Stabilizing Debt at 100% Of GDP
Chris Edwards Federal government debt is rising to dangerous and unprecedented levels. Without reforms, federal debt held by the public will grow from 98 percent of gross domestic product this year to 115 percent a decade from now. Compared to the size
Did Tax Cuts Cause Rising Deficits?
Adam N. Michel The current federal budget deficit and the accumulated debt result from Congress spending more than they are willing to raise in taxes. Ultimately, the question of which is more to blame—steady taxes or ballooning spending—will depend on
Harvard and UNC Should Be Treated Differently
Neal McCluskey If we could have only gotten “yes, affirmative action,” or “no, affirmative action,” as the outcomes in Students for Fair Admissions v. Harvard, which the U.S. Supreme Court decided last week, you should have pulled for the decision the
Demonizing Men with False Data on Sexual Abuse
In today's progressive climate, sexual assault charges are easy to make and hard to refute, even when they are demonstrably false. Original Article: "Demonizing Men with False Data on Sexual Abuse"
Is Microsoft-Activision Opposition a Repetition of Vons-Shopping Bag?
President Joe Biden’s Federal Trade Commission (FTC) appointees have an affinity for returning to an earlier era’s antitrust enforcement, sometimes summarized as a “big is bad” or “neo-Brandeisian” approach. The most famous (or notorious) current example is the FTC’s opposition
Will the Fed Ever Relinquish Its New Powers?: The Fed’s “Cincinnatian Problem”
In times of banking and financial crises, central banks always intervene. This is not a law of nature, but it is an empirical law of central bank behavior. The Federal Reserve was created 110 years ago specifically to address banking
From the Editor May/June
When I was an economics undergraduate back in the 1990s, central bankers at the Federal Reserve were more or less above criticism. Those were the days when Alan Greenspan was acclaimed as “the maestro” and it was simply assumed central
3 Things to Remember on Independence Day
It's difficult to say what most Americans commemorate or celebrate on Independence Day nowadays. Many appear to focus on some vague notion of "America." Others even take to jingoism equating the United States government with the very notion of "freedom." Lost
Do Boycotts Really Work? Another Look at the Bud Light Situation
Some conservatives are upset because the new best-selling beer is owned by the same company that owns the beleaguered Bud Lite. Actually, they should have no problem with that. Original Article: "Do Boycotts Really Work? Another Look at the Bud Light
Trade in Real Life: How the FDA Burns Consumers with Sunscreen Regulations
Gabriella Beaumont-Smith On July 4th, many Americans will take to the outdoors to celebrate the Declaration of Independence from my home nation, Great Britain. These days, most people know to lather on sunscreen when spending time outside in the summer (though