5 reasons why Venezuela’s nightmare could get worse

  “It’s time for a coup in Venezuela.” That statement appeared in Foreign Policy magazine on June 5, two weeks after Nicolás Maduro was re-elected as Venezuela’s president on May 20 in an election widely considered to be rigged. José R. Cárdenas, the former Bush administration official who wrote it, argued that “the United States … Continue reading 5 reasons why Venezuela’s nightmare could get worse

Amid Push for Knife Control, UK Shows Gun Control Doesn’t Increase Safety

It was widely reported earlier this month that London experienced a higher number of murders over the first three months of 2018 than did New York City—the first time in modern history that has occurred. The United Kingdom has some of the most restrictive gun control laws in the world, so the increased murder rate … Continue reading Amid Push for Knife Control, UK Shows Gun Control Doesn’t Increase Safety

There’s No Such Thing as a Trade Deficit

Concerned with how trade is commonly discussed, Greg Mankiw recently issued a plea to journalists to halt the use of subjective terms to describe trade flows. Rather than words such as “deteriorated” or “improved,” the Harvard economics professor (and noted textbook author) proposes that writers employ more objective language such as “the trade balance moved towards surplus.” Mankiw’s … Continue reading There’s No Such Thing as a Trade Deficit

Don’t Be Fooled by North Korea’s Dismantling of Rocket Test Site

Satellite imagery indicates North Korea has begun to dismantle its Sohae rocket engine test facility and space vehicle launch stand. The dismantlement is a welcome, though limited, development, because Pyongyang indicated the site was no longer necessary after having successfully completed its missile and nuclear programs. In April, North Korean leader Kim Jong Un declared that “we … Continue reading Don’t Be Fooled by North Korea’s Dismantling of Rocket Test Site

4 charts show why Trump’s tariffs will hurt everyone – not just China

On March 22, the Trump administration lobbed its second volley in a planned escalation of punitive trade measures against America’s trading partners. The latest salvo targets China, the largest U.S. trading partner, and covers a much wider range of products than the first set of tariffs, which focused on steel and aluminum. There are many … Continue reading 4 charts show why Trump’s tariffs will hurt everyone – not just China