Even before the pandemic spending increase, the budget deficit was approaching $1 trillion. The GOP has the chance to embrace fiscal sanity this time if they can find the political will.
As skyrocketing costs and mass exoduses define the Golden State, Democrats face a crucial reckoning.
The bipartisan embrace of industrial policy represents one of the most dangerous economic illusions of our time.
Donald Trump and Kamala Harris are polling terribly because they are terrible people representing terrible parties.
Even the poorest citizens of free countries fare better than the middle classes in economically repressive nations.
David Leonhardt and John Early debate stagnation, inequality, and how people feel about the economy.
Market-based economies create incentives that unleash human creativity and provide incredible abundance.
These policies may sound good on paper—but they would be disastrous in reality.
When they entered the White House, the budget deficit was a pandemic-influenced $2.3 trillion, and it was set to fall to $905 billion by 2024. It's now twice what it was supposed to be.
Everyone benefited when I manufactured my invention in China, but Americans benefited more.
And it would wreck the economy.
Plus: Israeli troops cross into Lebanon, prayer illiteracy on full display, veeps joust, and more...
If the former president wins the 2024 race, the circumstances he would inherit are far more challenging, and several of his policy ideas are destructive.
His ideas would leave us poorer and less free.
Reason's Nick Gillespie asked former President Donald Trump about how he plans to bring down the national debt.
The America of the past grew in spite of tariffs, not because of them.
Housing costs, job availability, energy prices, and technological advancement all hinge on a web of red tape that is leaving Americans poorer and less free.
Since when do government officials get to decide that a market is “oversaturated”?
Economist and author Kyla Scanlon discusses inflation, economic narratives, and the housing market.
Both campaigns represent variations on a theme of big, fiscally irresponsible, hyper-interventionist government.
Americans need a politician dedicated to unwinding decades of government interventions that have driven up the cost of middle-class living.
Democrats are pushing a jarringly disconnected economic message.
A new poll challenges the protectionist narrative currently dominating both sides of the political aisle.
Should we blame Biden and the politicians applauding him for their unwillingness to address our looming fiscal disaster?
A few reasons to remain calm about the economy
People making the same income should be paying the same level of taxes no matter how they choose to live their lives.
It's good to hear a candidate actually talk about our spending problem. But his campaign promises would exacerbate it.
The New Right talks a big populist game, but their policies hurt the people they're supposed to help.
There seems to be general bipartisan agreement on keeping a majority of the cuts, which are set to expire. They can be financed by cleaning out the tax code of unfair breaks.
Growth of regulation slowed under former President Trump, but it still increased.
Opening night of the Republican National Convention programmed a central issue with a Trumpian twist: "Make America Wealthy Again."
Although former President Donald Trump's deregulatory agenda would make some positive changes, it's simply not enough.
The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.
The candidate who grasps the gravity of this situation and proposes concrete steps to address it will demonstrate the leadership our nation now desperately needs. The stakes couldn't be higher.
Chevron deference, a doctrine created by the Court in 1984, gives federal agencies wide latitude in interpreting the meaning of various laws. But the justices may overturn that.
The president has tried to shift blame for inflation, interest rate hikes, and an overall decimation of consumers' purchasing power.
Plus: Trump wants to cut federal spending, Mike Solana wants to save San Francisco, Canada wants to throw thought criminals in jail, and more...
Reasonable options include gradually raising the minimum retirement age, adjusting benefits to reflect longer life expectancies, and implementing fair means-testing to ensure benefits flow where they're actually needed.
Why aren't politicians on both sides more worried than they seem to be?
Many have seen their hours reduced—or have lost their jobs entirely.
Revolutionary AI technologies can't solve the "wicked problems" facing policy makers.
Price controls lead to the misallocation of resources, shortages, diminished product quality, and black markets.
Private unions have every right to exist, but that doesn't mean they're actually beneficial on net.
Revolutionary AI technologies can't solve the "wicked problems" facing policy makers.
If businesses don't serve customers well, they go out of business. Government, on the other hand, is a monopoly.
"We should be building a wall around the welfare state, not the United States," Nick Gillespie argued at a recent immigration debate.
In the Jim Crow South, businesses fought racism—because the rules denied them customers.
Despite their informal nature, those norms have historically constrained U.S. fiscal policy. But they're eroding.
