Role modeling economic freedom and open trade are the correct policies long term, not only for the United States, but also for its neighbors and trade partners around the world.
Less than two months after acting to bail out the nation’s money markets because of a liquidity crisis that arose from a surge in U.S. government borrowing to fund its spending, Federal Reserve Chair Jerome Powell testified before the U.S. Congress that the federal government’s current course of debt-fueled spending is on an “unsustainable…
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The possibilities of technology and innovation to improve people’s lives serve as helpful starting points in any conversation about the drawbacks of socialism or the merits of free enterprise.
Whatever his latest rhetoric, Trump has helped show that—just as economists feared—the idiocy of trade protectionism is contagious.
Sometimes fiction offers better lessons in political economy than reality.
In discussing the economy and especially economic policy, mainstream economists have been in love with optimality for a century or so.