Tweet National Review‘s Andrew Stuttaford writes of “the Trump slump.” A slice: The market rallied on Trump’s election as investors celebrated the approach of the (formal) conclusion to the Biden presidency, the defeat of Kamala Harris, and, they reckoned, a reprise of Trump’s first term. But sentiment began to sour with the realization that Trump envisaged his second term as a very different adventure. There is a tendency, at least among those whose 401(k)s are a respectable distance […]
Ryan Bourne Last week in the New York Times, Emory professor Mark Bauerlein made a surprising pitch to President Trump: don’t kill the National Endowments for Humanities and the Arts—hijack them. Bauerlein argues that, rather than axing these bureaucracies that advance left-wing cultural activity, conservatives should seize their grantmaking abilities to instead champion MAGA‑friendly canon. , Bauerlein admits the agencies’ budgets tilt progressive, but thinks eliminating them would miss an opportunity for conservatives to advance in the culture […]
(NA) A bipartisan group of prominent legal scholars and former government officials have filed an amicus brief supporting the lawsuit against Donald Trump’s “Liberation Day” tariffs, recently filed by the Liberty Justice Center and myself, on behalf of five US businesses severely harmed by the policy. The brief unites big-name constitutional law scholars across the political spectrum in a way I have rarely seen. Legal scholars on the brief include Steve Calabresi (Northwestern), Harold Koh (Yale), Richard Epstein […]
Education choice is booming in popularity across the United States, and the federal government may be ready to join the rush—that is, if everything goes just right. A growing number of state governments have been getting out of the way of parents who want alternatives to government-run schools for their children. That’s meant a bonanza of options including homeschooling, charter schools, private schools, and programs like education savings accounts that make education funds portable so families can use […]
Ilya Somin President Trump’s massive “Liberation Day” tariffs, imposed April 2, on goods imported from almost every country in the world are likely to do grave damage to the U.S. and world economies, impose an enormous tax increase on Americans (an average of some $1,300 per household per year), and poison relations with America’s allies. They are based in part on a completely nonsensical “reciprocity” formula, compounded by mathematical errors. , The tariffs are also a blatantly illegal […]
Justice Samuel Alito protests that the U.S. Supreme Court acted “hastily and prematurely” when it issued an unusual late-night order on Friday blocking the Trump administration from using the Alien Enemies Act to carry out a new batch of deportations. “I refused to join the Court’s order,” Alito wrote in dissent in A.A.R.P. v. Trump, “because we had no good reason to think that, under the circumstances, issuing an order at midnight was necessary or appropriate.” Notably, only […]
Scott Lincicome One of the reasons stock markets rejoiced when President Donald Trump announced a 90-day pause of his now-infamous “reciprocal” tariffs was the belief (hope?) that the messy episode might result in not only those tariffs never being imposed but also new and important agreements with now-closed countries around the world. Foreign governments were lining up, Treasury Secretary Scott Bessent told us, to sign deals with the United States that would give U.S. businesses expanded access to […]
Dominik Lett While Elon Musk’s Department of Government Efficiency (DOGE) has rightfully drawn attention to some pretty silly and wasteful spending, it has overpromised and underdelivered on verifiable spending cuts. This should not be a surprise. Substantial deficit reduction by unilateral executive decree was never a realistic outcome, given that Congress holds the power of the purse. Nonetheless, the original mission of DOGE to downsize government and eliminate wasteful spending remains as relevant as ever. That’s precisely why […]
Today, Lawfare published my article “The Constitutional Case Against Trump’s Trade War.” Here is an excerpt: President Trump’s massive “Liberation Day” tariffs, imposed April 2, on goods imported from almost every country in the world are likely to do grave damage to the U.S. and world economies, impose an enormous tax increase on Americans (an average of some $1,300 per household per year), and poison relations with America’s allies. They are based in part on a completely nonsensical […]