WASHINGTON—Prices today are rising at their fastest pace in decades and American concern about inflation is growing. Yet over a year after the recession officially ended, Congress continues to pursue massive new government spending measures—including a $3.5 trillion budget resolution, the single largest spending package in history.
WASHINGTON—The COVID-19 pandemic has highlighted new and longstanding labor market frictions that are keeping Americans from returning to work. Occupational licensing regimes are particularly harmful and keep American workers on the sidelines.
WASHINGTON—In the last year, Americans in New York, California, and Texas have suffered from major power crises. Large-scale power crises have become unfortunately frequent, and judging by the U.S. record over the past year, not enough has been done to prevent them.
WASHINGTON— Left to their own devices, the American people would pursue construction projects often and enthusiastically. Unfortunately, the construction industry in the United States is far too often held back by its regulatory environment, and calls for massive government investments in infrastructure fail to address these real policy hurdles.