Economic Policy News

China‘s economy, the world’s second largest after America’s, is struggling months after the communist regime ended its stringent zero-COVID policy. “China’s economic success was largely down to its size and the speed of its abundant inexpensive labor to produce,” Andrew Hale, senior policy analyst in trade policy at The Heritage Foundation, told The Daily Signal…

It’s back to school this week for Florida students and many others across the country. The first days and weeks of a new school year are always filled with anticipation, adjustments, transitions, and growth for parents and students. Yet, this school year’s “firsts” for an expanding pool of families also includes the first time that…

While Americans are paying trillions of dollars for President Joe Biden’s climate change agenda, that agenda is weakening America’s national security, and China is set to profit heavily from this folly. As members of Congress were leaving Washington for the August recess, Biden’s National Highway Transportation Safety Administration quietly published new proposed fuel economy standards…

I’ve often thought there is something providential about the Declaration of Independence being drafted and promulgated throughout the American Colonies the same year that Adam Smith’s book “The Wealth of Nations” was published. After all, both texts were revolutionary, and both were fundamentally concerned with protecting and promoting liberty. The Declaration of Independence was very…

The United States and Switzerland have long been described as “Sister Republics”—a term that symbolizes their deep and abiding partnership. Sharing common democratic values, the rule of law, free-market ideas, and even similar constitutions, the two nations have a proven record of a dynamic partnership on many critical issues. This Alpine country, despite its small…

The ideas of low taxes, limited government, and free enterprise won the Cold War, but now they are being “strangled into stagnation,” former British Prime Minister Liz Truss warned Wednesday. Truss made her remarks in Washington at The Heritage Foundation's 2023 Margaret Thatcher Freedom Lecture, hosted by Nile Gardiner, director of the foundation's Margaret Thatcher…

FIRST ON THE DAILY SIGNAL—A Job Creators Network Foundation monthly survey is providing somber insight into how some small businesses view the U.S. economy. Sixty-three percent of small business owners "said they’re worried that the shaky economic environment could force their business to close—a six-point jump compared to February," a press release said. The March…

OXON HILL, Md.—The Earth is warming, and while many worry about the potential consequences of the change, it is not unprecedented or dangerous, and will be a net benefit for humanity, Vijay Jayaraj said. Numerous figures in the mainstream media have pushed “climate alarmism,” but Jayaraj, a research associate at the nonpartisan, nonprofit CO2 Coalition,…

We are in a looming financial crisis, even if we don’t want to see it. Silicon Valley Bank was, according to Moody’s, worthy of an investment-grade rating as of March 8. S&P Global Ratings similarly held a high opinion of SVB. Two days later, SVB was shut down. Immediately, Moody’s dropped SVB into junk territory….

The president’s budget for fiscal year 2024 is less a display of prudent finance as it is reminiscent of a carnival shell game. If you don’t pay close attention to the details, you’ll wind up suckered by the man moving the ball around. President Joe Biden’s political talking points may appease his Democrat colleagues, but…

When discussing budgets, President Joe Biden often uses a quote that he attributes to his father: “Don’t tell me what you value. Show me your budget—and I’ll tell you what you value.” If the administration’s latest budget is any indication, Biden doesn’t value America’s future. 1) More Spending and Debt A president’s budget is a…

WASHINGTON, D.C.—The House’s most conservative caucus announced its “Shrink Washington, Grow America” plan on Friday as the debt ceiling debate continues in Washington. Rep. Scott Perry, R-Pa., chairman of the House Freedom Caucus, began the caucus’ press conference by discussing the Democrats’ support for a $1.7 trillion omnibus bill that President Joe Biden signed into…

OXON HILL, Md.—The clock is ticking on America’s debt. “You cannot spend yourself into oblivion like this country’s been doing,” Rep. Ralph Norman, R-S.C., says, adding that Republicans are “going to tackle it head-on.” America has reached its current debt ceiling of $31.4 trillion, and Treasury’s extraordinary measures will likely be able to extend current…

A character in Ernest Hemingway’s first novel, “The Sun Also Rises,” explains how he went bankrupt: “Gradually and then suddenly.” Americans who have fallen deep into credit card debt or had to rely on high-interest, payday loans probably can relate. As a borrower’s debt mounts and his credit score is downgraded, creditors demand higher and…

The Heritage Foundation’s 2023 Index of Economic Freedom, released Monday, offers sobering insights into setbacks to economic freedom across the globe, including, regrettably, here at home. Since its inception in 1995, the index—an annual global study that compares countries’ entrepreneurial policy environments—has measured a nation’s commitment to limited government and free enterprise by evaluating four…

Taiwan's economic freedom ranking has risen to an all-time high, according to The Heritage Foundation's 2023 Index of Economic Freedom released on Monday. The index ranks Taiwan No. 4 with an overall economic freedom score of 80.7 and No. 2 out of the 39 economies in the Asia-Pacific region. The region's average overall economic score…

At the annual World Economic Forum last week, former Vice President Al Gore melted down faster than any glacier he and his fellow eco-alarmists have ever pointed to as supposed evidence of global warming. In a panel discussion on Jan. 18 at the five-day gathering of his fellow globalist elites in Davos, Switzerland, the former vice president…

During his remarks Tuesday at the World Economic Forum meeting in Davos, Switzerland, John Kerry, President Joe Biden’s climate envoy, rather absurdly declared that “it’s so almost extraterrestrial to think about saving the planet.” Indeed, Kerry’s assertion sounds so alien, particularly considering the reality of how China, the world’s top polluter, has avoided paying for…

With Congress continuing its nearly three-year-long inflation-driving spending spree and adding several new federal taxes—not to mention 87,000 new IRS agents—it’s easy to miss a fascinating subplot that will help soften the blow in many states. In the face of all the dysfunction in Washington, dozens of states have been busy cutting taxes for individuals…

The House of Representatives voted 225 to 201 to pass the $1.85 trillion omnibus spending bill on Friday afternoon. This comes a day after the Senate voted 68-29 for the legislation, meaning that the bill will end up on President Joe Biden’s desk for his signature. Nine Republicans voted in favor of the omnibus bill…