Latest
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Twenty-Five Years After 9/11, Fear Is Testing Freedom Again
America answered the terror of 9/11 by making every citizen more visible to the state. Will our genuine fears of AI be used to erode liberty and privacy even further?
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Will Trump Accounts Make Every Kid a Millionaire?
The $1,000 seed can grow substantially, but seven-figure wealth requires decades of compounding, continued contributions, and strong market returns.
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Bono’s Hard-Won Lesson About Poverty
Aid may relieve immediate suffering, but only productivity, enterprise, and strong institutions can conquer poverty for good.
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Stay-at-Home Subsidies Won’t Produce a Baby Boom
Promising more benefits drives up our debt. Inflation and uncertainty are hard to square with hopes of “helping kids and families.”
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Abdul El-Sayed Has a Socialist Platform and a Capitalist Life
Abdul El-Sayed and his wife prosper by treating their medical credentials as private goods. Now he campaigns against the system that made it possible.
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Why CPI Ignores Homes, Stocks, and the Cost of Getting Ahead
Capturing only what households consume, inflation stats miss the assets they hope to own. Recent inflation has rewarded existing owners at the expense of aspiring ones.
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What Makes Pharmaceutical Speaker Programs Illegal?
The missing consumer in health care helps explain the strange economics — and legal risks — of drug companies paying doctors.
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The Right’s Long March Toward Illiberalism
Laura K. Field’s ‘Furious Minds’ traces the intellectual evolution of the New Right and the ideas driving its rejection of liberalism.
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The Swinging Sixties, Chicago School Style
At the height of the cultural revolution, a group of Chicago economists was quietly launching one of its own.
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When Government Separates Choices from Consequences
From tariffs to “free” public services, government policies routinely transfer the costs and consequences of individual choices onto someone else.