For years now, the U.S. Export-Import Bank -- an under-the-radar agency that provides subsidized loans to foreign firms willing to buy American products -- has tried to remain relevant. After a semi-hiatus alongside criticism for functioning as the "Bank of Boeing," Ex-Im convinced the Trump and Biden administrations that it may be a ...Read more
"The most dangerous pronoun discourse has nothing to do with gender identity. It's the undefined 'we' in public policy debates that's the problem." These are the words of Richard Morrison, a research fellow at the Competitive Enterprise Institute. Morrison identified "the fallacy of we," and I'm often guilty of committing it.
I frequently say ...Read more
The new year often feels like an opportunity to correct past mistakes -- for example, improving one's diet or quitting smoking. This explains why 25% of Americans, and 40% of those under 30, make New Year's resolutions. Based on the latest poll from The Economist and YouGov, the Biden administration should adopt a New Year's resolution too. In ...Read more
At the eve of a new year, it's traditional to make a resolution or two. I have no such list for myself or others, but I do have a wish. For 2022 and beyond, I wish that all of us who still cherish liberal values will band together to oppose the worrisome rise of authoritarianism around the world.
For decades, those inclined toward free markets ...Read more
This time of year, dear readers, is when us writers curate lists. Some are about the best movies, top kitchen appliances or favorite new songs of 2021. This year, I'd like to recommend three books to read after the tumultuous events of 2021.
My first is a new and important book by law professors Randy Barnett and Evan Bernick: "The Original ...Read more
Inflation has reached its highest level in decades. While we're not yet in a situation like we had in the 1970s -- and we can hope that the Federal Reserve will regain control before it reaches that point -- there are still plenty of reasons to be upset that inflation is getting so out of hand.
Inflation is commonly defined as a general ...Read more
Should we ignore the costs of the "Build Back Better" bill and simply focus on the benefits? Wouldn't that be nice? Unfortunately, the most constructive criticisms of the legislation reveal why the magical thinking behind this monstrously expensive spending package will not improve American society.
In urging us to focus less on costs, ...Read more
The nonsensical coverage of the debate over paid leave continues. Apparently, opposing a federal paid-leave program is the equivalent of being anti-family or pro-suffering, or so we're told. We rarely get information about the full consequences of such a policy.
What kinds of employment leave options do workers use the most? Who exactly doesn't...Read more
Thanksgiving is a time for reflecting on all those things for which we are grateful. It seems particularly important now at the end of the second year featuring a pandemic and unprecedented restrictions. This past year also brought many abuses of government powers with long-lasting consequences. Americans' discontent is incredibly high, and some...Read more
President Joe Biden has united the American people -- in disapproving of his performance, with 70% of Americans disliking the direction the economy is going and over 6 in 10 blaming him for it. The impact of inflation on people's pocketbooks and concerns over the expanding role of government are important in explaining those low approval numbers...Read more
"The quality of the punditry is abysmal." That's the title of an excellent letter recently shared with me and submitted to the editor of the Washington Post by George Mason University economics professor Donald Boudreaux. Indeed, newspapers are full of questionable statements about child care costs, paid leave and other economic matters that ...Read more
There is a certain irony to a group of rich countries pushing for policies that will disadvantage poorer countries. Yet this is exactly what the leaders of the world's biggest economies did by endorsing a global minimum tax rate of 15% on the profits of large businesses, a deal that has since gained momentum and pledges from leaders in 136 ...Read more
For years, progressives mocked anyone who warned that the Democratic Party's move leftward would produce government officials who might push actual socialist policies once in office. I'll admit that for a variety of reasons I never found this extreme version of the slippery-slope argument convincing. Yes, both sides have embraced big government ...Read more