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Editor's Pick

Why Elon Musk Is Right: The Case Against Subsidizing Amtrak

Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what politicians want us to believe. The truth is that the case for defunding Amtrak has never been stronger.

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Walter Olson The House Judiciary Committee on April 28 released budget reconciliation language that would do a truly remarkable thing: ban federal judges from...

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For those of you who are a bit more steeped in technical analysis, you’ve likely heard of Dow Theory. A set of principles developed...

Editor's Pick

These subsidies exemplify crony capitalism. The Austrian School of economics defines any subsidy as government intervention in the functioning of the economy.