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.
Especially because the once-dismissed possibility of rising rates is now a reality.
President Biden commemorated the 25th anniversary of his tragic death by celebrating legislation passed in Shepard's name. But it was based on a major falsehood.
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.
Mayor Brandon Johnson should remember the sorry history of state-run supermarkets.
Who cares if Americans can't answer basic civics questions?
The city wanted to bring in more money, in part for early childhood education. But such taxes are disproportionately paid by the poor.
The White House plans to boost federal workers' pay by 5.2 percent, the largest increase since 1980.
Rather than posing a national security threat, the growth of China's E.V. industry is an opportunity for global innovation.
The country's current struggles show the problems of the Beijing way—and make the case for freedom.
People should be free to choose how cautious to be. Mask mandates, lockdowns, and closing schools won't stop the virus.
Mug shots are not taken to humiliate a defendant before they've been convicted. But that's the purpose they widely serve now.
Legislators abuse the emergency label to push through spending that would otherwise violate budget constraints.
The doomsday consensus around climate change is "manufactured," says scientist Judith Curry.
"Government in general does a lot of things that aren't necessary," says Jared Polis.
It's a short-sighted approach that distracts us from the more important question.
New York politicians got out of the way for once, and something beautiful happened.
The Center has gotten rich in part thanks to its "hate map," which smears many good people.
Civil forfeiture is a highly unaccountable practice. The justices have the opportunity to make it a bit less so.
Pandemic policies, anti-terror efforts, and feuding factions erode Americans’ liberty.
The 2024 hopeful has put together a platform full of big-government action.
We once ranked No. 4 in the world, according to the Heritage Foundation. Now we're 25th.
Often, it can be exactly the opposite.
You're 2,200 times more likely to die when traveling by car as opposed to by airplane.
The longer we wait to address our debt, the more painful it will be.
Opposing sides of the debate around a New York City subway homicide have found unlikely common ground.
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.
A win for Geraldine Tyler, who is now 94 years old, would be a win for property rights.
In 2019, discretionary spending was $1.338 trillion—or some $320 billion less than what Republicans want that side of the budget to be.
The journalist and dissident, who was sentenced to 25 years in a penal colony for criticizing the Russian government, has not received the same attention.
Other states would do well to enact similar reforms.
The main driver behind the reduction is inflation—inflation that politicians created with their irresponsible spending.
What is the relationship between liberty and democracy?
Maybe taxpayers would make fewer mistakes if the federal tax code weren't so hopelessly complex.
The COVID-19 lab leak theory was labeled "misinformation." Now it's the most plausible explanation.
Industrial policy is never as simple as it seems.
Excessive government interference in the market hurts consumers and thwarts policy goals. It also gets in the way of the government itself.
The move would close a promising culinary door and deny Italian consumers the opportunity to buy products that fit their preferences.
A decade as a right-to-work state made Michigan better off.
The designer of China's Great Firewall sees new A.I. tech as a concern for public authorities.
Even if you despise the media, you should be rooting for better public record laws.
In countries that privatized, there are fewer delays and costs are lower. But labor unions and the private plane lobby stand in the way.
Big corporations and entire industries constantly use their connections in Congress to get favors, no matter which party is in power.
"It's very easy for politicians to legislate freedom away," says Northwood University's Kristin Tokarev. "But it's incredibly hard to get back."
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.
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.
A Pennsylvania survey suggests that taxes are often a major barrier to economic security, ranking ahead of credit card debt and student loans.
Many Democrats and Republicans were outraged when Trump and Biden respectively were found with classified documents. But both sides are missing the point.