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Biden Expanded Executive Power to Kill the US Steel-Nippon Merger
In one of his final acts as President, Joe Biden has blocked Nippon Steel’s acquisition of US Steel, citing national security concerns. This controversial decision, executed through executive action on January 3, 2025, has…
Time To Declassify Everything, Mr. President. Or Another Russiagate Is Inevitable.
By Robert Romano Following Congress’ certification of President-elect Donald Trump’s victory over Vice President Kamala Harris in the 2024 election on Jan. 6, all eyes now turn towards Trump’s Jan. 20 inauguration and most…
Does Educational Philanthropy Harm Liberal Society? It’s Complicated
Philanthropic contributions are a quiet but integral part of American education funding. In 2016 (the most recent year for which good data are available), philanthropists contributed nearly $5 billion to US public schools,…
Debunking the Three Best Arguments for Tariffs
With President Trump’s return to office after the Biden interregnum, we can be sure of one thing: tariffs are going to be a major part of his policy. He has touted tariffs as revenue generators, as ways to bring back…
Why America Is in So Much Trouble
Shortly before Milton Friedman's death in 2006, I had the privilege of interviewing him over dinner in San Francisco. The last question I asked him was: What are the three things we have to do to make America more…
The Once And Future President
By Robert Romano Today marks the Jan. 6 certification of the Electoral College by Congress of the reelection of Donald Trump to the Presidency, only the second time in U.S. history a president has been elected to…
The Problem With Retaliatory Protectionism
A familiar excuse for protective tariffs and other trade restrictions goes like this: It would be all well and good for our government to follow a policy of free trade if other governments did the same. But other governments…
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