Mexico today increasingly resembles Colombia 25 years ago, but President Obama has demonstrated insufficient leadership against illegal drugs and his administration seems to have no consensus on the severity of the problem.

The Lehman bankruptcy shows how a territorial system can destroy value and create arbitrary and unnecessary risks and losses for creditors, problems which could have been avoided with a Debtor Selection System.

Both sides in the battle over health care reform have played around with the facts, creating a cloud of half-truths that has blurred the debate.

A common fallacy holds that imposing taxes on imports and rebating taxes on exports would stimulate the economy.

The compelling case for replacing income taxation with consumption taxation has nothing to do with border adjustments.

What John McCain's South Carolina win suggests about illegal immigration.

Whether we like it or not, in a globally interconnected economy, America's prosperity depends on the willingness of foreigners to invest here.

One of the most frightening security threats to the United States is a terrorist nuclear attack in which the device is smuggled into the United States by sea. In addition to the thousands of lost lives and the physical damage that such an attack would cause, the ensuing disruption to...