Butt-Legging

Alexander Hamilton wrote in Federalist 21: It is a signal advantage of taxes on articles of consumption, that they contain in their own nature a security against excess. They prescribe their own limit; which cannot be exceeded without defeating the end proposed, that...

Perverse Incentives in Academia

Farid Zaid at Inquisitive: The idea that scholarly excellence could be measured with precision is a relatively recent invention. The Journal Impact Factor (JIF), introduced in the mid-twentieth century, marked the beginning of this shift – offering first libraries and...

More on the Tariff Disaster

Wall Street Journal: Nearly all of the new jobs last month were in social assistance and healthcare (46,800), which rely on government spending. Industries with high tariff exposure shed workers, including manufacturing (-12,000) and wholesale trade (-11,700)....