Free Trade
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Taxing, Borrowing, and Printing: Three Ways America Pays for Government
Tax bills are only the beginning. Borrowing and inflation also finance federal spending — in ways that are easier to ignore but harder to escape.
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Headline Inflation Surged in March, but Core Remained Muted
March’s inflation spike looks alarming, but it’s driven entirely by energy shocks. Strip that out and the trend looks largely unchanged.
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April Fools for America First? Higher Prices and New War
The President returned to office on promises to lower costs at home and restore our reputation abroad. Americans got the opposite.
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China’s AI Paradox: Can Innovation Thrive in a Captive Mind?
Can a state that suppresses intellectual freedom tolerate the open inquiry that AI innovation ultimately requires?
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The End of Pax Americana
America’s retreat from free trade is weakening the economic foundation that sustained Pax Americana for generations.
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But What About China? A Response to Tariff Advocates
Erratic tariff policy is alienating our allies, weakening exactly the coalition we’d need to address Beijing’s behavior.
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Reflections on Four Decades of Teaching ECON 101
The most important lessons of an economic way of thinking haven’t changed much in 40 years. But the students have.
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India’s Aviation Meltdown Reveals Hazards of Command-and-Control
Concentrated markets and micromanaging regulators can turn a policy change into systemic failure. Rules matter, but the cost is resilience.
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Why Do Investors Keep Buying Century Bonds?
Investors buying 100-year bonds are making a bold wager on inflation, monetary policy, and financial stability.
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Six Takeaways from the Supreme Court’s Tariff Ruling
The Court limited one statutory pathway while leaving others intact. The opinion strengthens the major questions doctrine and clarifies how far emergency powers can stretch.
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Taxing, Borrowing, and Printing: Three Ways America Pays for Government
Tax bills are only the beginning. Borrowing and inflation also finance federal spending — in ways that are easier to ignore but harder to escape.
-
•
Headline Inflation Surged in March, but Core Remained Muted
March’s inflation spike looks alarming, but it’s driven entirely by energy shocks. Strip that out and the trend looks largely unchanged.
-
•
April Fools for America First? Higher Prices and New War
The President returned to office on promises to lower costs at home and restore our reputation abroad. Americans got the opposite.
-
•
China’s AI Paradox: Can Innovation Thrive in a Captive Mind?
Can a state that suppresses intellectual freedom tolerate the open inquiry that AI innovation ultimately requires?
-
•
The End of Pax Americana
America’s retreat from free trade is weakening the economic foundation that sustained Pax Americana for generations.
-
•
But What About China? A Response to Tariff Advocates
Erratic tariff policy is alienating our allies, weakening exactly the coalition we’d need to address Beijing’s behavior.
-
•
Reflections on Four Decades of Teaching ECON 101
The most important lessons of an economic way of thinking haven’t changed much in 40 years. But the students have.
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•
India’s Aviation Meltdown Reveals Hazards of Command-and-Control
Concentrated markets and micromanaging regulators can turn a policy change into systemic failure. Rules matter, but the cost is resilience.
-
•
Why Do Investors Keep Buying Century Bonds?
Investors buying 100-year bonds are making a bold wager on inflation, monetary policy, and financial stability.
-
•
Six Takeaways from the Supreme Court’s Tariff Ruling
The Court limited one statutory pathway while leaving others intact. The opinion strengthens the major questions doctrine and clarifies how far emergency powers can stretch.