New Poll: 76% of Americans Oppose Student Debt Cancellation if It Drives up the Price of College, 64% Oppose if It Raises Taxes
Emily EkinsMajorities oppose cancelling federal student debt if it raises their taxes, primarily benefits the wealthy, increases college prices, or causes more employers to require degrees.TheCato 2022 Student Debt Cancellation National Survey, a  new national poll of 2,000 U.S. adults, finds 64% of Americans support the federal government forgiving up to $10,000 in federal student loans for people who earn less than $150,000 a year or less than $300,000 per year for married couples. However, support for cancelling federal student loan de bt plummets when Americans consider its trade‐​offs.Nearly two ‐​thirds of...
Source: Cato-at-liberty - September 1, 2022 Category: American Health Authors: Emily Ekins Source Type: blogs

Housing Innovation Faces Many Barriers
ConclusionRegulatory reform is a necessary requirement for improving U.S. housing access and affordability. While companies in the private sector have championed new ways to develop housing to meet changing demands in the face of constraints, current regulations not only limit traditional housing production but also limit innovative ideas meant to act as an alternative. Policymakers should pay closer attention to existing barriers to housing innovations and work to identify and eliminate them.Special thanks to Yujin Lee for co-authoring portions of this post.[1] The Department of Housing and Urban Development (HUD) ’s na...
Source: Cato-at-liberty - September 1, 2022 Category: American Health Authors: Vanessa Brown Calder Source Type: blogs

The New Deal and Recovery, Part 21: Happy Days
George SelginBy the start of 1948, there could no longer be any doubt: the Great Depression wasn ' t coming back. Instead of collapsing at war ' s end, as many feared it would, combined government and private spending (as measured by nominal Gross Domestic Product) hardly budged between 1945 and 1946, and started climbing again thereafter. Consequently, as we ' ve seen, the unemployment rate ended up being as low as it had been in the latter 1920s; and the consumer price level, far from falling again as many feared it would, rose at alarming rates once controls were lifted, settling down by the end of the decade.Nor was th...
Source: Cato-at-liberty - August 31, 2022 Category: American Health Authors: George Selgin Source Type: blogs

California Declares War on Fast Food Industry
Michael D. TannerCalifornia never seems to run short of bad policy ideas. But the Golden State ’s latest exercise in ignoring the fundamentals of economics has to go to the top of the list.This week the legislature narrowly passed the Fast Food Standards and Accountability (FAST) Recovery Act which would effectively allow the state to set wages, benefits, hours, and working conditions for their fast food industry. The legislation,AB 257, would establish a Fast Food Council as part of the state Department of Industrial Affairs, composed of representatives from fast food franchises, fast food workers, labor unions (eu...
Source: Cato-at-liberty - August 31, 2022 Category: American Health Authors: Michael D. Tanner Source Type: blogs

A Libertarian View on Restoring the Guardrails of Democracy
Walter OlsonHow best can we keep America from entering a constitutional succession crisis or suffering a turn toward authoritarianism? As readers may remember frommy post last month (see also), several of us at Cato contributed as “Team Libertarian” to the National Constitution Center’s essay project “Restoring the Guardrails of Democracy” on this topic. This week the Volokh Conspiracy ishosting a symposium featuring participants, with me writing for Team Libertarian, Prof. Ned Foley for Team Progressive, and David French for Team Conservative. Each of us is starting off with a post laying out...
Source: Cato-at-liberty - August 29, 2022 Category: American Health Authors: Walter Olson Source Type: blogs

The Mar ‐​a‐​Lago Search Warrant Affidavit: What It Tells Us
Patrick G. EddingtonDespite the redactions contained in the search warrantaffidavit, there ’s enough there to give us a better idea of the sequence of events in this saga to date.The TimelineBy May 6, 2021, National Archives (NARA) officials began asking Trump and his representatives to return records that were supposed to have previously been transferred to NARA by Trump ’s last day in office. Those requests went unanswered until December 2021, when Trump’s representatives informed NARA officials that 12 boxes were at Mar‐​a‐​Lago.For reasons that remain classified (per pp. 14 –16 being either largely...
Source: Cato-at-liberty - August 26, 2022 Category: American Health Authors: Patrick G. Eddington Source Type: blogs

Friday Feature: National Microschooling Center
Colleen HroncichDespite their small size, microschools are having a big impact on education. And this week ’s launch of the new National Microschooling Center is likely to help as parents, teachers, and education entrepreneurs will now have a central hub for information and resources.“Microschools are designed in a way that every child can thrive, ” notes Ashley Soifer, Chief Innovation Officer at the National Microschooling Center. “Relationships are at the heart of microschooling, and as microschooling leaders build relationships with each child as an individual, it creates an educational opportuni...
Source: Cato-at-liberty - August 26, 2022 Category: American Health Authors: Colleen Hroncich Source Type: blogs

