What exactly are tariffs, and how do they work? How do they drive up prices? Are tariffs a way to protect the U.S. economy from hostile powers like the Communist Party of China? No, not really. Or a way to protect the supply chains on which U.S. military supremacy depends? No, not that either. In short, tariffs are toxic, and we discuss why that is.
The U.S. Supreme Court has invalidated President Trump’s use of the International Emergency Economic Powers Act of 1977 to implement tariffs. What does the...
In an election season, there are always personality issues, and everybody has personal favorites. But then there are policy issues—and there are a lot...
In the wake of hurricanes, we need to ask an uncomfortable question: has federal flood insurance policy made the damage more extensive? The East...