Featured
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Affordable Broadband is a Local Victory
Competition, deregulation, and innovation are giving consumers faster internet at lower prices.
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The $46 Trillion Price of Avoiding Social Security Reform
Delaying Social Security reform would spare politicians difficult choices today while leaving taxpayers with a much larger bill tomorrow.
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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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A Bankrupt America Can’t Defend the World
As interest costs consume an ever-larger share of the federal budget, maintaining an informal global empire becomes fiscally and strategically indefensible.
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The Great Repricing of the College Degree
The college wage premium remains substantial, but has declined sharply since 2022. Generative AI may be part of the explanation, but it is not the whole story.
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Cheap Groceries, Costly Consequences: City-Run Stores Ignore Second-Order Effects
New York’s city-run stores promise cheaper groceries, but their discounts merely transfer costs. Taxpayers foot the bill, while bodegas and grocers lose customers.
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Huey Long’s Populism Is Back In Fashion
JD Vance’s admiration for Huey Long reveals how readily today’s populist right embraces the high spending and economic control it once condemned on the left.
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The Fed Finally Raised Rates. Now Comes the Hard Part.
Inflation has been above target for 65 months. The Fed took a first step, but to restore stability, tightening must continue.
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•
Hidden from CPI, These Costs Are Eating Away at Real Wages
Official inflation calculations exclude taxes and asset prices. Add them in, and three decades of modest paycheck gains become losses.
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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.
-
•
Affordable Broadband is a Local Victory
Competition, deregulation, and innovation are giving consumers faster internet at lower prices.
-
•
The $46 Trillion Price of Avoiding Social Security Reform
Delaying Social Security reform would spare politicians difficult choices today while leaving taxpayers with a much larger bill tomorrow.
-
•
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.
-
•
A Bankrupt America Can’t Defend the World
As interest costs consume an ever-larger share of the federal budget, maintaining an informal global empire becomes fiscally and strategically indefensible.
-
•
The Great Repricing of the College Degree
The college wage premium remains substantial, but has declined sharply since 2022. Generative AI may be part of the explanation, but it is not the whole story.
-
•
Cheap Groceries, Costly Consequences: City-Run Stores Ignore Second-Order Effects
New York’s city-run stores promise cheaper groceries, but their discounts merely transfer costs. Taxpayers foot the bill, while bodegas and grocers lose customers.
-
•
Huey Long’s Populism Is Back In Fashion
JD Vance’s admiration for Huey Long reveals how readily today’s populist right embraces the high spending and economic control it once condemned on the left.
-
•
The Fed Finally Raised Rates. Now Comes the Hard Part.
Inflation has been above target for 65 months. The Fed took a first step, but to restore stability, tightening must continue.
-
•
Hidden from CPI, These Costs Are Eating Away at Real Wages
Official inflation calculations exclude taxes and asset prices. Add them in, and three decades of modest paycheck gains become losses.
-
•
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.