Viewpoints

The Gibraltar–Spain fence is down—but what happens now?

Your child’s report card may be sending the wrong signal. Grades and GPAs increasingly reflect institutional incentives rather than academic achievement.

The issues surrounding election integrity are grounded by something fundamental: the legitimacy of self-government itself.

Pandemic-era aid allowed many states to expand spending without confronting long-term costs. The bill is coming due.

When conditions are favorable to upward mobility, you get upward mobility.

How capitalism gave consumers an exit.

Not all trillions—debts, valuations, investments—are created equal. Huge nominal numbers often obscure the institutions and incentives that produced them.