Closing the Government’s Books on 2024

The end of the calendar year traditionally represents a time when many people take stock of their personal finances. How much did your income change during the last year? How much did your spending change? What about your debt? Are you better off now than you were a year ago? What do you need to change in the next year to improve your financial situation?

Ozempic Shortage Exposes FDA Challenges—but Telemedicine Offers Hope

Last November, the New York Times asked, “What is Ozempic, and why is it getting so much attention?” Five months later, it answered its own question with the headline, “This is what a miracle drug looks like.”

A Monster Spending Bill Is Defeated After Public Protests

The latest episode of Government Shutdown Theater did not go according to the usual script.

From Golden Fleece® to Gold Star: How the California DMV Cut Red Tape and Improved Customer Satisfaction

The California Department of Motor Vehicles (DMV) has long had a reputation for embodying inefficient government bureaucracy. The agency was rife with waste and inefficiencies, a condition that earned it the California Golden Fleece® Award in 2019, a project of the Independent Institute aimed at investigating and reforming the worst examples of government failure, misallocated resources, and bureaucracy in California’s state and local governments.

Censorship Under the Guise of Security: The TikTok Ban Part I

The Supreme Court has announced that it will hear arguments related to the controversial TikTok ban. The Court of Appeals for the D.C. Circuit previously upheld the law banning the social media platform if it is not sold to a competitor, and TikTok’s request for an injunction while it works on a response was denied. An important point to note is that the media coverage has largely misunderstood the Supreme Court’s announcement, which pertains specifically to the injunction at this time, rather than the constitutionality of the ban itself. It is an encouraging development and likely a precursor for the high court reversing the lower court’s decision. The bill is nothing less than an attack on free expression and the rule of law and sets a dangerous precedent for presidential overreach.

The U.S. Government’s Building Fiscal Crisis

Government spending is going through the roof as the outgoing Biden-Harris administration cements its fiscal legacy of failure.

Argentina’s Hard Reset: Milei’s Economic Reforms One Year Later

When Javier Milei assumed office a year ago, skeptics saw three potential risks. One, he might take an authoritarian turn, subverting liberal democracy. Two, his libertarian agenda could stall under the constraints of an opposition-controlled Congress and powerful and socialist unions, that his libertarian agenda would stall. Three, the pain of shock therapy would destroy his popular base, leaving him politically neutered.

Don’t Trust the Cabinet, Trust the Market

To the surprise of many, Donald Trump won the 2024 presidential election handedly. Even more are surprised by his rapid—and sometimes head-scratching—nominations ahead of taking office again.

National Debt Passes New Grim Milestone

One week before Thanksgiving, the U.S. government’s total public debt outstanding surpassed $36 trillion for the first time ever.

The Pilgrims’ Real Thanksgiving Lesson

Feast and football. That’s what many of us think about at Thanksgiving. Most people identify the origin of the holiday with the Pilgrims’ first bountiful harvest. But few understand how the Pilgrims actually solved their chronic food shortages.

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