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March 20, 2024
Free Society

Cato Quarterly: Events, Publications, and Studies
… State and federal governments subsidize low‐quality medical care and penalize high‐quality care. Michael F. Cannon, director of health policy studies, created this quick‐reference guidebook for policymakers and the public to identify and easily understand the many government …
March 19, 2024
Cato Daily Podcast

Gaming War Games
War games are supposed to help train the military, expose weaknesses, and provide guidance on resource allocation. That last part can provide an incentive to game the war gaming system. Economist Garrett Wood comments.
Featuring Garrett R. Wood and Caleb O. Brown
March 19, 2024
Blog

Federal Housing Tax Credit: 2,060 Pages of Brutal Complexity
The LIHTC is not some simple investment incentive, but rather a giant central-planning scheme for the nation’s apartment buildings.
By Chris Edwards
March 18, 2024
Blog

Sorry Unions, China Isn’t Responsible for US Shipbuilding Woes
… saga of US failure is not subsidies by China or any other Asian country but extreme levels of protectionism that have smothered US shipbuilders’ competitive fire. Instead of casting subsidy stones, US policymakers should first inspect their own glass house.
By Colin Grabow
March 18, 2024
Blog

Spending Madness 2024 Contest
Thirty‐two unaffordable federal spending programs are going head‐to‐head in a classic, single‐elimination tournament format. And you get to decide the worst of the bunch.
By Chris Edwards and Scott Lincicome
March 15, 2024
Blog

Inflation Is Still Trending in the Right Direction
… be clear, it is useful and informative to have reporting on a variety of inflation metrics. The concern is if policymakers base their decisions on improper price metrics. If the Fed were to intervene and discretionarily react to short‐term …
By Jai Kedia
March 15, 2024
Cointelegraph

Neither Joe Biden nor Donald Trump Are Crypto Champions
… Trump has effectively called for increased restrictions on currency competition, increased financial surveillance, and higher regulatory burdens. As far as policy stances go at the agency level, it was a bit more of a mixed bag (partly because cryptocurrency was …
By Nicholas Anthony
March 15, 2024
National Review (Online)

Central Planning Disguised as Housing-Tax Credits
… 000 per unit to about $500,000. One recent LIHTC project in Chicago cost $898,000 per unit to complete. Policy‐makers are rightly concerned about the need for affordable housing. But LIHTC expansion and Biden’s proposed new housing …
By Chris Edwards
March 14, 2024
Blog

The OECD’s Pillar One Global Tax Cannot Be Salvaged
Last week, the Ways and Means Committee held a hearing on Pillar One of the Organisation for Economic Co-operation and Development’s (OECD) plan to remake the global business tax system and raise taxes on American businesses in the process. The Pillar One cure is worse than the digital tax disease. It’s time for the United States to abandon the OECD inclusive framework and pursue reforms prioritizing lower taxes and true international tax stability.
By Adam N. Michel
March 14, 2024
The Times

Please, Can We Make This the Last Circus Budget?
The sheer number of “missed opportunities” and the range of issues covered sheds light on the farce that budget days have become and the inflated hopes pinned on them as cure-alls for every social problem.
By Ryan Bourne
March 14, 2024
The American Conservative

Does ‘Little Napoleon’ Macron Want to Lead Europe into War with Russia?
Macron talks of defeating Russia. Instead, Washington and Brussels should concentrate on bringing the conflict to a peaceful end.
By Doug Bandow
March 13, 2024
Blog

The Fiscal State of the Nation: Testimony
Current fiscal projections threaten Americans with higher taxes, reduced economic growth, higher interest rates, stifling inflation, and the tail risk of a severe fiscal crisis that exacerbates all these issues.
By Romina Boccia
March 13, 2024
Blog

Biden’s Phony Deficit Reduction
President Biden’s new federal budget proposes high spending and huge deficits for years to come. The deficits are expected to boost government debt held by the public from $28 trillion this year to $45 trillion by 2034.
By Chris Edwards
March 13, 2024
American Institute for Economic Research

NAFTA: 30 Years of Driving Free Trade Critics Crazy
NAFTA is best understood as a lightning rod for criticism of globalization more broadly. Ire directed at the agreement is as much aimed at trade conceptually as it is at NAFTA itself, if not more so.
By Colin Grabow
Spring 2024
Regulation

Book Review: Social Contract, Free Ride: A Study of the Public Goods Problem
By Pierre Lemieux