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.
Big corporations and entire industries constantly use their connections in Congress to get favors, no matter which party is in power.
When politicians manipulate industry, the public pays the price.
The legislation, which forbids shipping anything between American ports in ships that are not U.S. built and crewed, is just another a special deal that one industry has scammed out of Congress.
If Congress wants to spend taxpayer money on child care services, it should pass a bill authorizing that.
Politicians' go-to fixes like child tax credits and federal paid leave are known for creating disincentives to work without much impact on fertility.
Global hunger declined for decades before pandemic policies and Russia’s invasion broke the world.
It's a fundamental contradiction that's affected the Biden administration's economic policy for the past two years.
These days, he may run for president. His politics have changed.
Joe Biden could take advantage of the expanded executive authority over trade that Donald Trump helped create.
Shipping industry insiders floated a recommendation to charge critics of the Jones Act with treason, according to documents obtained through a Freedom of Information Act request.
The warning signs are flashing "don't be like China."
We’d all be better off if politicians spared us their experiments in subsidies, wages, and trade.
After two terms in the Senate as a champion for free markets and limited government, Pennsylvania's Republican senator is heading into retirement.
The maritime industry inserted some protectionism into the National Defense Authorization Act.
Unless Congress takes action, those tariffs will return on January 1. And the baby formula shortage hasn't yet passed.
With the FORMULA Act soon to expire, the U.S. baby formula market is about to return to the conditions that left it so vulnerable to a shortage in the first place.
You can’t turn lives and economies off and on without inflicting lingering harm.
Despite Tyler Cowen's argument for the elite theory, the real divisions have much more to do with the New Right's nationalism.
Until next year's, because capitalism is always making things better.
Amid initial concerns about the 'Buy American' electric vehicle tax credit, the European Union is now considering further protectionist retaliation.
The Buy American program, used to encourage the buying of American made electric vehicles, not only limits access to EVs but risks a trade war with the E.U.
Joe Biden adopted his predecessor’s protectionism, threatening our peace and prosperity.
That's in addition to advocating for opponents of the law to be charged with treason.
There’s nothing patriotic about a law lining the pockets of cargo companies at the expense of consumers.
It’s only one vessel, but the U.S. domestic shipping cartel, protected by the awful Jones Act, is screaming about it.
The island is begging the Biden administration to allow foreign ships to bring fuel to help restore power. But entrenched maritime interests balk at competition.
Between the books and the new TV series, we see two different visions of freedom.
The senator from Florida calls for tariffs on imported fruits and vegetables.
As American politicians turn against economic openness, history suggests the consequences could be dire.
Only time will tell if Truss reverses the big spending style of her predecessor.
Who does he think ultimately pays those taxes?
Tariffs are a regressive tax that have driven inflation higher and harm poorer families the most.
Plus: The editors examine proposed CDC reorganization and field a question on free trade.
Why should we believe that this boondoggle will produce better results than hundreds of other corporate welfare programs?
In 2017, a bizarre amendment to an international treaty threw American guitar makers into a panic.
Tariffs were supposed to make American chemical products more competitive. They made Chinese products more competitive instead.
The FDA should not stand in the way of parents doing what’s best for their children.
Any gains seen by the steel industry from tariffs have been overshadowed by the losses for downstream companies and higher prices for consumers.
Seafood prices have gone up by double digits as tariffs and inflation drive up costs for consumers
The U.S. International Trade Commission will hear from businesses harmed by tariffs at a hearing on Thursday.
The agency is now taking small steps to allow foreign formula manufacturers to import their goods into the U.S.
Hey, we're still mad about those things today!
The video game serves as a fun reminder that free trade, not protectionism, makes us all better off.
But despotic brutality is once again pushing millions to the brink of starvation.
The Ocean Shipping Reform Act fulfills the political need to do something but probably won’t help.