nothing Modern About MMT
Similar measures have been tried before, right here in America, and they have worked. But that's actually not good news for MMT fans today.
3 Myths About American Decline
Politicians and the media are telling bogus stories about falling fertility rates, rising inequality, and lack of economic mobility.
Scott Winship: Don't Believe Horror Stories About Fertility Rates, Income Inequality, and Economic Mobility
Americans have a reputation for being cockeyed optimists, but we're suckers when it comes to "declension narratives" about the fallen state of our world.
The Gender Gap in Pandemic Job Losses Has Been Wildly Exaggerated
Jobs data casts doubt on the idea that the COVID-19 pandemic is uniquely setting women back.
Biden Claims 5 Past Fed Chairs Back His Jobs Plan, but 2 Are Dead and 2 More Have Been Quiet About It
Plus: Boomer electoral power dwindling, U.S. migration patterns appear linked to pandemic restrictions, and more...
New Jobs Report Shows the Government Gets the Unemployment It's Paying For
High unemployment benefits are getting the blame for disappointing job growth in the midst of a worker shortage
Biden's $2 Trillion Infrastructure Bill Will Hurt the Environment
The president says fighting climate change is one of his primary goals. His legislation would do no such thing.
Looming Budget Catastrophe in Pictures So Simple Even Congress Can Understand
Maybe drawings can deter elected officials from their outrageous spending habits where detailed reports have failed to attract their attention.
Economic Lessons From COVID-19
What the pandemic has re-taught us about the perils of planning, the power of incentives, and the complexities of externalities.
A Keynesian Warmonger Gets What He Deserves in the Otherwise Awful Without Remorse
A terrible, Tom Clancy-inspired action movie that ends in a lame speech touting war as economic stimulus.
How Economists Learned to Love Minimum Wage Hikes
Would raising the federal minimum wage to $15 an hour cost jobs?
Biden Wants To 'Make America California.' Here's Why That's a Terrible Idea.
So many people are leaving the state that it will soon lose a congressional seat.
The U.S. Economy Got Great News Today
We don't need Biden's 21st century 'New Deal' to rebound.
DoorDash Customer Fees Go Up Thanks To Dumb Regulations
Plus: Mask burning is freedom of speech, New York reaches recreational weed deal, and more...
Say No to More COVID-19 Relief Spending
The scale of the current relief efforts means that many Americans received more income during this pandemic than they did before it.
Should Businesses Only Focus on Shareholder Value? A Soho Forum Debate
Ayn Rand Institute's Yaron Brook says yes, Whole Foods' John Mackey says no.
These Doctors Exemplify the Virtues of Free Market Medicine
"Direct primary care is about as close to a free market in health care as you've ever seen in our country," says Dr. Lee Gross.
Thomas Sowell's Maverick Insights on Race, Economics, and Society
The peerless 90-year-old scholar is the subject of a new documentary and biography.
The Minimum Wage Is Terrible for America's Most Vulnerable Workers
Like so many well-intentioned policies, it hurts the people it's supposed to help.
Jason Riley: Thomas Sowell's Unique Insights on Race, Economics, and Politics
A new documentary and forthcoming biography pay tribute to the economist's intellectual fearlessness and commitment to empirical research.
Beware the COVID-19 Debt Hangover
Biden's proposed stimulus spending might give a modest boost, but in the long run it'll slow the economy.
The Trouble With Mitt Romney's Family Security Act
The plan would redistribute wealth, create distortions, and grow government.
CBO Says Raising Minimum Wage to $15 an Hour Would Kill Jobs, Because Obviously It Would
A higher federal minimum would reduce employment and increase the deficit, according to a new nonpartisan government analysis.
Biden Signals Retreat From Nonsensical Minimum Wage Hike in COVID-19 Relief Bill
"I don't think it is going to survive," Biden said on Sunday, though he promised to push for a higher minimum wage as a stand-alone bill in the future.
Walter Williams, RIP
The free market economist and iconoclast died in December at the age of 84.
How Biden Is Repeating Trump's Mistakes
The more things change, the more they stay the same.
Political Problems Are Policy Problems
The market's failure to produce an ideal outcome cannot alone justify activist policy, because governments can also fail to produce the ideal.
A Higher Minimum Wage Lowers Opportunities for America's Poorest Workers
Minimum wage jobs aren't supposed to be career choices, but stepping stones on the way to other things. Everyone has to start out somewhere.
The Economist Who Says Schools Are Safer Than You Think
When the feds failed to track COVID-19, Emily Oster stepped in.