Tariffs raised costs and manufacturing jobs disappeared. Now, the administration is declaring victory for partially filling the hole it dug.

Tariffs raised costs and manufacturing jobs disappeared. Now, the administration is declaring victory for partially filling the hole it dug.

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 ...

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 ...

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 ...

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 ...

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, ...