Say No to This: America's Fiscal Norms Are in Decline
Despite their informal nature, those norms have historically constrained U.S. fiscal policy. But they're eroding.
Economy
Inflation Is So Back
Consumer prices rose 0.4 percent in March and the annual inflation rate ticked up to 3.5 percent, the highest rate seen since September.
Milei Sets Aside Dollarization Plan Due to Politics
In a recent interview, the Argentine president said he would have ended up in prison if he dollarized the economy.
Politicians Are Showering Manufacturing Companies With Crony Subsidies for 'Job Creation.' It Won't Work.
These handouts will flow to businesses—often big and rich—for projects they would likely have taken on anyway.
Trump and Biden Both Get Globalization Wrong
Free trade brings us more stuff at lower prices.
Biden Is Against Corporate Welfare Except When He's for It
Government officials seek to shape the economy to the liking of politicians.
Most Americans Aren't Buying Biden's Misleading Narrative That the Economy Is Getting Better
The question of how best to measure inflation has no single and straightforward answer, but most people know that the president's economic claims aren't true.
Opposition to U.S. Steel Sale Shows How Similar Biden and Trump Are on Trade
Economic nationalists are claiming the deal endangers "national security" to convince Americans that a good deal for investors, employees, and the U.S. economy will somehow make America less secure. That's nonsense.
Biden's Proposed Corporate Tax Hike Will Punish the Average American
The president wants to raise the rate from 21 percent to 28 percent, despite it being well-established that this is the most economically-destructive method to raise government funds.
New Inflation Numbers Keep Economic Concerns Front and Center
The eroding value of the dollar inflicts pain, and Americans resent politicians who cause it.
Inflation Isn't Imaginary
Plus: Chinese border-crossers, gender transitions for kids, the politics of raw milk, and more...
A Bipartisan Tax Hike Won't Fix This Deficit
The government needs to cut back on spending—and on the promises to special interests that fuel the spending.
The Economy Is Doing Way Better Than Many Believe
Despite the popular narrative, Millennials have dramatically more wealth than Gen Xers had at the same age, and incomes continue to grow with each new generation.
Expanding the Child Tax Credit Would Perpetuate Systemic Poverty
The policy is a true budget buster and is ineffective in the long term.
The Sindex: Cigarette Prices Outpacing Inflation
The Reason Sindex tracks the price of vice: smoking, drinking, snacking, traveling, and more.
Shrinkflation Is Real—and It's Largely Biden's Fault
The president criticized companies for selling "smaller-than-usual products" whose "price stays the same." But it was his and his predecessor's spending policies that caused the underlying issue.
The Best of Reason: The Bankruptcy of Bidenomics
Biden's economic policies gave us three years of excessive, wasteful, and poorly targeted federal spending.
Will Outdoor Recreation Save Appalachia?
Smokestack-chasing is out. A diversified economy based on environmental protection is in. But will it work?
Bureaucrats Are Moving To Cap Bank Overdraft Fees, Which Will Hurt the People It's Meant To Help
Many who see overdraft protection as preferable to other short-term credit options will have fewer choices as some banks decide the service isn't worth offering anymore.
The Bankruptcy of Bidenomics
Biden's economic policies gave us three years of excessive, wasteful, and poorly targeted federal spending.
The Bankruptcy of Nostalgianomics
Americans are wealthier today than in the 1960s. That's not because of Bidenomics; it's because of six decades of progress.
Argentina, Once One of the Richest Countries, Is Now One of the Poorest. Javier Milei Could Help Fix That.
The new libertarian president believes in free markets and the rule of law. When people have those things, prosperity happens.
Nike Sued Him for Making 400 Pairs of a Reimagined Air Jordan 1
"How small do you have to be for Nike not to care?"
What Javier Milei Could Teach Democrats and Republicans About Capitalism
His speech in Davos challenged the growing worldwide trend of increased government involvement in economic affairs.
New York Wants To Help More International Students Become Entrepreneurs
The plan will help provide “university-sponsored visas that allow them to continue performing and commercializing research without leaving the state.”
Interest Rates Are High. GOP Presidential Candidates Need To Get Serious About It.
They will either reduce the ability to spend money or to cut taxes.
On Economic Issues, the Populist Right and Left Share a Lot of Common Ground
That's bad news for Americans.
3 Economic Myths That Need To Die
As we step into 2024, it's crucial to adopt a more informed perspective on these dubious claims.
Milei Brings His Chainsaw to Argentina's Regulatory State
If passed, the new libertarian president's omnibus bill of reforms could help Argentina reverse decades of government failure.
All I Want for Christmas Is for Congress To Exercise Fiscal Restraint
Lawmakers can take small steps that are uncontroversial and bipartisan to jumpstart the fiscal stability process.
Milei's New Anti-Protest Measures Are Put to the Test
Milei's critics have argued the government's measures are a "criminalization of the right to protest," but a closer look shows that those concerns are somewhat exaggerated.
Milei Begins Shock Therapy in Argentina
The self-described anarcho-capitalist president devalued the peso, halved government ministries, and announced a series of spending cuts.
Why Is Nike Stomping On Independent Creators?
Nike should welcome the reinvention of their popular shoes.
Yes, Heavy Regulation Hurts the Economy. Just Look at France.
We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways?
Here's One Way To Move Toward Responsible Government and Sane Fiscal Policy
The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.
Spending Recklessly in Good Times Is a Recipe for Disaster in Bad Times
Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.
Don't Believe Janet Yellen's Shoddy Wartime 'Girl Math'
Plus: President Joe Biden’s weird economy and Rep. Mike Johnson as the unlikely new speaker of the House of Representatives.
Democrats Say They're Fighting Inequality. But Many of Their Policies Favor the Rich.
Over the last several years, they have worked nonstop to ease the tax burden of their high-income constituents.
Americans Learned a Lesson About Interest Rates. Washington Has Not.
Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
In Guatemala, Protests Have Brought Economic Life to a Halt
Few doubt the right of Guatemalans to protest. The challenge arises when protests exact a heavy toll on the well-being of its citizens.
No, Low Interest Rates Did Not Justify Adding Trillions of Dollars to the National Debt
Especially because the once-dismissed possibility of rising rates is now a reality.
The Real Scandal in Washington Is the Government's Reckless Spending
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.
'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.
Despite the Doomsday Narrative, Global Inequality Has Significantly Declined
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.
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.
The Biden Administration's Antitrust Changes Would Be Great for Bureaucrats—and Bad for Consumers
The guidelines would ignore decades of academic findings about how firm concentration can have a positive impact on consumers' welfare.
Is the Budget Process Broken, or Is Congress Just Refusing To Do Its Job?
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.
