Once again, we're debating the purpose of corporations. On one side, progressives such as Sen. Elizabeth Warren argue that companies - given broad rights in court decisions such as Citizens United v. Federal Election Commission - must also accept broad social responsibilities such as paying attractive wages and protecting the environment.

Hoover Institution fellow Steven Davis discusses whether corporate buybacks are a good use of corporate cash or whether corporations could spend the money more effectively elsewhere.

One big headline from Friday’s initial report on first-quarter U.S. gross domestic product is the boost growth received from the fallout of President Donald Trump’s trade wars. Yet below the surface are signs of how his disruptive approach to trade is also dampening growth in a way that may be more worrying for the long term.

Hoover Institution fellow Lee Ohanian discusses his California On Your Mind article "What Do You Call A $70 Million Trailer Park? Insanity? No, It’s Called “Low-Income Housing.”