Join IPI on May 20 as we host a live virtual briefing with Prof. Russ Roberts of the EconTalk podcast as he reminds us Who Was Adam Smith and Why Does He Matter, in Smith's 250th birthday year. Seems like a reminder of Smith and his contributions would be very timely right now!

There is a way to secure Texas’s status as a logistical hub: a Union Pacific–Norfolk Southern merger. This proposed merger would create the first true transcontinental freight rail network under a single system, eliminating the time consuming carrier handoffs that add days and significant cost to cross-country shipments and positioning Texas as a major hub linking freight flows between the East and West Coasts. Strengthening these connections would reinforce the Lone Star State’s role in the national supply chain, improve economic efficiency, and ease pressure on already strained roadway infrastructure.

Congress has a choice. Pass the House bill and keep private capital flowing into new housing construction. Or adopt the Senate approach and hand Sen. Warren and her Democratic colleagues a political victory that throws the housing market in the wrong direction. One path advances President Trump's agenda of expanding supply and delivering real affordability. The other path makes a difficult market measurably worse by exacerbating the nation’s housing shortage.

Leadership in AI will not be achieved by importing Europe’s regulatory model. It will be secured by unleashing American ingenuity, backed by reliable energy, clear rules, and a regulatory system accountable to the American people—not foreign bureaucracies.

A brief look at two of the most famous American amnesties — Jimmy Carter’s pardon of Vietnam draft dodgers and Ronald Reagan’s 1986 immigration law — makes the distinction clear.

A fight is underway for the economic future of the United States, and some of our own politicians are siding with global competitors over domestic interests.