In Part I of this series, we reviewed some new research from the New York Federal Reserve. That study showed that Americans bear about 90 percent of the burden of Trump’s Liberation Day trade taxes. Though I added my own two cents because I don’t actually care that much about who bears the burden of […]
Below is my column in the California Post and New York Post on the exodus of wealthy taxpayers from the state as Democrats seek to trap them with a retroactive wealth tax. They are engineering a type of reverse Gold Rush as up to a trillion dollars leave the state with a line of U-Hauls […]
Some thoughts from my browser AI. My Question: What are the legal matters, such as major questions requiring congressional action, that favor ending EPA CO2 Endangerment Finding? Search Assistant Reply: The legal matters surrounding the repeal of the EPA’s CO2 Endangerment Finding involve the major questions doctrine, which suggests that significant regulatory authority should not […]
By Paul Homewood It’s official: WASHINGTON – Alongside President Trump in the White House’s Roosevelt Room, U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin announced the single largest deregulatory action in U.S. history. In this final rule, EPA is saving American taxpayers over $1.3 trillion, eliminating both the Obama-era 2009 Greenhouse Gas (GHG) […]
I used to subscribe to the New York Review of Books, which, while sometimes a repository for boring academic cat-fights, often included engaging and illuminating articles—until fabled editor Bob Silvers died in 2017. Now, under the leadership of editor Emily Greenhouse, the magazine, always Left-leaning, seems to have become more progressive. The article by gender…
Does this mean we will have fewer stories from the Post about how human hair clothing can save the Earth?! What will happen to the team of Washington Post ‘climate solution’ reporters?! The world of journalism has dramatically improved today!
Pharmaceuticals have high fixed costs of R&D and low marginal costs. The first pill costs a billion dollars; the second costs 50 cents. That cost structure makes price discrimination—charging different customers different prices based on willingness to pay—common. Price discrimination is why poorer countries get lower prices. Not because firms are charitable, but because a…
The death tax presumably is the most destructive tax on a per-dollar-collected basis, but I suspect the capital gains tax is in second place. Like the death tax, the capital gains tax is pure double taxation, thus exacerbating the tax code’s bias against saving and investment. And the capital gains tax is particularly foolish since […]
Jan. 24 marked the 20th anniversary of the release of Al Gore’s alarmist global warming movie “An Inconvenient Truth.” Gore has surfed the movie and climate alarmism to a net worth estimated at $300 million and a Nobel Peace Prize.
One of the predictions made by economists when President Trump announce the start of his freewheeling tariff policies in April 2025 was that the costs of the tariffs would ultimately be passed through to consumers, leading to overall higher inflation. Well, President Trump has been tossing out tariff threats, keeping some and withdrawing others. However,…
Donald Trump, who describes himself as “Tariff Man,” recently wrote a column in defense of his protectionist trade policy for the Wall Street Journal. After reading the column, my first thought was that Trump was trying to show he is more economically illiterate than Joe Biden (a big challenge, as seen here and here). And […]
The proposed acquisition of Warner Bros. Discovery (WBD) assets by Netflix is already being cast as a landmark antitrust “test case.” If past deals are any guide, the critiques will follow a familiar script: narrow market definitions, selective data points, and headline-friendly market-share claims designed to trigger alarm. Yet in a video ecosystem defined by…
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
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