Emily Ekins and Jordan Gygi The Supreme Court again attracted much attention in June when it struck down Harvard’s and University of North Carolina’s use of racial preferences in admissions, a practice known as affirmative action. President Biden expressed anger over the decision and said “We cannot
David J. Bier The Cato Institute is launching a new online game called the Green
In the dynamic and ever-evolving digital landscape, open protocols have emerged as a powerful force, challenging closed-source models and reshaping industries. Beyond their technical merits, open protocols embody fundamental economic principles that foster innovation, competition, decentralized decision-making, and even censorship resistance. By embracing open protocols,
For college football fans, it’s already been a wild August week before the first kickoff. Reminiscent of the Europe of old, and, hopefully, the America of the future, the collegiate athletic landscape in the last several years has witnessed a massive redrawing conference kingdom borders. The
Some residents of St. Louis, fed up with the nonprotection from the city's police, have hired private security to deal with the problem. The egalitarian Left, of course, doesn't like that. Original Article: "Egalitarianism as a Revolt against Safety"
“Experts” at the Federal Reserve and other central banks proudly broadcast the potential “financial inclusion” that could be achieved with a central bank digital currency (CBDC). In the Fed’s main CBDC paper, “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” they
Marc Joffe After rapid growth in 2021 and early 2022, federal and state income tax revenue collections have stalled, and, in some cases, declined. This may be a temporary soft patch arising from Federal Reserve tightening or a longer‐term phenomenon. For governments with high‐income tax dependency, the durability
Government statistics on inflation in the food sector have failed to account for skimpflation and shrinkflation. Original Article: "Shrinkflation and Skimpflation Are Eating Our Lunch"
Adam N. Michel In a recent Tax Notes International article, I describe the evolution of controlled foreign corporation rules and international taxpayer information exchange as examples of the United States being a first mover in weakening international tax norms. You can access the article here, although it is paywalled
United States military conscription, or the draft, ended on January 27, 1973, with the winding down of the Vietnam War. The draft law was due to expire at the end of June 1971. But US President Richard Nixon decided it needed to continue and asked
