When it comes to trade policy, President Donald Trump and his adviser Peter Navarro provide endless examples of incoherent economic thinking. They regularly claim that X is true, and then in the next breath, they assert that not-X is also…
Just weeks after Elizabeth Warren (D-Mass.) introduced legislation to expand the Federal Reserve’s authority into real-time payments, the Fed on August 5 announced its intent to create a real-time payments system by 2024. This move will be as damaging to…
There are no valid free-market arguments for a nationwide, one-size-fits-all federal plan to provide paid leave. But should experimentation with this policy be off-limits to states? The beauty of a federalist system is that states can experiment and innovate with…
Free enterprise uses a simple conjuring trick to great effect: It gives people what they want. Still more, it is constantly coming up with new things they like even better. Think of the development of smart phones, online commerce, Google,…
This year, the deficit will end up being the fourth highest in U.S. history. It’s gigantic, and it will hit a little over $1 trillion by the end of the fiscal year. It’s also larger than previously projected. And it’s…
There is no shortage of prodigal people in the world. They chain themselves to expensive habits or addictions, pursue short-term pleasures and conveniences, are wasteful with other people’s money, and increase their spending when their incomes decline. Their sins are…
Imagine you experience a substantial medical crisis and fall unconscious. You have insurance, but the EMTs who rush to your aid don’t know which hospitals your plan covers and which are outside its scope. Unbeknownst to you, the EMTs transport…
In “The Princess and the Pea,” an old queen proves that a midnight traveler is a true princess by hiding a pea under an almost unbelievable number of mattresses and down bedclothes. Because she is indeed a real princess, she…
SunTrust, a bank holding company centered in the southeastern U.S., announced on Monday that it will terminate its business relationship with CoreCivic, a leading American private prison and detention center company. The announcement was accompanied by a statement claiming that…