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Editor's Pick

David J. Bier President Trump signed a new proclamation that bans nearly all legal immigration from about 40 countries, covering about one in five...

Editor's Pick

Alex Nowrasteh and Krit Chanwong The Department of Government Efficiency (DOGE) first set a goal to balance the budget by cutting $2 trillion in...

Editor's Pick

Adam N. Michel Over the last few weeks, a wave of headlines has painted a similar story: the One Big Beautiful Bill Act (OBBBA)...

Editor's Pick

Tad DeHaven In an interview with the Wall Street Journal over the weekend, the president confirmed that he’s considering taking equity stakes in defense...

Politics

American journalists and academics have invented a fairy tale in which “free market orthodoxy” has dominated political thinking in America for the past forty...

Editor's Pick

Matthew Cavedon When defendants in criminal cases are arrested in Lancaster County, Pennsylvania, they appear before magisterial district judges to be arraigned. Judges set...

Editor's Pick

Romina Boccia and Ivane Nachkebia The Cato Institute recently conducted a nationally representative Social Security survey of 2,000 Americans, exploring their attitudes toward the...

Politics

In criticizing the progressive notion of equity, or equality of results, critics of such views embrace an order of “meritocracy.” F.A. Hayek, however, understood...

Politics

The US economy is hooked on easy money and artificially low interest rates. Huge credit expansions are not “stimulating” the economy; they are destroying...

Politics

The US economy is hooked on easy money and artificially low interest rates. Huge credit expansions are not “stimulating” the economy; they are destroying...

Politics

Yields on Japanese government bonds have risen in recent weeks on worries about Prime Minister Sanae Takaichi’s budget discipline, while the yen has weakened.

Editor's Pick

John H. Cochrane My colleague and friend Neale Mahoney writes in favor of price and rent controls in the Sunday New York Times, with...

Politics

Roger Williams, the Baptist minister whose libertarian views ran afoul of the Massachusetts Bay Colony authorities, should be honored as one of this country’s...

Politics

Prompted by an online debate about whether economics belongs with the hard sciences, Bob reviews common defenses of mainstream practice and explains why they...

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