The US is in the middle of an ideological paradigm shift. After decades in the political wilderness, progressives now dominate culture and are poised to dominate economic policy as well. To some, this represents a terrifying prospect. But alternating ideological programs are an important part of…

Once again, people are talking about a digital currency. This time, it’s the potential competitive threat from a digital yuan. But there’s no threat here at all — if China creates a digital currency, it’ll be little different from the payment methods they already use. And if the yuan partially…

The US is once again facing a border crisis — a wave of asylum seekers from Central America. President Joe Biden knows that the only long-term way to make the issue go away is to improve the economies of Honduras, Guatemala and El Salvador. But doing that will require more than foreign aid, it will…

The debate over President Joe Biden’s infrastructure bill has become preoccupied with the unimportant question of what counts as infrastructure. This is a pointless distraction; what really matters isn't how to define infrastructure, but what the government needs to spend money on to improve the…

Making the US more competitive with China is a big talking point for President Joe Biden as he promotes his economic agenda. After watching China seemingly go from strength to strength for two decades, it's natural to wonder in which industries we might actually have a chance at winning. The answer…

President Joe Biden’s multi-trillion dollar plans to revitalize the US economy are rightfully drawing comparisons to his predecessor Franklin Delano Roosevelt. But while it's the same goal, the two have somewhat different approaches, reflecting both the distinctive circumstances and the better data…

With so many big-ticket spending items on the table from President Joe Biden's administration, legislators are understandably looking for ways to pay for it all. One proposal is to raise the corporate tax. Some fear that this would make the US an uncompetitive place to do business, but there’s a…

Many of the complaints about Bitcoin over the years have been overhyped. But the cryptocurrency’s increasing use of real physical resources— energy and computer chips — can no longer be ignored. If Bitcoin wants to avoid government crackdowns, it needs to shift to technologies that don’t require…

The US is set to recover from the pandemic-induced recession faster than other rich countries thanks to its successful vaccination effort and copious relief spending. Though it might seem like weakness in the rest of the world will create a drag on US growth, it actually provides an opportunity to…

Green energy investment is hot again in the US. To some, the new boom will raise the specter of the clean-tech bust that followed a streak of exuberance a decade ago. But there are reasons to believe that this time the trend is no bubble or mirage. In the late 2000s and early 2010s, there was an…