Industrial Policy Isn't About Creating Jobs
It's a short-sighted approach that distracts us from the more important question.
Economy
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.
Why Did Joe Biden Stop Talking About the Deficit?
The federal budget deficit has exploded under Biden's watch, and he can no longer pretend otherwise.
'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.
This Election Season, Beware of These False Promises
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.
The Next President Needs To Cut Spending
At a minimum, the national debt should be smaller than the size of the economy. A committed president just might be able to deliver.
Turns Out 'Bidenomics' Means Top-Down Economic Control
Joe Biden's big economic speech is a poor attempt at a branding exercise.
Fearmongering Won't Solve Climate Change
Global warming is an issue. But there are other pressing problems that deserve the world's attention.
Economic Freedom Is Declining in the U.S.
We once ranked No. 4 in the world, according to the Heritage Foundation. Now we're 25th.
The Fed Won't Save Us From the Inflation Iceberg
Plus: Was Gerald Ford right to pardon Richard Nixon?
The Debt Ceiling Deal Does Not Go Nearly Far Enough
Projections of huge savings are making the rounds. Nothing could be further from the truth.
Taxing the Rich Will Have No Meaningful Effect on Our Sky-High National Debt
The U.S. tax system is extremely progressive, even compared to European countries—whose governments rely on taxing the middle class.
Do the Natcons Get Anything Right?
Plus: A listener asks if the Roundtable has given the arguments of those opposed to low-skilled immigration a fair hearing.
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.
Biden's Experience Doesn't Mean He Can Plan an Economy
No amount of experience can solve the "knowledge problem."
The Debt Ceiling Fight Is a Reminder of America's Dire Fiscal Future
The longer we wait to address our debt, the more painful it will be.
Inflation Ticks Higher in April as Rents Keep Rising
Is this the new normal, and will Joe Biden pay a political price for it?
The Government Wants To Cap Credit Card Late Fees. It Will Hurt the Poor.
Delayed payments will increase, and companies will respond by raising interest rates—or denying low-income applicants outright.
'It's Like Stockholm Syndrome': Gloria Álvarez Is Trying To Save Latin America From Socialism
"If there is freedom, private property, rule of law, then Latin Americans thrive," says the social media star.
Oren Cass Notices One of Industrial Policy's Fatal Flaws
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.
Regulators Seize First Republic Bank and Sell It to JPMorgan Chase
Plus: Twitter complies with a greater portion of government censorship requests, a judge allows an antitrust suit against Google to go forward, and more...
The Federal Reserve Was Supposed To Ease Economic Instability. Instead, It's Made It Worse.
A responsible political class would significantly reform the organization. Instead, they will likely continue to give it more power.
Republicans' and Democrats' Refusal To Reform Social Security and Medicare Is Political Malpractice
In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.
Banning Chinese Products in the Name of 'National Security' Could Have Disastrous Consequences
It would result in shortages, decreases in productivity, and higher production costs affecting millions of American workers and nearly every consumer.
Of Course, the Trump Indictment Is Political
Plus: A listener asks the editors if the nation is indeed unraveling or if she is just one of "The Olds" now.
New Regulations Won't Stop the Next Bank Collapse
Plus: Another campus free speech debacle, foreign cheese groups lose Gruyere trademark case, and more...
Biden's New Budget Would Hike Taxes and Wage Class Warfare
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
Inflation Isn't Going Away
Prices rose by 0.4 percent in February and core inflation was up 0.5 percent, the third consecutive month that it has increased.
Bailouts Should Not Be the Norm
During the pandemic, the U.S. mortgage market avoided collapse without any bailouts. Here's how.
Yes, There Are Libertarians During Bank Runs
Plus: The editors recommend the best books for sparking interest in free market principles.
Want To Beat China? Let in More Chinese!
More immigration from China would both hobble a geopolitical rival and make America richer and better.
How the Fed Broke Silicon Valley Bank
The Fed's anti-inflation measures had to hurt someone.
Everyone Is Learning the Wrong Lessons From the Silicon Valley Bank Collapse
Plus: Fox News troubles, junk statistics about illicit economies, and more...
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.
Virginia Next for Occupational Licensing Reform
The state will fast-track applicants who have out-of-state credentials or experience.
The Answer to Population Decline Is More Immigration
Politicians' go-to fixes like child tax credits and federal paid leave are known for creating disincentives to work without much impact on fertility.
New York Floats a Crackdown on Independent Workers
Like California’s ruinous A.B. 5, the proposal would greatly harm freelance employment.
Is Inflation Sneakily Starting To Rise Again?
January's consumer price data indicates another drop in annual inflation, but the past three months might tell a different story.
The Fight Over the Debt Ceiling Is Just Beginning
Legislators will increasingly argue over how to spend a diminishing discretionary budget while overall spending simultaneously explodes.
Democrats Say They Support Green Energy. Why Do Their Policies Say Otherwise?
If you look closely, you'll find a lot of contradictions.
Social Security Is on the Brink of Collapse. The GOP Won't Touch It.
In 1950, there were more than 16 workers for every beneficiary. In 2035, that ratio will be only 2.3 workers per retiree.
Lockdowns Had Little Impact on COVID-19
Data show Florida and New York had similar death numbers despite vastly different approaches.
Trump's Tax Returns Show What Sort of Tax Reform We Need
But partisans are having the wrong debate.
Congress and the Federal Reserve Could Be Setting Us Up for Economic Disaster
If lawmakers keep spending like they are, and if the Fed backs down from taming inflation, then the government may create a perfect storm.
How To Empower Millions of Independent Workers
Deregulation can help the millions of people who prefer flexible, independent jobs.
Congress Can Reduce the Deficit by $7.7 Trillion in 10 Years
The Congressional Budget Office projects that future deficits will explode. But there's a way out.
