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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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Editor's Pick

Adam N. Michel The House-passed reconciliation bill includes a new tax measure designed to retaliate against foreign taxes that discriminate against American businesses. This...

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Government protection and deposit insurance slows the inevitable—until it doesn’t.

Editor's Pick

Jeffrey Miron What level of government—state or federal—should set economic and social policy? The modern presumption is that “good” policies should be implemented federally....

Editor's Pick

Adam N. Michel The Low-Income Housing Tax Credit (LIHTC) awards roughly $14 billion in tax credits annually to private apartment building developers in exchange...