China’s Heroic Unofficial Historians
David Boaz Authoritarian—and not just authoritarian—governments typically see national history as an important way to shore up support for the regime. China is probably the most prominent example of that right now, as Xi Jinping and the Chinese Communist Party reinforce
Friday Feature: Refine KC
Colleen Hroncich Matt Barnard was a long‐time public school math teacher. As he saw things he didn’t agree with happening at his school, he and his wife, Amy, decided to begin homeschooling their son. They partnered with friends from church, Amanda and
There Are No ‘Banned Books’ in America, But That Doesn’t Mean Freedom Reigns
Neal McCluskey and Mustafa Akyol We are in the midst of Banned Books Week. A creation of many groups, including publishers, librarians, and booksellers, the week is intended to shine a spotlight on challenges to books, especially in public schools and libraries. If
California Implications of Britain’s Plan to Truncate its High-Speed Rail System
Marc Joffe Two recent developments reinforce the case against new, large government‐run rail projects. These initiatives are usually a bad deal for taxpayers given their high and unpredictable costs, long construction cycles, and disappointing ridership. First, Prime Minister Rishi Sunak radically downsized Britain’s
Errata: Estimating recreation benefits through joint estimation of revealed and stated preference discrete choice data
I recently received a request for the NLogit code for this article: Whitehead, John C., and Daniel K. Lew. "Estimating recreation benefits through joint estimation of revealed and stated preference discrete choice data." Empirical Economics 58 (2020): 2009-2029. I was happy to
How Bad Are Saudi Arabia’s Human Rights Abuses?
Michael Chapman During the 2020 presidential race, Joe Biden pledged to play tough with Saudi Arabia and hold it accountable for its human rights abuses – in one case, especially: the regime’s murder of journalist Jamal Khashoggi. However, as a recent Cato
Congress Must Heed Lessons of Previous Deficit Reductions
Adam N. Michel Interest rates on 10‐year Treasury bonds recently surpassed 4.7 percent after not exceeding 3.1 percent in the decade before 2022. Rising bond yields make borrowing more expensive for the federal government and increases the likelihood of a fiscal
The ‘New Conservatism’ Is Driven by Bad Economics
Norbert Michel The United Auto Workers announced it’s expanding the strike against General Motors and Ford today, just three days after Politico’s story about what many see as a major shift in the Republican Party toward supporting organized labor. But while the
Bond Yields Are Global. The Fed Can Undo an Inverted Yield Curve
Alan Reynolds “Soaring Bond Yields Threaten Fed Goal of a Soft Landing” is the headline of a front‐page Wall Street Journal story by Nick Timiraos, who writes that, “If the recent climb in borrowing costs—along with the accompanying slump in the stock market
Meta Set Up Its Own Oversight Board. Three Years Later, How Effective Has It Been?
David Inserra Large portions of the EU’s sweeping “Digital Services Act” (DSA) went into force at the end of August. In addition to several controversial provisions for freedom of expression, the DSA requires member states to establish dispute resolution tribunals that