The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.
Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.
Plus: President Joe Biden’s weird economy and Rep. Mike Johnson as the unlikely new speaker of the House of Representatives.
Over the last several years, they have worked nonstop to ease the tax burden of their high-income constituents.
Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
Few doubt the right of Guatemalans to protest. The challenge arises when protests exact a heavy toll on the well-being of its citizens.
Especially because the once-dismissed possibility of rising rates is now a reality.
Those sounding the loudest alarms about possible shutdowns are largely silent when Congress ignores its own budgetary rules. All that seems to matter is that government is metaphorically funded.
This progress has been widely shared, to the great benefit of the people at the bottom of the distribution.
Politicians Say They Want To Fight Climate Change. So Why Are They Fighting China on Electric Vehicles?
Rather than posing a national security threat, the growth of China's E.V. industry is an opportunity for global innovation.
The guidelines would ignore decades of academic findings about how firm concentration can have a positive impact on consumers' welfare.
Since Congress designed and implemented the last budget process in 1974, only on four occasions have all of the appropriations bills for discretionary spending been passed on time.
"Government in general does a lot of things that aren't necessary," says Jared Polis.
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.
Many politicians offer a simplified view of the world—one in which government interventions are all benefits and no costs. That couldn't be further from the truth.
Joe Biden's big economic speech is a poor attempt at a branding exercise.
Projections of huge savings are making the rounds. Nothing could be further from the truth.
The U.S. tax system is extremely progressive, even compared to European countries—whose governments rely on taxing the middle class.
The ideology champions the same tired policies that big government types predictably propose whenever they see something they don't like.
No amount of experience can solve the "knowledge problem."
The longer we wait to address our debt, the more painful it will be.
Is this the new normal, and will Joe Biden pay a political price for it?
Delayed payments will increase, and companies will respond by raising interest rates—or denying low-income applicants outright.
"If there is freedom, private property, rule of law, then Latin Americans thrive," says the social media star.
Cass says industrial policy will only work if the politicians can put aside political disagreements and partisan agendas. In other words, industrial policy will never work.
Plus: Twitter complies with a greater portion of government censorship requests, a judge allows an antitrust suit against Google to go forward, and more...
A responsible political class would significantly reform the organization. Instead, they will likely continue to give it more power.
In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.
It would result in shortages, decreases in productivity, and higher production costs affecting millions of American workers and nearly every consumer.
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.