Trump is just the latest manifestation of an old American instinct.
This bill is a train wreck waiting to happen.
“The market is not a place, a thing, a collective entity. The market is a process, actuated by the interplay of the actions of the various individuals cooperating under the division of labor.” – Ludwig von Mises
One of the gravest economic mistakes that humans can make is to forget that ours is unavoidably a world of scarcity.
Trump-style economic nationalism, like the more full-throated fascism with which it shares much, aims to bring back the mythical glory days of the nation. But if we really want to make America great (again), we should learn the lesson of history, as well as economic theory, that prosperity comes from the free movement of goods, services, and people regardless of arbitrary political lines.
What follows is an extended transcript of a conversation I had with four professors about Donald Trump’s first 100 days plan. The transcript below has been edited for clarity.
Once upon a midnight dreary, while I pondered, bright and cheery, In the penthouse of my tower on the fifty-seventh floor — While I sat there, Donald Trumping, suddenly there came a thumping, As of someone gently bumping, bumping up against my door. “’Tis some immigrant,” I muttered, “coming in to clean the floor — […]
The problem is that business experience does not automatically translate into good economic policy.
John Rawls famously argues that we should think about principles of justice from behind a “veil of ignorance.” How robust would you like the protection of religious freedom to be if you had no idea whether you turn out to be a Christian, Muslim, atheist, etc.? How would you like income to be distributed if […]
We’re a little over a week into President Obama’s lame duck period with President-elect Donald Trump’s cabinet and administration beginning to take shape. Here’s a few news stories you may have missed in that time. President-elect Donald Trump has been holed up inside Trump Tower for the last week as his team begins work on […]
Trump’s trade policies miss one of the most fundamental economic concepts: When two parties engage in trade, they are both better off.
Your chances of encountering a lethal refugee are about 1 in 3.64 billion. Pardon me if I’m not quaking in my boots at those odds.
Disagreeing with what someone has to say but defending his or her right to say it is the foundational defense of free speech. English writer Evelyn Beatrice Hall sums it up well when she says: I disapprove of what you say, but I will defend to the death your right to say it.”] This view […]