Biden Expanded Executive Power to Kill the US Steel-Nippon Merger
In one of his final acts as President, Joe Biden has blocked Nippon Steel’s acquisition of US Steel, citing national security concerns. This controversial decision, executed through executive action on January 3, 2025, has reignited debates over protectionism and its
Does Educational Philanthropy Harm Liberal Society? It’s Complicated
Philanthropic contributions are a quiet but integral part of American education funding. In 2016 (the most recent year for which good data are available), philanthropists contributed nearly $5 billion to US public schools, with $800 million stemming from the Bill and
Debunking the Three Best Arguments for Tariffs
With President Trump’s return to office after the Biden interregnum, we can be sure of one thing: tariffs are going to be a major part of his policy. He has touted tariffs as revenue generators, as ways to bring back