Municipal governments that grow raise the tax burden on their residents, and this in turn acts as a drag on both the future tax base and economic growth of the area.

Resident scholar Steven F. Hayward addresses whether President Barack Obama is a socialist.

The best investment plays are now overseas: all dollar-denominated assets are going to be punished as this stimulus spending kicks in.

President Ronald Reagan's philosophy, accomplishments, and style framed public policy debates in ways that helped propel Republicans into today's governing majority.

Mario Vargas Llosa received the Irving Kristol Award and discussed his political and literary work in Latin America and Spain.

There may be considerably more scope for applying pressure to Pyongyang today than many appreciate becausePyongyang has viablealternatives to its current economic course.

It looks as though Europe is set to repeat in the 21st century the disasters of the 20th, but we very much need Europe to be successful--and soon.

The revival of conservatism, drawing upon the richness of American exceptionalism, explains why America has refused to make peace with the modern welfare state, why it remains a military superpower, and why Americans remain religious people.