Adam N. Michel The Institute on Taxation and Economic Policy (ITEP) has released a report claiming that 88 large corporations paid zero federal income tax on $105 billion of profits…
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Evan Sankey Operation Epic Fury was yet another demonstration of America’s unmatched conventional military capabilities. US forces inflicted substantial losses on Iran’s military, rapidly destroying its navy and most of…
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Editor's PickInvesting
The Government Can’t Evade the Seventh Amendment with the False Promise of a Future Jury
Thomas A. Berry, Brent Skorup, and Alexander Xenos This morning the Supreme Court will hear arguments in consolidated cases challenging the Federal Communications Commission’s authority to impose massive civil penalties…
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Nicholas Anthony European Central Bank officials pride themselves on championing democracy, but they seem to apply those values selectively. After submitting a public records request and conversing for weeks, the…
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Editor's PickInvesting
Schmidt v. City of Norfolk Brief: Automated License Plate Readers Commit Fourth Amendment Searches
Matthew Cavedon ALPR cameras in Pensacola, FL. (Photo: Tony Webster) Norfolk, Virginia, has deployed nearly 200 automated license plate readers (ALPRs) across the city, capturing every passing vehicle’s location, time,…
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Editor's PickInvesting
Making Sense—or Not—of the Executive Order on “Promoting Access to Mortgage Credit”
Solveig Singleton Conventional wisdom holds that lax mortgage underwriting standards contributed to the 2008 Financial Crisis. Ostensibly, legislators intended the 2010 Dodd-Frank Act’s Ability to Repay (ATR) and Qualified Mortgage…
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Jeffrey A. Singer When the Drug Enforcement Administration (DEA) placed psychedelics in Schedule I (“no currently accepted medical use and a high potential for abuse”) in 1970, it created regulatory…
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Michael Chapman President Donald Trump has suggested that the United States should leave NATO, pointing to allies’ refusal to help patrol the Strait of Hormuz and limits on using US…
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Scott Lincicome and Chad Smitson In a scramble to replace “emergency” tariffs invalidated by the Supreme Court, the Trump administration imposed temporary 10 percent tariffs under Section 122 of the…
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Editor's PickInvesting
Pharms v. United States Brief: Judges Shouldn’t Sentence People for Things the Jury Found They Didn’t Do
Matthew Cavedon Keith Pharms was arrested and charged with five counts involving a gunfight between, among others, Mr. Pharms and a police officer. The jury was specifically asked whether Mr.…