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Industrial policy — government effort to favor certain sectors, technologies, or firms — has a long history. Far from a fringe idea, politicians across the spectrum have promoted such policies for centuries. But the results are far more problematic than its current popularity suggests.
The pattern appeared early. Federal land grants built the
Despite reports that they are less harmful than regular cigarettes, legislators have targeted e-cigarettes and vapes via
Since September 2025, the United States has conducted dozens of military strikes in the Caribbean and eastern Pacific against vessels allegedly engaged in drug trafficking. As of late May, the death toll was over
Was President Lyndon Johnson’s “war on poverty” the main driver of declining poverty rates after 1964?
Not according to a new study. The researchers examined a measure of poverty
that accounts for all taxes and g...