Texas bond elections often pass with low voter turnout and simple majorities, driving up local debt as a result. Raising voter approval thresholds could protect taxpayers and ensure a stronger consensus for public spending. Key points: Even though tax relief has been funded at the state level, increased debt at the local level has led...
California Gov. Gavin Newsom has a lot to say about the environment and also about government-funded high-speed rail in his state. As usual, he leaves out a lot of important context. In the third and final part of our look at Shawn Ryan’s marathon mid-July podcast with Newsom, we share what Newsom won’t. In the...
The One Big Beautiful Bill Act, signed into law on July 4, 2025, was supposed to be a decisive break from government intervention in energy markets. Instead, it became a masterclass in why energy subsidies represent one of the most persistent forms of government market intervention. When Congress first debated energy policy reform, the U.S....