News
Trump tariffs have 'murky' impact on American agricultural trade
1+ hour, 35+ min ago (454+ words) Joseph Glauber offers a one-year progress report on President Trump's tariffs on agricultural products. One'year after Liberation Day, the trade outlook for US agriculture remains murky. By the end of 2025, US agricultural imports were significantly lower than in 2024, to an…...
Why worker wages aren't at the mercy of employer "greed
1+ week, 2+ day ago (473+ words) Senior Vice President of Research, John Locke Foundation Reality, of course, has proven that to be false. The financial conditions of the working class have improved dramatically over the past century, with workers rising to upper income brackets a regular…...
Official stats understate America's fiscal imbalance
3+ week, 1+ hour ago (205+ words) Mark Warshawsky highlights bad news for America's long-term fiscal picture. Last week, the Treasury Department released, with no fanfare and little attention, the 2025 Financial Report (FR) of the US Government. Using an accrual accounting basis, rather than the cash basis…...
Credit card interest cap would hurt consumers
3+ week, 1+ hour ago (358+ words) Paul Kupiec assesses the likely negative impact for consumers of a government-imposed cap on credit card interest rates. A federal-government-imposed cap on credit card annual percentage rates (APRs) as severe as 10 percent would likely upend the credit card industry's current…...
Assessing AI's impact on productivity growth
3+ week, 1+ hour ago (270+ words) Michael Strain explores one of the most important impacts of artificial intelligence. Since Open AI's Chat GPT burst onto the scene in late 2022, economists and commentators have been discussing generative AI's possible effects on productivity. But from a cultural and…...
New revenue projection shows surplus, revenue triggers prompting tax cuts likely to be met
3+ week, 4+ day ago (304+ words) Report from October 2023 predicting "fiscal cliff" being proven to be way off Senior Vice President of Research, John Locke Foundation Yesterday the Fiscal Research Division, along with the state budget office, released its updated revenue projections for the remainder of…...
National Review ponders jobs 'miss"
1+ mon, 1+ week ago (426+ words) Editors at National Review Online analyze the latest American employment numbers. Investment gurus generally say that it is a mistake to put too much stress on one month's numbers " not that that stopped stock markets' taking another hit on the…...
Wealth tax as unconstitutional taking
1+ mon, 2+ week ago (244+ words) Disgruntled taxpayers often grouse that taxation is state-sanctioned theft, and libertarians frequently complain about regulatory takings. But the billionaire tax is a problem for more basic reasons'reasons that are crucial for all of us, not only the hyperwealthy. Although taxes…...
Correcting misconceptions about the US labor market
1+ mon, 3+ week ago (171+ words) Michael Strain of the American Enterprise Institute ponders surprising US employment numbers. Markets, economists and Federal Reserve officials seem to believe that the US labour market spent most of last year weakening, that inflation is trending back to the Fed's…...
Fixing unemployment problems exposed by COVID pandemic
2+ mon, 3+ week ago (405+ words) Matt Weidinger of the American Enterprise Institute explains how the COVID pandemic exposes a problem that requires significant reform. The COVID-19 pandemic exposed significant flaws in the nation's unemployment insurance (UI) system, which resulted in the improper payment of at…...