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New York City Mayor Mamdani wants five city owned grocery stores selling staples 30% below cost, at $70 million to build and $100 million a year to run. Cato's Rikki Schlott talks with Don Boudreaux about why private supermarkets survive on 2% profit margins, and what actually happens when govern...
Most rich countries that tried annual wealth taxes eventually scrapped them, but now California and Elizabeth Warren want to run the experiment in the United States. Ryan Bourne talks with Adam Michel about how a “modest” 3 percent levy can swallow 60 percent of an asset’s 5 percent return—and le...
Earlier this year the Supreme Court ruled that the president could not use the "International Emergency Economic Powers Act" (IEEPA) to impose tariffs and the administration immediately turned to other legal mechanisms to assert that power. Laura Bondank-Harmon interviews Clark Neily and Ilya Som...
Nearly 60% of housing markets in the United States have been characterized as “unaffordable.” Cato's Ryan Bourne talks with Howard Husock of the American Enterprise Institute about why rent freezes, vouchers, and government run housing tend to make the problem worse, using New York City as a caut...
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