John Tamny

A portrait of the noted American economist Milton Friedman (1912 - 2006), New York, 1986. Professor Friedman was awarded the Nobel Prize in Economic Sciences in 1976. (Photo by Bachrach/Getty Images)

Republicans and the Wall Street Journal face criticism for backing the Sanctioning Russia and Iran Act, which expands White House tariff authority. While the Journal acknowledges the problematic nature of ceding such power, it praises the bill's "important restrictions," limiting tariffs to nations with significant Russian trade, like India and China. However, the author contends this limitation is insufficient, recalling the severe economic impact of prior Trump tariffs on major trading partners. Granting this power, even with supposed restrictions, is deemed irresponsible and damaging to the U.S. economy. Tariffs on large importers like China and India would disrupt global trade, ultimately harming American producers and consumers. The legislation is characterized as "vandalizing economics."

Ed Crane, the late co-founder of the Cato Institute, was not a fan of “across the board spending cuts.” And that’s not because Crane favored big government. Crane very much disdained

The DOJ was investigating Google and Chrome for monopolistic practices right as Open AI released ChatGPT in 2022. Get it? It’s worth thinking about as the excellent Holman Jenkins asks, “W

The DOJ was investigating Google and Chrome for monopolistic practices right as Open AI released ChatGPT in 2022. Get it? It’s worth thinking about as Holman Jenkins asks, “When is Beijing

U.S. retirees plan to work until they die. Which is a very happy story about the evolution of retirement. The previous truths are seemingly lost on policy writer John Mac Ghlionn. Writing recently at

Americans are seeing significant wage growth, with typical workers experiencing a 5.5% year-over-year increase. This positive economic news, often politicized by media, is amplified by rapid technological innovation and democratized access to investment opportunities. The article emphasizes that these wage gains, when compounded through savings and investment in accessible stock market funds, offer substantial long-term benefits across all income levels. The stock market, presented as a non-partisan forward-looking indicator, signals continued investment and future prosperity. This suggests the current 5.5% rise is merely the beginning of even greater economic progress, driven by American ingenuity and widespread investment access.

Periodic dollar weakness and instability more broadly is not something that gets much attention from the stablecoin crowd.

Electronic boards display the foreign exchange rate of the Japanese yen against the US dollar at a foreign exchange brokerage in Tokyo on June 30, 2026. (Photo by Kazuhiro NOGI / AFP via Getty Images)

The power “team picture” routinely changes in Washington. This historical truth doesn’t seem to be landing with Republicans in Congress, or their media allies. Think the Wall S