Romina Boccia and Dominik Lett Irresponsible emergency spending practices have eroded fiscal norms, contributing directly to America’s mounting debt challenge. Over the last three decades, Congress designated 1 in 10 dollars of federal spending for emergencies. Most of this emergency funding was provided through deficit spending with no

David Boaz The Libertarian Party presidential nominating convention is coming up this weekend, with Donald Trump as a featured speaker. This is apparently the first time in US history that a political party has had another party’s nominee at its own nominating convention. And what a choice! The Libertarian Party

Chris Edwards School choice reforms are spreading across the nation. Governments in 33 states are now providing financial support for private schooling through 80 different programs, as shown in this figure from EdChoice. About one million students are benefiting from these reforms.

Jack Solowey and Jennifer J. Schulp After the Senate voted with bipartisan support last week to reject SAB 121, a Securities and Exchange Commission (SEC) accounting rule that would unduly hamstring the crypto industry, Sen. Cynthia Lummis (R‑WY) put it best: “Congress did a thing.” Now make that two

Nicholas Anthony Over a year ago, Rep. Tom Emmer (R‑MN) introduced a bill intended to prohibit the Federal Reserve from issuing a retail central bank digital currency (CBDC). Today, that bill finally made its way to the House floor where members voted to pass it to the Senate. Why is

Norbert Michel In recent years, national conservatives (natcons) have complained that a blind adherence to free‐​market philosophy has hollowed out the middle class and all but ruined America. To criticize financial markets, they adopted a term from decades past: financialization. According to proponents of financialization, many of whom

Nicholas Anthony and Jeffrey A. Singer America has increasingly moved in favor of legalizing cannabis consumption (Figure 1), but the shadow of prohibition still hangs over even the freest of states. One need only look to the financial system to see how heavy that shadow truly

Romina Boccia and Dominik Lett