Investing

David J. Bier President Donald Trump premised his mass deportation agenda on the idea that he will be “returning millions and millions of criminal aliens.” Department of Homeland Security (DHS) Secretary Kristi Noem has repeatedly claimed that they are arresting the “worst of the worst.” New nonpublic data from Immigration and Customs Enforcement (ICE) leaked to the Cato Institute reveal a different ...

Neal McCluskey The Trump administration has announced that the US Department of Education (DoED) is sending day-to-day responsibility over several of its functions to other departments. This is a small step in the right direction—DoED must end. But it is crucial not to lose sight of the much bigger, ultimate goal: ending all unconstitutional and unproductive federal meddling in education. What ...

Christian Kruse and Norbert Michel It’s been five years since the Securities and Exchange Commission (SEC) attempted to “harmonize” the rules governing public and private securities markets. Yet, the reform’s change to the accredited investor standard has fallen short on its goal of broadening access to private markets. The accredited investor standard dictates which Americans are considered “financially sophisticated” by ...

Jeffrey A. Singer AI and Health Care: A Policy Framework for Innovation, Liability, and Patient Autonomy—Part 4 With the holiday season here, parents, grandparents, and other adults are shopping for gifts for young children. Among the popular new toys are cuddly stuffed animals that contain AI chatbots capable of interacting with children. Some manufacturers design these toys for children as ...

Justin Logan The prospect of peace in Ukraine has activated its opponents. The Wall Street Journal’s chief foreign affairs correspondent, New York Times columnist Nicholas Kristof, New York Times columnist Thomas Friedman, former presidential candidate Hillary Clinton, and former Ukraine ambassador Bridget Brink have all decided that President Donald Trump is the second coming of Neville Chamberlain, the British prime ...

Jeremy Horpedahl The American Farm Bureau Federation, or Farm Bureau, recently released their annual tradition for Thanksgiving: a report on the cost of a typical Thanksgiving dinner in the United States. For 2025, the Farm Bureau tells us, you can make a traditional meal of turkey, sweet potatoes, cranberries, pumpkin pie, and other sides for a group of 10 for about ...

Romina Boccia The Federal Aviation Administration (FAA) has a chronic air traffic control (ATC) staff shortage because government control leads to a classic concentrated-benefits, diffuse-costs failure.  The FAA relies on a single training academy for new controllers. It’s in Oklahoma—and Oklahoma legislators like it that way. As reported by the Washington Post, “Last year, a U.S. Senate committee approved a ...

Jeffrey Miron No. Much, perhaps all, of this regulation is misguided. As with most other policies, the federal government should leave states free to make their own mistakes. This provides valuable feedback about the effects of different policies, and it diffuses the polarization and resentment likely to result from imposing one approach on all states. Federalism is not perfect, but ...

Jeffrey A. Singer On November 20, the New Jersey Supreme Court ruled 6–1 that the hypothesis behind Shaken Baby Syndrome/​Abusive Head Trauma (SBS/AHT) — that shaking a baby’s head can cause the clinical “triad” of intracranial hemorrhage, brain swelling, and bleeding behind the retina — is controversial within the scientific community and cannot serve as a basis for convicting someone ...

Colleen Hroncich A group of Tennessee parents and anti-school-choice advocacy organizations filed a lawsuit on November 20, challenging the state’s Education Freedom Scholarship (EFS) Act, claiming the program violates the state’s constitutional mandate to maintain and support a single system of public schools that provides every child with an adequate education. The lawsuit invokes Tennessee Constitution Article XI, Section 12, ...