Economy, Finance, and Budgets

Milton Ezrati The Silver Lining in Trump’s Tariff Chaos

Today’s global trade system was never intended to last forever.

Mark P. Mills Blame Regulators for Holding Back U.S. Manufacturing—Not Tariffs

America’s manufacturing decline is the result of a bloated regulatory state that punishes producers and stifles growth.

Steven Malanga California Needs a DOGE

Taxpayers are footing the bill for a state government that disregards obvious waste and fraud.

Charles Fain Lehman, Judge Glock, Rafael A. Mangual, Daniel Di Martino The Trade War Starts in 3…2…1

City Journal Podcast

Allison Schrager Trump Is Right About Unfair Trade, but Tariffs Aren’t the Right Fix

Protectionism makes industries less competitive.

Nicole Gelinas How America’s Obsession With “Too Big to Fail” Led to Trump’s Tariffs

Past presidents were too afraid to withstand any pain from allowing markets to help adjust the economy.

Christopher F. Rufo, David Reaboi How “Tesla Takedown” Activists Fool the Public

The campaign against Elon Musk’s company is hardly a grassroots movement.

Judge Glock America Should Learn From Argentina’s Failed Tariff Experiment

The South American nation’s industries became less competitive after implementing trade barriers.

Paul du Quenoy The Met’s “Big Bet” on Contemporary Opera Looks Like a Loser

General manager Peter Gelb’s gamble on new works has failed to fill seats—or steady the company’s shaky finances.

Patrick Horan How the Fed Should Deal With Tariffs

Nominal GDP targeting would allow the central bank to balance price stability and maximum employment more effectively.

Brian Albrecht Tariffs Didn’t Drive America’s Nineteenth-Century Growth. They Won’t Today, Either

Innovation, capital, and labor powered U.S. industrial advances, not trade barriers.

Adam A. Millsap How to Convince Trump That Tariffs Aren’t the Only Answer

Supporters of freer trade will have to take the president’s concerns seriously if they want a seat at the table.