Latest
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Rubble to Riches: Reckoning with West Germany’s Postwar Economic Miracle
Tobias Straumann’s new book explains how economic freedoms and currency reform helped West Germany outstrip not just the Soviet Socialist East, but many other nations, on its way to economic recovery.
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AI Consciousness Could Become a Regulatory Moat
Incumbent AI firms may benefit from a regulatory regime in which machine consciousness is considered plausible but remains impossible to prove or disprove.
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Catholic Integralism Is a Brutal Dead End. Will Gen Z Repeat It?
A growing subculture is determined to subordinate America to the authority of Catholic theology. But this project has been tried before: it ends in predictable horrors.
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Can Other States Learn From California’s Property Tax Experiment?
Capping property taxes isn’t all upside, but California’s Proposition 13 shows how tax limits can protect property owners from sudden increases and provide greater predictability.
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The Anti-Federalist Warning About America’s Debt Crisis
Brutus feared that unlimited borrowing power would eventually overwhelm political restraint. Congress has accumulated 40 trillion reasons to reconsider that warning.
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Revised Inflation Data Don’t Change the Fed’s Job
The BEA’s annual revisions shaved a few tenths off the rate of inflation. But spending levels suggest the Fed’s fight is far from over.
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GLP-1 Weight-Loss Drugs Keep Getting Cheaper: Thank Competition
Wegovy’s cash price has dropped 75 percent since 2021 as drugmakers compete directly for patients. When insurers stay out, manufacturers must win customers with lower prices. Competition is making better health more abundant.
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Keep the Case for Free Trade Simple
Trade isn’t complicated. People around the world work to produce things for one another — and protectionism makes that cooperation harder.
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Why Apartments in Tokyo Are So Much Cheaper Than in NYC
Tokyo houses millions more people than New York, with a surprisingly simple affordability formula: let people build more housing.
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Libertarianism’s Critics Bury Another Straw Man
Libertarianism doesn’t signal approval of vice, nor does free trade ignore struggling communities. Indifference is not the only alternative to coercion.