Michael F. Cannon Back in November, the Congressional Budget Office (CBO) reported that the Inflation Reduction Act (IRA) was looking a lot more expensive than the agency or the law’s…
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From the Jacksonians to the Marxists, political theorists have understood that there is something unique about “small industry” between big business and propertyless workers.
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Jeffrey Miron President Donald Trump has claimed his tariffs will raise enough revenue to allow for income tax cuts. Recent research, however, finds that even at optimal tariff rates, these…
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Ludwig von Mises’s first major work was The Theory of Money and Credit in which he explained the role of money in the economy and also pointed out what causes…
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Ludwig von Mises’s first major work was The Theory of Money and Credit in which he explained the role of money in the economy and also pointed out what causes…
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Jeffrey A. Singer Last September, I wrote about how New York City residents face the highest combined state and local excise taxes on cigarettes in the country, pushing the average…
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The Civil Rights Act, first passed in 1964, is falsely connected with freedom. In reality, this law severely restricts individual liberty and replaces it with coercive government acts.
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 employment, with the largest effects observed…
Why does such a strong love of freedom appear both among towering intellects and among those of far more modest cognitive means?
Mainstream economics and finance theories hold that markets immediately adjust to new information. While market prices do reflect available information, the Efficient Market Hypothesis (EMH) fails to explain the boom-bust…