BREAKING: Redacted Mar ‐​a‐​Lago Search Warrant Unsealed
Patrick G. EddingtonThe search warrant can be viewedhere, but very quickly I  want to draw your attention to this extract from p. 17 of the search warrant:As the FBI Washington Field Office agent who submitted the affidavit noted earlier in the document (pp. 4 –5), “HCS” stands for human intelligence (HUMINT) control system. In other words, the documents marked HCS and observed by the FBI agents who conducted the search and seizure involved information derived from living persons, undoubtedly foreign nationals, who supplied information to the U.S. g overnment.The compromise of HCS information can lead to the impriso...
Source: Cato-at-liberty - August 26, 2022 Category: American Health Authors: Patrick G. Eddington Source Type: blogs

New England Governors Seek Jones Act Relief as Spike in Winter Heating Bills Looms
Colin GrabowConcerned by high and volatile global energy prices, New England ’s six governors dispatcheda letter to Secretary of Energy Jennifer Granholm last month asking for assistance. At the top of their wish list: exploring the conditions under which theJones Act might be suspended to allow the region expanded access to U.S. natural gas. It ’s an eminently reasonable request that Congress and the White House should embrace.Although geographically part of the U.S. mainland, in terms of energy New England is almost an island.Lacking pipeline connections to refining centers outside the region, it also has insuff...
Source: Cato-at-liberty - August 26, 2022 Category: American Health Authors: Colin Grabow Source Type: blogs

Biden Student Debt Cancellation Proposal: Even Worse than Expected
Neal McCluskeyYesterday, I  assembled mytop five reasons to oppose mass student debt cancellation in anticipation of the Biden administration announcing a  plan today. The plan is somewhat different from what I expected, and worse than I feared.All but one of my reasons yesterday applies to theproposal the White House put out today. Number two – cancellation would be skewed to higher‐​income borrowers – no longer applies.As expected, Biden will cancel $10,000 for all federal student debtors up to joint filers earning $250,000. That includes, by the White House ’s own admission, basically all but the 5% of top...
Source: Cato-at-liberty - August 24, 2022 Category: American Health Authors: Neal McCluskey Source Type: blogs

Federal Records Declassification Follies: Biden Administration Edition
Patrick G. EddingtonYesterday, POLITICO ’s Brian Benderreported on a new Biden administration effort to “pierce the veil” of excessive federal government secrecy. The mechanism: a new National Security Council ‐​led initiative to reform America’s insanely broad and totally dysfunctional system of classifying and declassifying U.S. government records.The “both sides” tone of much of Bender’s piece–that declassification advocates have points in their favor, but government bureaucrats have legitimate concerns too–is emblematic of the kind of lazy reporting on this issue that makes it seem like ...
Source: Cato-at-liberty - August 24, 2022 Category: American Health Authors: Patrick G. Eddington Source Type: blogs

Taxes, Regulations, and Small Business in California ’s Marijuana Industry
David BoazCalifornians voted in 2016 to legalize marijuana for adult recreational use. The voter initiative,Proposition 64, provided for taxes, licensing, and a county option on whether to allow marijuana businesses at all (much like the alcohol rules in my home state of Kentucky, where some counties are “dry” to this day). Libertarians applauded the advance for liberty, and mostly understood that some taxes and regulation were inevitable — what product isn’t taxed and regulated in modern America? — butwarnedthat excessive taxes and regulations could keep much of the marijuana tradein the black market.Well, ...
Source: Cato-at-liberty - August 23, 2022 Category: American Health Authors: David Boaz Source Type: blogs

How the Market, Not Government, Regulates Cryptocurrency Crimes
Nicholas Anthony andIvane NachkebiaWhile policymakers have been busy formulatingsweeping changes and regulators have been busydebating jurisdiction, some participants in the cryptocurrency industry have been busy regulating the space themselves. And considering that all too often the word “regulation” follows the word “government,” we shouldn’t be too quick to overlook the fact that the market too is capable of creating a level of order and regularity. In the case of cryptocurrency, part of this effort to create order and regularity has taken the form of countless individuals and organizations seeking to com...
Source: Cato-at-liberty - August 23, 2022 Category: American Health Authors: Nicholas Anthony, Ivane Nachkebia Source Type: blogs

What Imran Khan ’s Trouble Means for U.S.-Pakistan Relations
This article by Michael Kugelman is from 2014 but the point remains true today).And third, this whole drama is taking attention away from a real cause of concern: Pakistan ’s flailing economy. Pakistan is currently trying torally support within the U.S. to urge the International Monetary Fund to disburse the first installment of the aid package it promised in July as soon as possible. Khanmay accuse the interim government and military of pandering to the U.S., but the reality is, Pakistan desperately needs the money toavoid a full ‐​blown economic crisis.So, the Biden administration may be wary of Pakistan ...
Source: Cato-at-liberty - August 22, 2022 Category: American Health Authors: Sahar Khan Source Type: blogs

Overdue for Change: Social Security at Age 87
Romina BocciaThis past Sunday, Social Security – the single largest federal government program – turned 87 years old. The world has changed, but this massive federal program has not kept up with the times. Change is overdue.When President Franklin D. Roosevelt signed Social Security into law on August 14, 1935,he referred to it as “a law which will give some measure of protection to the average citizen and to his family…against poverty‐​ridden old age.” From a modest income support program, targeted toward individuals who lived beyond the age of life expectancy, Social Security now redistributes more than $...
Source: Cato-at-liberty - August 17, 2022 Category: American Health Authors: Romina Boccia Source Type: blogs