State pensions typically rely on stock market returns to fund the benefits to retirees, and fall back on taxpayers when stocks are down. What about when taxpayers are also down, in a sense, because of a viral pandemic? AEI’s Andrew Biggs comments.
The punishment dealt by the coronavirus was bad enough, but many journalists and other creators have been doubly sandbagged by a California law that limits their ability to work on a freelance basis. The Cato Institute has filed a brief in the case of American Society of Journalists and Authors v. Becerra. Trevor Burrus, one of the author’s of Cato’s brief, describes what’s at issue.