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

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

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

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

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

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

Jon Hoffman Twenty Democratic senators signed an open letter to President Biden today supporting the administration’s move to help broker normalization between Saudi Arabia and Israel, but also signaling their concerns over providing Saudi Arabia with a formal security guarantee and help

Ian Vásquez This week Katalin Karikó and Drew Weissman received the Nobel Prize in Physiology or Medicine for their discoveries that led to the development of mRNA vaccines used against COVID-19. Moderna and Pfizer‐​BioNTech produced those vaccines, saving millions of lives

Jeffrey Miron This article appeared on Substack on October 4, 2023. What should libertarians think about government shutdowns due to Congressional failure to approve new spending bills? Libertarians oppose most spending affected by shutdowns, so one might assume they are on board. That is