In many high-income democracies, the explosion of public borrowing over the past two decades has made it clear enough that a budgetary course correction is required, especially when analysis is ...

We should never take economic growth for granted. As Oxford University economist Daniel Susskind writes in his 2024 book, Growth: A History and a Reckoning, “Three facts, simple but remarkable, have ...

Rep. Blake Moore (R-UT) introduced the Family First Act. This bill would significantly increase the Child Tax Credit (CTC), modify or eliminate other family tax provisions, and make the cap on the ...

What distinguishes the current situation is the unusually large constellation of major economic and geopolitical downside risks. That constellation makes the current consensus view of a continued ...

Earlier this week we posted an article on long-term trends in US defense spending. Surprisingly, we found that inflation adjusted per capita defense expenditures have remained essentially unchanged ...

Since our nation's founding, American Catholics have confronted the question of whether one can be a faithful Catholic and a devoted citizen of the United States.

With the advent of the Internet and social media, the introduction of smartphones, and the continued proliferation of other online technologies, pornography consumption has changed dramatically in our ...

This paper studies how output prices are affected by increases in the minimum wage. To the best of our knowledge, we provide the first examination of how the prices of an entire menu of items at a ...

Shortly after this decision came down, business organizations began to withdraw their support for a program called “Diversity, Equity and Inclusion”—or DEI—which sought to give hiring and ...

When a U.S. president bestows major non-NATO ally status on countries, it is not just an honorific. The status bestows privileges on the recipient, allowing it favorable access to materials and ...

There are serious issues with America’s federal budget. Very serious issues. Where to begin? Let me first start with the process of budgeting, that process of drafting a plan for raising revenue ...