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William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the...
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Peter Van Doren Automobile fuel mileage standards (also known as Corporate Average Fuel Economy or CAFE standards) are back in the news. The Senate...
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Matthew Cavedon In 1995, when petitioner Holsey Ellingburg, Jr., robbed a bank, federal criminal restitution was governed by the Victim and Witness Protection Act...
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Jeffrey A. Singer Over the past several years, different jurisdictions in the US, Canada, and Europe have allowed people who use illicit drugs to...
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David J. Bier On June 26, the National Foundation for American Policy and the Cato Institute hosted a briefing for congressional staffers. I detailed...
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A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream...
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The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser known is...
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There are numerous critics of free markets. However, all of those critics also are consumers and they gladly depend upon free markets to satisfy...
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There are numerous critics of free markets. However, all of those critics also are consumers and they gladly depend upon free markets to satisfy...
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Thanks to the endless “War Against Terror,” the US Government promoted methods of torture. Congress stood by and let it happen.
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Thanks to the endless “War Against Terror,” the US Government promoted methods of torture, including some borrowed from the sadistic torturers of the former...
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What if US trade deficits don’t matter?
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The Trump administration has pursued a high tariff policy, reversing the movement to lower trade barriers around the world. The justification for this policy...
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While no one is accusing egg producers of colluding or price-fixing, from an economic standpoint, it certainly could be happening either by design or...
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