Chris Edwards Congress is considering the Biden‐​McCarthy debt‐​reduction deal. The Fiscal Responsibility Act of 2023 would reduce deficits by $1.5 trillion over the coming decade. The reduction would be a start at righting the federal government’s fiscal ship, but just a small start. The $1.5 trillion in savings would take

David J. Bier Student visas are the primary jumping‐​off point for most high‐​skilled immigration to the United States. Immigrants study at America’s elite universities and then find jobs here when they graduate—largely through the post‐​graduate employment authorization program called Optional Practical Training. Despite the importance of

Nicholas Anthony As more people have become aware of the risks of central bank digital currencies (CBDCs), more people have become confused between CBDCs provided by the government and cryptocurrencies provided by the market. It’s understandable that the two ideas may be confusing at first glance,

Adam N. Michel Foreign investment in low‐​tax countries complements U.S. production and expands global investment. Low‐​tax countries are often derided for either attracting illusory corporate profits without changing true investment behavior or for attracting international investment to the detriment of usually higher‐​tax countries. However, research consistently