Free the Market
by | Sep 5, 2019

In his book The Art of the Deal, President Donald Trump described his communication style as “truthful hyperbole.” Hyperbole, sure. Truthful, questionable. Take Trump’s recent speech in Pennsylvania, where he declared that his tariffs had turned things around for the…

by | Aug 29, 2019

It’s a fact that President Donald Trump has a remarkably large number of supporters among the voters and pundits who label themselves as “free market.” They usually say something like, “Sure, I don’t like his trade and immigration policies, but…

by | Aug 28, 2019

The United States has a complex health-care delivery system composed of private and government-funded insurance plans. Half of all Americans receive their health insurance from their employer or their spouse’s employer. Over 40 percent of Americans receive their health insurance…

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…

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