Imagine your son or daughter aspiring to be a government crony instead of an engineer or business owner. That nightmare scenario plays out in a new video by Crony Chronicles, a website that fights cronyism. In the video, kids who might otherwise have become doctors and architects aspire instead to …
Wednesday’s warning by the Congressional Budget Office (CBO) that the fiscal cliff is likely to push the economy back into recession should bring things sharply into focus for lawmakers. The CBO is correct that the fiscal cliff will lead to a recession, but its report contains faulty economic reasoning. The …
On Wednesday, the Securities and Exchange Commission (SEC) adopted a little-known section (and there are many) of the Dodd–Frank financial regulation bill that will end up doing the most harm to the people in the Congo that it purports to help. The Wall Street Reform and Consumer Protection Act, Title …
Outdated forecast data containing rosy economic assumptions and signaling potential cost overruns plagues the planned $6.9 billion XpressWest high-speed rail project connecting Victorville, CA, to Las Vegas, NV, according to a new Reason Foundation report. If it fails, the seriously flawed plan could put taxpayers on the hook for billions. …
Each semester, we bring together more than 60 young leaders from across the country to participate in our internship program in D.C. They are given the opportunity of practical experience working on policy research, marketing, and business, and training in communication skills like blogging and public speaking. They learn about America’s …
China (GDP: $5.9 trillion) overtook Japan ($5.5 trillion) as Asia’s largest economy in 2010. Despite its rapid growth and much larger population, however, China’s economy still remains less than half the size of the U.S. ($14.6 trillion). Recent reports indicate that China’s economy has been showing signs of slowing, further …
The federal government recently announced that it is expected to run a budget deficit of more than $1 trillion for the fourth straight year. One often-overlooked result of these large budget deficits is their negative impact on U.S. exporters. Sales of U.S. Treasury securities to foreigners are not counted as …
Taxpayers will lose even more on the auto bailout than previously thought, as the Treasury has just revised its estimate upward to $25 billion. This may still underestimate the losses to come—yet President Obama plans to tout the auto bailout as a key accomplishment of his Administration. Politico recently obtained …
The U.S. Export-Import Bank inked a $2 billion clean-energy loan offer with South Africa to help fund the country’s green-energy push and drum up sales for America’s renewable industry, according to an announcement made last week. The 18-year loans will target wind, solar and thermal power in particular, said Fred …
