Interest Rates and Fed Tightening

Interest rate for short-term bank borrowing is −5 percent (after inflation), but the Federal Reserve shrank monetary base nearly $1 trillion this year. Is the...

Recession Has Arrived, Commerce Data Shows (Commentary)

Recession has arrived, as Commerce Department data confirms: the U.S. economy shrank in the first half of 2022. Newly released data from the Commerce Department...

IRS Sent $1.1 Billion in Child Welfare Payments to the Wrong People (Commentary)

In the first five months of sending expanded child welfare payments to American families, the IRS wasted only about $1.1 billion. In other words, this might be...

Occupational Licensing Raises Barriers, Not Quality (Study)

Occupational licensing raises barriers, not quality, according to research from the Institute for Justice. by Thomas A. Hemphill   The Institute of Justice, a nonprofit, public interest law...

Napolitano: Edward Snowden and the Constitution

Snowden remarked that he'd rather be stateless than voiceless. Today, he is an American banished from his homeland.

Shapiro: Giorgia Meloni and The International Anti-Woke Backlash

This week, Italy prepared to welcome a new prime minister: 45-year-old Giorgia Meloni, leader of the right-wing Brothers of Italy party.

De Rugy: The Difference Between ‘Pro-Market’ and ‘Pro-Business’

Defending the free market is quite different from a blanket defense of businesses. I am pro-business only insofar as I am pro-market.

Borrower Sues to Stop Biden’s Student Loan Bailout

Borrower sues to stop Biden’s student loan bailout, which will cost him $1,000 in increased state income tax, but not reduce his payments. Probably the...

Democrat Files Measure to Amend Illinois’ SAFE-T Act After Election

An Illinois lawmaker is proposing changes to the SAFE-T Act, which ends cash bail on Jan. 1.

Illinois Gov. Pritzker Suffocates Free Speech (Commentary)

Illinois Gov. Pritzker "recently intervened directly to have privately-funded newspapers canceled and opposition TV ads removed from the airwaves in Illinois." By Steve Cortes Should any powerful elected official...

McCaughey: Supreme Court Showdown on Social Media Censorship Ahead

Justice Clarence Thomas has proposed that social media platforms be regulated like common carriers or public utilities.

Parker: Time for a Commitment to America

The Republican Commitment to America is about restoring the right to life, liberty and pursuit of happiness that once was the American dream.

The Case for Ending the Fed (Commentary)

Everyone knows that the Fed is unnecessary. Congress could abolish the institution and restore monetary matters to the free market.

Moore: America Needs Political Betting Markets

Betting markets are often efficient because they price in real time the most accurate polling data, as well as day-to-day events.
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S. T. Karnick is a senior fellow and director of publications for The Heartland Institute, where he edits Heartland Daily News.