Latest
-
•
How Congress Turned Budget Reconciliation Into a Tool for More Spending
A process designed to overcome political obstacles to deficit reduction is now helping Congress avoid the reforms that matter most.
-
•
The Coup In Search of a Philosophy
Karl Marx’s greatest legacy was not his economics, but the institutions that gave his revolutionary ideas a second life.
-
•
One Month of Falling Prices Won’t Restore Price Stability
June’s PCE report showed prices falling as energy prices retreated, but underlying inflation and nominal spending remain too strong.
-
•
Adam Smith’s Forgotten Theory of Artistic Independence
The great economist saw markets not as a threat to culture, but as the institution that allowed artists to achieve unprecedented freedom.
-
•
A Libertarian Case for Regulating Sports Betting
Prohibition won’t stop gambling’s social harms. But regulations aimed at transparency could protect individual rights to informed contract, while limiting predatory platforms.
-
•
Standing Still as Inflation Runs Hot
Markets, monetary policy rules, and three Fed governors all pointed toward another rate increase. The committee chose to wait instead.
-
•
Who Gets Rich from Innovation? Evidence from Broadband Expansion on the Colville Reservation
The biggest winners from new technologies are usually the people who use them, not the people who invent them.
-
•
The Post-Liberals Can’t Have Tocqueville
Tocqueville believed liberty depended on virtue — but he trusted free institutions, not the state, to cultivate it.
-
•
‘Pink’ Prices Aren’t Prejudice
Similar consumer products can command different prices. Critics call the pattern a “pink tax,” but it’s neither arbitrarily imposed nor impossible to avoid.
-
•
Britain’s Problems Didn’t Begin with Brexit
Brexit disappointed both its critics and supporters, but Britain’s economic malaise runs much deeper than the 2016 referendum.