Editor's Pick
David J. Bier Today, the Cato Institute published “Immigrants’ Recent Effects on Government Budgets: 1994–2023,” a study on the fiscal effects of immigrants—legal and...
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Editor's Pick
Brent Skorup A few weeks ago, the AP and other news outlets obtained a whistleblower complaint alleging an illegal policy change at ICE. It...
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Colin Grabow Amid the recent shutdown of a refinery and looming closure of another, California is grappling with how to replace lost in-state fuel...
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Norbert Michel, Jai Kedia, and Jerome Famularo Amid new reports of shrinking manufacturing activity and employment, the Trump administration is struggling more than ever...
Politics
The Civil Rights Act, first passed in 1964, is falsely connected with freedom. In reality, this law severely restricts individual liberty and replaces it...
Editor's Pick
Adam N. Michel In the 2025 One Big Beautiful Bill Act, Congress created a new kind of trust called a Trump Account. It is...
Politics
While the Voter ID debate consumes the airwaves with political debate, the real issue is not who is elected, but the unelected elites that...
Politics
Bob lays out California’s proposed 5% wealth tax on billionaires, using it to explain why taxes on wealth are especially destructive, how different tax...
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Nicholas Anthony What makes an activity “suspicious”? Maybe you picture someone hiding their face in a trench coat as they pace outside of a...
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Michael F. Cannon Back in November, the Congressional Budget Office (CBO) reported that the Inflation Reduction Act (IRA) was looking a lot more expensive...
Politics
From the Jacksonians to the Marxists, political theorists have understood that there is something unique about “small industry” between big business and propertyless workers.
Editor's Pick
Jeffrey Miron President Donald Trump has claimed his tariffs will raise enough revenue to allow for income tax cuts. Recent research, however, finds that...
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Jeffrey Miron Twenty-two states are scheduled to increase their minimum wage in 2026. Even though, overall, existing evidence suggests that minimum wage laws reduce...
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Romina Boccia and Tyler Turman The lesson from Minnesota’s fraud scandal is that no amount of red tape can fix a system built on...
Politics
For the past month, Americans have been wondering whether President Trump will attack Iran, or whether the massive military build-up in the Middle East...
Politics
A bad end is most likely though even in the best case scenario of of AI increasing living standards. The build-up of asset inflation...
Politics
There is no reason to be surprised by the total lack of commitment to any ideological standards. Nor is there any reason to expect...