Adam N. Michel The House Republican debt ceiling package repeals many of the Inflation Reduction Act (IRA) energy tax credits. Revised estimates of the tax credits confirm that their costs will be at least two times higher than originally thought. Putting aside the countless problems with

Neal McCluskey The 1990 book Politics, Markets, and America’s Schools, by John Chubb and Terry Moe and published by the Brookings Institution, had a major role in school choice history, arguing that public schools are, by their democratically controlled nature, doomed to stagnation. Autonomous schools and choice

Chris Edwards Americans are getting used to failures by government experts. Government economists have a dismal forecasting record. Government actions and advice during the pandemic were often misguided. And dozens of former government intelligence experts got the Hunter Biden laptop story wrong. A less recognized but also important

Romina Boccia House Republicans expect to vote on a plan to raise the debt ceiling this week. The Limit, Save, Grow Act put forth by Speaker McCarthy would raise the debt limit by $1.5 trillion or suspend it until March 31, 2024—whichever comes first. This is

Daniel Griswold America’s annual trade deficit continues to be among the most misunderstood features of the nation’s economy. Trade skeptics tend to blame the deficit for a range of problems, real or imagined, when in fact the current deficit in important ways reflects America’s underlying strength and

Chris Edwards Federal policymakers will soon run into a hard deadline to increase the government’s legal debt limit. President Biden wants a simple debt‐​limit increase with no strings attached, but House Republicans have proposed spending reforms called Limit, Save, Grow to include in a debt‐​limit deal. One GOP reform would

Gabriella Beaumont-Smith The COVID-19 pandemic changed the world, shifting even peoples’ eating habits. Numerous surveys reveal that Americans are snacking more, providing new opportunities for food and beverage companies. In fact, according to Axios, American food manufacturers are pushing out all sorts of new flavor combinations,

Will Duffield TikTok is a social media app that hosts short‐​form videos and serves them to users via algorithm. Because TikTok is owned by the Chinese tech firm ByteDance, its surging popularity with teenagers and young adults in America has prompted concerns that it could be used