Fighting Collectivism
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Why Didn’t 2008 Bank Bailouts Produce COVID-Level Inflation?
Washington responded to two crises with extraordinary monetary and fiscal interventions. Why did COVID-era stimulus produce soaring inflation when the response to the 2008 financial crisis did not?
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Afghanistan, Again? Unlearned Lessons of America’s Longest War
Congress rejected constitutional alternatives in favor of remaking a nation. Abroad, as at home, lawmakers cannot manufacture preferred social outcomes simply by spending more money.
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Tariff Exemptions are Big Business for Big Business
A tariff may look like a uniform tax. In practice, exemptions give politically connected firms an advantage.
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Good Intentions Paved the Road to the 2008 Financial Crisis
The financial crisis demonstrated how regulations can produce dangerous incentives — and how discretionary intervention can magnify uncertainty. Eighteen years later, policymakers remain tempted by both.
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An Aging, Shrinking Population: Must a Smaller World Be Poorer?
Humanity is approaching an unprecedented demographic turn. Can productivity outrun population decline?
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Admissions Standards Ration Scarce Resources
Mismatching students and institutions can hurt the very students such policies intend to help — while squandering scarce faculty talent on remedial math.
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Debt Jubilees Only Change Who Pays
A debt jubilee can erase an obligation on paper, but it cannot erase the underlying economic cost.
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Congress Reformed Welfare. Bureaucrats Regrew It Anyway
Voters demanded the 1996 welfare reform law that limited eligibility and emphasized work. Since then, executive agencies have used their discretion to quietly loosen those rules.
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Professionals to ‘Labor’: Why California’s Doctors Are Unionizing
California’s unionization campaign reveals the economic and institutional shifts away from physician ownership and professional autonomy.
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Why Didn’t 2008 Bank Bailouts Produce COVID-Level Inflation?
Washington responded to two crises with extraordinary monetary and fiscal interventions. Why did COVID-era stimulus produce soaring inflation when the response to the 2008 financial crisis did not?
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•
Afghanistan, Again? Unlearned Lessons of America’s Longest War
Congress rejected constitutional alternatives in favor of remaking a nation. Abroad, as at home, lawmakers cannot manufacture preferred social outcomes simply by spending more money.
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•
Tariff Exemptions are Big Business for Big Business
A tariff may look like a uniform tax. In practice, exemptions give politically connected firms an advantage.
-
•
Good Intentions Paved the Road to the 2008 Financial Crisis
The financial crisis demonstrated how regulations can produce dangerous incentives — and how discretionary intervention can magnify uncertainty. Eighteen years later, policymakers remain tempted by both.
-
•
An Aging, Shrinking Population: Must a Smaller World Be Poorer?
Humanity is approaching an unprecedented demographic turn. Can productivity outrun population decline?
-
•
Admissions Standards Ration Scarce Resources
Mismatching students and institutions can hurt the very students such policies intend to help — while squandering scarce faculty talent on remedial math.
-
•
Debt Jubilees Only Change Who Pays
A debt jubilee can erase an obligation on paper, but it cannot erase the underlying economic cost.
-
•
Congress Reformed Welfare. Bureaucrats Regrew It Anyway
Voters demanded the 1996 welfare reform law that limited eligibility and emphasized work. Since then, executive agencies have used their discretion to quietly loosen those rules.
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•
Professionals to ‘Labor’: Why California’s Doctors Are Unionizing
California’s unionization campaign reveals the economic and institutional shifts away from physician ownership and professional autonomy.