The case against ECB bailouts rests on restoring consequences for reckless fiscal choices, even when default would be painful.
Daily Analysis
The Right Way to Improve Education for Disadvantaged Kids
Why families of limited means need the power to choose another school.
The Economic Consequences of Different Ways of Propping Up Social Security
Two reforms can restore Social Security’s solvency yet leave the economy on very different paths.
America’s Affordability Problem Is Government
Rising real incomes haven’t erased the squeeze from housing, health care, and college costs. Government barriers to supply and competition help explain the disconnect.
Part III: Demographics + Entitlements = Europe’s Doom
Government spending, debt, and private retirement savings help explain which countries are most exposed.
The U.K. Version of the Laffer Curve Strikes Again
Britain’s tobacco and landfill taxes illustrate a lesson politicians keep forgetting: people change their behavior when taxes rise.
Capitalism or Free Enterprise?
Polling suggests Americans have a strong preference.
Part II: Will Milei’s Success Trigger a Global Renewal of Economic Liberty?
Javier Milei’s reforms are testing whether spending restraint and freer markets can deliver both economic recovery and electoral success.
Part II: What Motivates the Left, Envy or Greed?
The cost of putting resentment ahead of prosperity.
Trump’s Trade Taxes Are Political Poison for the GOP
Americans recognize tariffs as taxes that make life more expensive. Republicans’ refusal to reverse them could turn a household affordability squeeze into a midterm backlash.