[In this 1836 editorial, William Leggett laments how Wall Street and the "privileged" orders of the American upper class employ the power of the state to protect their own financial interests at the expense of ordinary taxpayers. In the nineteenth century, Leggett was an important spokesman
American corporations are lavishing billions of dollars on leftist groups in the name of "equity." But many of them also are donating to even more questionable people and causes. Original Article: "The Putrid Underbelly of Woke Capitalism"
Immigration has raised concerns in some about America’s demographic future. Some propose that an influx of migrants with foreign worldviews will fracture American society. This argument is based on the finding that the diversity generated by immigration deters social trust. Trust is a crucial ingredient for
David Boaz Here we go again. David Leonhardt of the New York Times dredges up a poorly designed chart from 2017 that purported to show that there are very few “fiscally conservative, socially liberal” American voters. At the time Karl Smith pointed out some basic design flaws
Jeffrey Miron and Jacob Winter This article appeared on Substack on May 30, 2023, and an earlier version appeared under Jacob Winter’s byline in the Harvard Undergraduate Law Review. In a few weeks, the Supreme Court will announce its decision in two cases it heard last fall, one
Jeffrey A. Singer A new study released earlier this year adds more evidence to the mountains of evidence that policymakers trying to solve the overdose crisis have been aiming at the wrong target. Researchers from the Dartmouth University School of Medicine recently published in the Annals of
James Bacchus In this, the third year of his presidential term, President Joe Biden is clearly not making trade—much less trade liberalization—a priority. For the most part, his trade policy is a less strident echo of that of his predecessor, Donald Trump, and, in trade, his has
Shoddy service, regular breakdowns, and overbudget to boot. There is a reason why government-funded projects always waste resources. Original Article: "The Failure of Public Works and Public Funding"
Colin Grabow After years of planning and preparation, the Vineyard Wind project is swinging into high gear. Wind turbine monopiles recently arrived from Spain have been loaded onto a specialized vessel that is now installing them off the coast of Massachusetts. When that job is complete it will return
It is hard to ignore the headlines about US corporate profit margins stabilizing at their highest level in decades. This information has provided plenty of ammunition for populist commentators and politicians who blame corporate greed for the sharp increase in postcovid consumer prices and ignore