The United States is the world’s largest economy, and its citizens enjoy the highest standard of living among major world economies. Essential to that prosperity are economic policies that foster entrepreneurship and market dynamism. Among major trading partners, the U.S.…
Read moreThere is an old adage, variously misattributed to some of history’s more clever minds, which observes: “A lie can travel halfway around the world while the truth is putting on its shoes.” Given the ease with which information – truthful…
Read moreOn Tuesday, the White House convened a gathering of five major pension funds to promote adoption of what the Biden administration and The Washington Post would describe as “stronger labor standards” for firms in which the funds invest. Any time…
Read moreWhile we already know that the Biden administration, especially through the Environmental Protection Agency (EPA), is broadly imposing heavy-handed and costly regulations, it’s doing so while neglecting to consider the wider implications for American economic security. As one notable example,…
Read moreThere are few terms in public finance quite so loaded as “bailout.” The term suggests taxpayers footing the bill for private actors’ mismanagement or malfeasance. Ask anyone with a memory that predates 2008 what a bailout is, and one is…
Read moreThe Environmental Protection Agency (EPA) has now finalized over $1.1 trillion in new regulations under the Biden administration, according to the American Action Forum’s Regulation Rodeo database. To put that figure into context, it surpasses the total cost of all…
Read moreRecent Trends in Industrial Policy This week, Central Bankers, Finance Ministers, and other key global economic policymakers met for the IMF and World Bank Spring Meetings. As part of the April meeting, the IMF released its latest World Economic Outlook,…
Read moreOn Wednesday, the House Financial Services Committee held a markup on 13 separate bills and resolutions related to various issues within the committee’s jurisdiction. At the top of the list is the “Insurance Data Protection Act," which would curtail the…
Read moreOn Monday, more than 160 million taxpayers will partake in the annual ritual of filing their individual taxes with the Internal Revenue Service (IRS). While certainly not every filer will have a taxable return, on the order of 19 million…
Read moreIn a recent report, America’s electrical grid planners essentially doubled their projected electricity demand forecast from the year prior. The Washington Post reflected on this trend and observed the U.S. is “running out of power.” At the top of the…
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