Saturday, April 21, 2018

Economics

How the Postal Service Loses So Much Money

Lately, when he isn’t trying to blame China on America’s competitiveness woes, President Donald Trump has become obsessed with the online retailer Amazon. While there’s speculation that Trump is using the reins of government...

TGIF: The Dangerous Deficit in Trade Understanding

I was chatting with my tobacconist the other day -- I have no rabbi, no priest, no minister, no imam, no chiropractor, and no lawyer, but I do have a tobacconist -- when it...

AI: The Human Delusion

Whether we like it or not Artificial Intelligence is upon us. It already exists in basic forms in time will it grow and evolve into a non biological organism that will defy what ever...

Venezuela’s Petro: Fool’s Oil

Venezuela has the largest oil reserves in the world. Crude exports earn the country 95 per cent of its foreign exchange. That figure used to be lower, but relentless nationalization and the government’s insistence...

The Difference Between Good Globalism and Bad Globalism

"Globalism" and "globalization," are terms that suffer from a lack of any precise definition. The terms are used freely by a wide variety of commentators to mean both good and bad things — many...

Free Market Thinkers Have Stopped Thinking

Anthropologists say that humans became human about 200,000 years ago.  Evolutionists say this was the result of a million years or so of evolution.  Creationists say it was the result of creation.  For purposes...

TGIF: Economic Nationalism: Elitism in Populist Clothing

My old friend and former American Conservative editor Dan McCarthy gets it all wrong about Donald Trump's "national security" tariffs on aluminum and steel. I won't discuss Dan's strictly economic case for the tariffs -- I've...

Exporting Roosevelt’s New Deal through Aid, Investment, and Threat of War

The Marshall Plan is more than a historical event — it has become a modern myth. As such, it may be mostly true or mostly false, but it exercises a powerful hold over reality....

Tariffs Are Not the Answer

President Trump’s planned 25 percent tariff on steel imports and 10 percent tariff on aluminum imports may provide a temporary boost for those industries, but the tariffs will do tremendous long-term damage to the...

TGIF: Trading Places

"What protection teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war." --Henry George When Donald Trump can propose tariffs on imported steel,...
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