Unemployed Households Can Earn $25/Hour on Welfare in 21 States, New Study Finds

The US economy is in a perplexing state of labor market purgatory. We have 9.3 million unfilled job openings, all while millions of Americans remain on unemployment benefits and millions more are opting out of the labor force entirely.   In short, a labor shortage is throttling the economic recovery. But why?  A new study published … Continue reading Unemployed Households Can Earn $25/Hour on Welfare in 21 States, New Study Finds

Steel Tariffs and Why We Can’t End Failed Government Programs

Catherine Rampell of the Washington Post wonders why President Biden has not repealed President Trump’s costly tariffs on imported steel and aluminum from “our close economic and military allies, including the European Union, Canada and Japan.” If both the United States and our allies recognize the damage these trade barriers are doing, what are the obstacles to … Continue reading Steel Tariffs and Why We Can’t End Failed Government Programs

Congress Is Trying to Give Jeff Bezos’s Space Firm $10 Billion of Your Tax Dollars

Elon Musk and Jeff Bezos are two of the richest men in the world, and while both are clearly brilliant titans of industry, neither of them achieved that status without multiple handouts from the government. Musk’s Tesla and SpaceX have received nearly $5 billion in government aid over the years in various forms—grants, environmental credits, … Continue reading Congress Is Trying to Give Jeff Bezos’s Space Firm $10 Billion of Your Tax Dollars

Fauci’s Mask Flip-Flop, Explained (by Economics)

Last summer in an interview with CBS Evening News anchor Norah O’Donnell, Dr. Anthony Fauci said he had no regrets over advising Americans against wearing masks in public spaces early in the pandemic, even though his recommendations changed months later. “I don’t regret anything I said then because in the context of the time in … Continue reading Fauci’s Mask Flip-Flop, Explained (by Economics)