The American party system is in an unusual extended deadlock, with two minority parties. Both parties have plausible avenues to build a lasting majority coalition, but to do so, they must understand ...

You might be better off despite the trade-offs, but choices have consequences or costs. Americans would be better served if our politicians, policymakers, and policy commentators honestly highlighted ...

As wars have ravaged Ukraine and the Middle East in 2024, the situation around Taiwan has been comparatively quiet. The crisis many observers were expecting when the year began hasn’t erupted ...

Last week a judge unsealed a 165-page legal brief with damaging new revelations about President Donald Trump’s efforts to overturn the 2020 presidential election. The revelations have been ...

Presidential candidate Kamala Harris has proposed housing policies that recycle ineffective strategies long seen in federal housing programs. Her key proposals include subsidies for the ...

If Donald Trump loses the election, to hear him and his campaign tell it, the fate of the Republican Party should be the least of our concerns: His defeat would spell the end of the nation itself ...

Former President Trump has promised to “lower the cost of energy,” while Vice President Harris, who once supported a fracking ban on federal lands, has since reversed her position. We do know ...

This paper empirically estimates sustainable sovereign debt limits for 27 OECD countries, updating the model in Ghosh et al. (2013). We assess fiscal reaction functions, confirming the fiscal ...

Tech sector layoffs have grabbed a lot of headlines over the past two years since the Federal Reserve ended its zero interest rate policy that enabled vast investment in research, development, and ...

Policymakers should focus on promoting employment and creating conditions for job growth, rather than solely focusing on income redistribution or expansion of the social safety net. AI might make that ...

Social Security’s Old Age and Survivors Insurance trust fund is projected to be exhausted in 2033. Without intervening legislative action, current law dictates that benefits at that time would ...