Trump’s tariffs will shrink the economy and reduce investment, CBO says
President-elect Donald Trump's proposed tariffs would lead to increased costs, decrease financial development, much less funding in the USA, diminished productiveness by American staff, and fewer exports. Then again, they might marginally scale back the federal price range deficit. These are the trade-offs introduced in a Congressional Finances Workplace (CBO) report analyzing Trump's marketing campaign path guarantees to slap increased taxes on nearly every thing that Individuals purchase from overseas—with…
Pediatric cancer research funding kerfuffle is why people hate politics
This is the reason folks hate politics: A debate that sprung up within the closing hours earlier than lawmakers permitted a slapdash funds invoice on Friday supplies a tidy illustration of the performative bullshit that governs Congress as of late. This is what occurred: After the preliminary 1,500-page persevering with decision ran aground within the Home on Thursday, Republican leaders started tossing elements of the invoice overboard within the hopes {that a}…
Biden Campaigned Against Trump’s Tariffs but Left Them in Place
Within the January 2025 concern of Cause, we're giving efficiency critiques of Joe Biden's presidency. Click on right here to learn the opposite entries. Whereas he was interviewing for the job, President Joe Biden demonstrated an acute consciousness of how tariffs work. It is worrisome that he appears to have forgotten that—or, worse, chosen to disregard it—since he is been president. In June 2019, Biden accurately described the results of upper…
Biden’s Business Regulations Infringed on Freedom
Within the January 2025 situation of Motive, we're giving efficiency critiques of Joe Biden's presidency. Click on right here to learn the opposite entries. On home regulatory points, Biden has proven initiative and a willingness to go above and past what is named for. It is too dangerous that is the other of what a superb presidential job efficiency entails. The best candidate right here is somebody unwilling or unmotivated…
Social media influencers need labor law modernization
The Supreme Courtroom agreed to listen to oral arguments on the federal government's TikTok ban subsequent month, simply days earlier than it is purported to take impact. If the Supreme Courtroom upholds the ban, most of the 100,000 independent workers who depend on TikTok as both a major job or a facet gig might face devastating financial penalties. The time period "influencer" might elicit eye rolls, however whether or not…
Celebrating Brian Thompson’s murder is ghoulish
Essentially the most telling sentence in a prolonged Wall Avenue Journal article about Luigi Mangione, the Ivy League-educated scion of a distinguished Maryland household who's suspected of taking pictures UnitedHealthcare CEO Brian Thompson, is surprisingly banal: "It wasn't clear what dealings he had with medical health insurance companies." As Enterprise Insider reported, Mangione complained about horrible again ache in social-media posts "and what he felt to be the healthcare system's insufficient response." None…
Government shutdown looms as Congress scrambles to put together spending deal
Take three: Congress is scrambling to place collectively a satisfactory spending deal that may keep away from a authorities shutdown for the third time this week after the Home resoundingly rejected a compromise persevering with decision labored out by President-elect Donald Trump and Home Speaker Mike Johnson (R–La.). In a Thursday afternoon tally, representatives voted 174-235 in opposition to the Johnson-Trump compromise measure that might have saved the federal government…
California’s minimum wage for fast-food workers did not create jobs
After California's $20 minimal wage for fast-food employees went into impact in April, some economists anticipated affected eating places to chop jobs. So what truly occurred? They not solely added employees however did so at a sooner tempo than fast-food eating places within the nation as a complete—or no less than that was the declare of a analysis paper by two labor economists on the College of California, Berkeley, and…
You don’t beat China by copying China
Greg Jensen, co-chief funding officer at asset administration agency Bridgewater Associates, advisable final week in The Wall Street Journal that the U.S. undertake China's "quasimodern mercantilist system." Jensen claims that "forex administration, public procurement, state subsidies, protectionism and different implicit subsidies" have enabled China to develop "a variety of main industries." He additionally advocates for industrial coverage by means of the safety of "nationwide company champions." However whereas it's true…
International Monetary Fund highlights the perils of central bank digital currencies
With Bitcoin climbing over $100,000, each traders and authorities officers are taking a better have a look at digital cash. The issue is that there is a large distinction between an impartial forex designed to withstand surveillance and management, and one crafted by a central financial institution to allow precisely that. A brand new handbook from the International Monetary Fund embraces the potential of cryptocurrency whereas highlighting the risks inherent…
