Daily Economy
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Regulatory Rollbacks Begin to Combat Cali’s Housing Crisis
California is home to numerous profitable industries, but many of the state’s residents struggle to survive under the weight of big government. Case in point: excessive regulations have suffocated the […]
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Hayek at the Hair Salon: Who Decides If a Business Is ‘Needed’?
The Institute for Justice has filed a new lawsuit in Clayton County, Georgia over a controversial decision by the county’s Board of Commissioners to deny permission for a hair salon […]
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Powell Pivots, Fed Cuts Rates as Jobs Market Weakens
The Federal Reserve lowered its federal funds rate target range by 25 basis points, to 4.00–4.25 percent, on Wednesday. Before the decision, it had held rates steady since December 2024. […]
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China’s Elite Are Disillusioned With America—But Can’t Quit It
In a stunning shift, China — longtime recipient of US economic and political aid, and one of the largest beneficiaries of the postwar liberal order that Washington led in building […]
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How Long Could That $1.8 Billion Powerball Jackpot Fund the Government?
In 2022, I described what Congress could do with the $2.04 billion Powerball jackpot. The result, which should surprise no one, was “not much.” But just how “not much” turned […]
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Markets and Marshals: How the Old West Used Private Enforcement to Deliver Justice
In the mid-to-late 19th century, crimes such as murder, robbery, and cattle rustling plagued America’s western frontier. Although the West was not quite as “wild” as Hollywood portrays, it was […]
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The Social Security Reform Bill Clinton Almost Brought to America
Twenty-five years ago, Bill Clinton was gearing up to “save” Social Security. The year was 1998, and the national mood was cautiously optimistic. Internet startups were booming, the Cold War […]
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France’s Financial Misery Is a Bad Omen for Other Countries
“History doesn’t repeat, but it often rhymes,” is a famous saying attributed to American author Mark Twain. When you read today’s news about the French government and its debt situation, […]
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Can the President Assassinate Suspected Criminals?
“I don’t give a sh*t what you call it.” So wrote Vice President J.D. Vance in response to journalist Brian Krassenstein, who questioned Vance’s assertion that assassinating suspected drug smugglers […]
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What Shipping Containers Did for Trade, Stablecoins Can Do for Money
In 1956, a trucking entrepreneur named Malcolm McLean did something quietly radical: he placed 58 identical steel boxes onto a cargo ship in Newark and sent them to Houston. Those […]
