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Precedents for sovereign default exist, but they are double-edged.
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Robert A. Levy In earlier posts—February 25, 2025, May 20, 2025, and June 21, 2025—I examined proposals by Donald Trump to enlarge his own...
Politics
Thanks to the Federal Reserve, the US government will always have enough printed money to fund it tyrannical schemes.
Politics
Entrepreneurs, prices, and profit-and-loss coordinate the division of labor that makes prosperity possible.
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Scott Lincicome In my latest Bloomberg column, I explore an unseen cost of the federal government’s recent and unprecedented investments in private US companies:...
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Thomas A. Berry, Brent Skorup, and Alexander Xenos The Constitution vests Congress—not federal agencies or their employees—with the power to decide when Americans must...
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Colleen Hroncich Luba Vangelova had been homeschooling for more than a decade, running in-person groups that blurred the line between co-ops and microschools before...
Politics
Economic historians usually are mistaken when looking at the causes of the Panic of 1857. Douglas E. French sets the record straight.
Politics
Leading up to his selection, Warsh had expertly crafted a message for his chosen audience of one—Donald Trump.
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Chris Edwards The federal government is so large that many of its policies work at cross-purposes. The government exhorts us to eat healthy, but...
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Jeffrey A. Singer On January 29, President Trump signed an executive order called The Great American Recovery Initiative. The order does not significantly reform...
Politics
On Wednesday, the silver price hit $63.86 per ounce — nearly double its level a year ago — after the Federal Reserve trimmed rates...
Politics
Through the most bloody war in American history to date, Lincoln unleashed an inchoate “secret constitution” that began to bring the US into closer...
Politics
Federal workers are a powerful lobby in Washington, and taxpayers pay for federal bureaucrats’ wages inflated through federal laws favoring federal unions.
Politics
Christopher Chantrill: Most every corrupt government program begins as a moral crusade and ends up as a spoils system: Social Security, Medicare, Obamacare, etc.