Washington responded to two crises with extraordinary monetary and fiscal interventions. Why did COVID-era stimulus produce ...

Congress rejected constitutional alternatives in favor of remaking a nation. Abroad, as at home, lawmakers cannot manufacture preferred social outcomes simp ...

The Trump administration calls economic isolation a weapon against Iran and a recipe for prosperity at home. Protectionism is ...

Writing to oppose the Constitution’s ratification, an Anti-Federalist writing under the pseudonym Brutus warned against giving the national government the power to borrow money: The power to borrow ...

Imagine it’s January in New York and you’re sharing a tiny apartment with two roommates. The walls are crumbling around you, and there’s a hole in your bedroom wall big enough to see outside. Every ...

A growing subculture is determined to subordinate America to the authority of Catholic theology. But this project has been tried before: it ends in predictable horrors. Post-liberalism is a broad ...

Two previous pieces in this series argued that the Consumer Price Index (CPI) leaves out major costs that American consumers actually pay. First, the fiscal cost of government spending is obscured ...

The Leading Indicator dropped sharply to 42, with four of 12 components improving, two unchanged, and six declining. The positive components were concentrated in consumer expectations, initial claims, ...

Capping property taxes isn’t all upside, but California’s Proposition 13 shows how tax limits can protect property owners from sudden increases and provide greater predictability. Many people would be ...

Thirty years ago, a small startup team of scientists in Boston published findings that began with the venom of a Gila monster and ended in a weight-loss revolution. John Puri at National Review ...