Investing

Romina Boccia Debates over Social Security reform in the United States are often framed around financing tweaks rather than first principles. Proposals to lift or eliminate the payroll tax cap,…

Travis Fisher In the energy sector, 2025 was the year when we all realized we had outgrown our trousers. The flaws inherent in the systems that seemed to work well for…

Mike Fox and Matthew Cavedon On January 7, 2025, heavily agricultural Kern County, California, fell into chaos as Border Patrol agents unconstitutionally targeted people for stops based on their ethnicity…

Jeffrey A. Singer It’s a tradition for people to make resolutions as the year ends and a new one begins. The New Year taps into a deeply human impulse for renewal.…

David J. Bier In 2025, President Trump’s Department of Homeland Security (DHS) attempted and carried out so many unlawful, unconstitutional, immoral, and economically and socially damaging actions in the name…

Clark Neily Looking back on a markedly tumultuous year in American politics—and a few months forward to the 250th anniversary of the Declaration of Independence—we might well dub 2025 “the…

Romina Boccia and Ritvik Thakur Medicare spending is the largest driver of the US debt crisis. Medicare accounts for more than $53 trillion of the long-term unfunded obligations of the…

Mike Fox We’ve all been there. You get the notification: “Package Delivered.” You head to the door, heart full of anticipation, only to find an empty porch. Years ago, while…

Romina Boccia and Ivane Nachkebia The United States is already experiencing the consequences of fiscal excess, driven in part by the growing imbalance in major entitlement programs, including Social Security.…

Robert A. Levy In anticipation of our nation’s semi-quincentennial, here are my reflections—some previously published—on a dozen key questions related to America’s founding documents. 1. What foundational political question did…