Americans Say they Like “Affirmative Action” but Yet Oppose Racial Preferences in College Admissions
Emily Ekins and Jordan Gygi The Supreme Court again attracted much attention in June when it struck down Harvard’s and University of North Carolina’s use of racial preferences in admissions, a practice known as affirmative action. President Biden expressed anger over the
Try Cato’s New Immigration Game: Find Your Path To U.S. Citizenship
David J. Bier The Cato Institute is launching a new
Breaking Free: How Open Protocols Foster Entrepreneurship, Spontaneous Order, and Individual Sovereignty
In the dynamic and ever-evolving digital landscape, open protocols have emerged as a powerful force, challenging closed-source models and reshaping industries. Beyond their technical merits, open protocols embody fundamental economic principles that foster innovation, competition, decentralized decision-making, and even censorship
“Greed” Didn’t Kill the Pac-12. Entrepreneurial Failure Did
For college football fans, it’s already been a wild August week before the first kickoff. Reminiscent of the Europe of old, and, hopefully, the America of the future, the collegiate athletic landscape in the last several years has witnessed a massive
Egalitarianism as a Revolt against Safety
Some residents of St. Louis, fed up with the nonprotection from the city's police, have hired private security to deal with the problem. The egalitarian Left, of course, doesn't like that. Original Article: "Egalitarianism as a Revolt against Safety"
CBDCs: The Ultimate Tool of Financial Intrusion
“Experts” at the Federal Reserve and other central banks proudly broadcast the potential “financial inclusion” that could be achieved with a central bank digital currency (CBDC). In the Fed’s main CBDC paper, “Money and Payments: The U.S. Dollar in the
Weak Income Tax Collections Pose Challenges for Some States
Marc Joffe After rapid growth in 2021 and early 2022, federal and state income tax revenue collections have stalled, and, in some cases, declined. This may be a temporary soft patch arising from Federal Reserve tightening or a longer‐term phenomenon. For governments with
Shrinkflation and Skimpflation Are Eating Our Lunch
Government statistics on inflation in the food sector have failed to account for skimpflation and shrinkflation. Original Article: "Shrinkflation and Skimpflation Are Eating Our Lunch"
Extraterritorial Taxation: Is It All Our Fault?
Adam N. Michel In a recent Tax Notes International article, I describe the evolution of controlled foreign corporation rules and international taxpayer information exchange as examples of the United States being a first mover in weakening international tax norms. You can access the article
US Conscription History and How It Ended Fifty Years Ago
United States military conscription, or the draft, ended on January 27, 1973, with the winding down of the Vietnam War. The draft law was due to expire at the end of June 1971. But US President Richard Nixon decided it