Free the Market
by | Aug 15, 2019

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…

by | Aug 14, 2019

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…

by | Aug 1, 2019

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…

by and | Jul 31, 2019

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,…

by | Jul 26, 2019

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…

by | Jul 25, 2019

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…

by | Jul 19, 2019

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…

by | Jul 15, 2019

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…

by | Jul 12, 2019

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…

by | Jul 11, 2019

It has always puzzled me that anyone would believe that protecting the U.S. market with tariffs is a good idea. Yes, U.S. consumers might increase their demand for domestic goods because duties on imported foreign goods make them relatively more…

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