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July 30, 2025
It’s Not Surprising That No-Strings Attached Cash Didn’t Help Kids
A recent study put to the test an idea that has become increasingly influential over the past decade: To help kids thrive, one of the best things you can do is to give their parents cash with no strings attached. This idea was the impetus in 2021 for the one-year replacement of the existing Child Tax Credit—which…
April 9, 2025
Trump’s Tariff Formula Is Still Wrong. Maybe That’s Why No One Will Admit They Created It.
Last Friday, we showed that the Trump Administration’s tariff formula contained an error that made its calculated tariffs up to four times too large. The entire premise of the administration’s approach—that a country’s tariff and non-tariff trade barriers can be derived solely from the bilateral trade balance with that country, and that the goal of…
April 4, 2025
President Trump’s Tariff Formula Makes No Economic Sense. It’s Also Based on an Error.
President Trump on Wednesday announced tariffs on practically every foreign country (and some non-countries), ranging from a 10 percent minimum all the way up to 50 percent. The economic fallout has been dramatic, with the stock market losing nine percent of its value (based on the S&P 500 index at the time of writing) and…
March 13, 2025
Two Charts Show Why a Trade War Over Fentanyl Doesn’t Make Sense
Following a month-long pause, President Trump last week reimposed tariffs on Canada and Mexico, only to pause many of them again two days later. Different reasons have been offered by the Trump Administration for the tariffs, but in recent days the President’s advisers have honed in on one reason in particular: Fentanyl is being shipped across our borders with…