Chris Edwards The federal government’s debt is massive and growing rapidly. How massive? Federal debt held by the public of $28.5 trillion is eight times larger than the combined debt of all state and local governments of $3.3 trillion. Not only is state and local debt much

Scott Lincicome As I mentioned last month, Cato’s Defending Globalization project will publish new content every other week throughout the fall and into 2024. Today we’ve published three new essays: Globalization: A race to the bottom – or to the top?, by Johan Norberg, debunks the myth that expanded trade and

Andrew C. Forrester Around the time that Cato published my estimates that the Middle Eastern or North African (MENA) population is around 3.8 million in 2021, the US Census Bureau found similar results from the 2020 enumeration that counted 3.5 million MENA people. Census’ numbers come

Travis Fisher The Inflation Reduction Act (IRA) offers a master class in implementing expensive, counterproductive, and highly partisan energy policy. In previous posts, I discussed 1) how the electricity generation subsidies in the IRA could cost taxpayers $2.5 or $3 trillion and 2) why policymakers should remove those

Jeffrey A. Singer When the California legislature passed a bipartisan bill one month ago that would decriminalize possessing and personally using certain plant‐​based psychedelic drugs, I welcomed the action as building momentum toward full legalization of a class of drugs with great potential to treat depression, post‐​traumatic stress disorder,