The Real Economic Catastrophe Will Be Caused by the U.S. Debt
Should we blame Biden and the politicians applauding him for their unwillingness to address our looming fiscal disaster?
Should we blame Biden and the politicians applauding him for their unwillingness to address our looming fiscal disaster?
A few reasons to remain calm about the economy
People making the same income should be paying the same level of taxes no matter how they choose to live their lives.
It's good to hear a candidate actually talk about our spending problem. But his campaign promises would exacerbate it.
The New Right talks a big populist game, but their policies hurt the people they're supposed to help.
There seems to be general bipartisan agreement on keeping a majority of the cuts, which are set to expire. They can be financed by cleaning out the tax code of unfair breaks.
Growth of regulation slowed under former President Trump, but it still increased.
Opening night of the Republican National Convention programmed a central issue with a Trumpian twist: "Make America Wealthy Again."
Although former President Donald Trump's deregulatory agenda would make some positive changes, it's simply not enough.
The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.
The candidate who grasps the gravity of this situation and proposes concrete steps to address it will demonstrate the leadership our nation now desperately needs. The stakes couldn't be higher.
Chevron deference, a doctrine created by the Court in 1984, gives federal agencies wide latitude in interpreting the meaning of various laws. But the justices may overturn that.
The president has tried to shift blame for inflation, interest rate hikes, and an overall decimation of consumers' purchasing power.
Plus: Trump wants to cut federal spending, Mike Solana wants to save San Francisco, Canada wants to throw thought criminals in jail, and more...
Reasonable options include gradually raising the minimum retirement age, adjusting benefits to reflect longer life expectancies, and implementing fair means-testing to ensure benefits flow where they're actually needed.
Why aren't politicians on both sides more worried than they seem to be?
Many have seen their hours reduced—or have lost their jobs entirely.
Revolutionary AI technologies can't solve the "wicked problems" facing policy makers.
Price controls lead to the misallocation of resources, shortages, diminished product quality, and black markets.
Private unions have every right to exist, but that doesn't mean they're actually beneficial on net.
Revolutionary AI technologies can't solve the "wicked problems" facing policy makers.
If businesses don't serve customers well, they go out of business. Government, on the other hand, is a monopoly.
"We should be building a wall around the welfare state, not the United States," Nick Gillespie argued at a recent immigration debate.
In the Jim Crow South, businesses fought racism—because the rules denied them customers.
Despite their informal nature, those norms have historically constrained U.S. fiscal policy. But they're eroding.
Consumer prices rose 0.4 percent in March and the annual inflation rate ticked up to 3.5 percent, the highest rate seen since September.
In a recent interview, the Argentine president said he would have ended up in prison if he dollarized the economy.
These handouts will flow to businesses—often big and rich—for projects they would likely have taken on anyway.
Free trade brings us more stuff at lower prices.
Government officials seek to shape the economy to the liking of politicians.
The question of how best to measure inflation has no single and straightforward answer, but most people know that the president's economic claims aren't true.
Economic nationalists are claiming the deal endangers "national security" to convince Americans that a good deal for investors, employees, and the U.S. economy will somehow make America less secure. That's nonsense.
The president wants to raise the rate from 21 percent to 28 percent, despite it being well-established that this is the most economically-destructive method to raise government funds.
The eroding value of the dollar inflicts pain, and Americans resent politicians who cause it.
Plus: Chinese border-crossers, gender transitions for kids, the politics of raw milk, and more...
The government needs to cut back on spending—and on the promises to special interests that fuel the spending.
Despite the popular narrative, Millennials have dramatically more wealth than Gen Xers had at the same age, and incomes continue to grow with each new generation.
The policy is a true budget buster and is ineffective in the long term.
The Reason Sindex tracks the price of vice: smoking, drinking, snacking, traveling, and more.
The president criticized companies for selling "smaller-than-usual products" whose "price stays the same." But it was his and his predecessor's spending policies that caused the underlying issue.
Biden's economic policies gave us three years of excessive, wasteful, and poorly targeted federal spending.
Smokestack-chasing is out. A diversified economy based on environmental protection is in. But will it work?
Many who see overdraft protection as preferable to other short-term credit options will have fewer choices as some banks decide the service isn't worth offering anymore.
Biden's economic policies gave us three years of excessive, wasteful, and poorly targeted federal spending.
Americans are wealthier today than in the 1960s. That's not because of Bidenomics; it's because of six decades of progress.
The new libertarian president believes in free markets and the rule of law. When people have those things, prosperity happens.
"How small do you have to be for Nike not to care?"
His speech in Davos challenged the growing worldwide trend of increased government involvement in economic affairs.