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USOIL

America’s crude oil production increased in April to the highest level in 44 years, thanks to the shale revolution, which has reversed a 40-year decline in crude oil output in only about six years.

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If workers can use government force through minimum wage laws to achieve above-market wages, shouldn’t employers then be able to use government force to pay below-market wages with maximum wage legislation?

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Several education policy experts discuss the results of the Friedman Foundation for Educational Choice’s annual Schooling in America Survey.

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Maybe so, but it is an idea that deserves no nostalgic comeback.

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If the IMF and the European Union truly want Greece to succeed and not to become a failed state, they would do well to support an orderly Greek exit out of the euro.

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The latest from James Pethokoukis and the AEIdeas blog.

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Emannuel Saez

When prosperity is broadly shared and upward mobility is robust, there is less reason to fret about rising inequality.

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As private school choice moves into a new era, there are three unresolved tensions that I think will shape the next five to 10 years. Understanding them will be key to understanding the landscape of private school choice going forward.

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US Senator Bob Corker walks inside the US Capitol in Washington, in this picture taken on April 15, 2015. REUTERS/James Lawler Duggan

Senator Corker’s visit to Venezuela could send a positive signal that the US Congress will defend democracy, freedom of expression, and economic liberty, rather than seek to normalize ties with a criminal regime that is abusing the Venezuelan people.

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Just because federal budget deficits and the growing national debt aren’t in the news every day doesn’t mean the problem has gone away.

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