The Trump administration is planning to spend as much as $12 billion in aid to help farmers hurt by the administration’s tariffs. By acknowledging the need for aid to farmers, the Trump administration is admitting that its tariff strategy is hurting Americans. There are multiple reasons why providing aid to farmers to offset the effects of tariffs … Continue reading Here Are 5 Reasons Why Trump’s Tariff Bailouts Are a Bad Idea
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
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
This is an excerpt from “#Duped: How the Anti-gun Lobby Exploits the Parkland School Shooting-and How Gun Owners Can Fight Back”. How is it that so many kids raised on “Harry Potter”, “The Hunger Games”, “Star Wars”, and all the Marvel action figure movies manage to miss a critical point of the stories? The lesson being: … Continue reading More People Use a Gun in Self-Defense Each Year Than Die in Car Accidents
The most fascinating phenomena of American politics is the increasingly anti-immigration opinions of politicians like Donald Trump that contrasts with an increasingly pro-immigrant public opinion. Gallup has asked the same poll question on immigration since 1965: “In your view, should immigration be kept at its present level, increased, or decreased?” Gallup’s question does not separate legal from … Continue reading Polls show growing numbers of voters back increased immigration
The Canadian government, lining the pockets of its dairy producers, imposes high tariffs on American dairy imports. That forces Canadians to pay higher prices for dairy products. For example, Canadians pay $5.24 for a 10.5-ounce block of cheddar. In Washington, D.C., that same amount of cheddar sells for $3.64. Canadians pay $3.99 for a 1-pound … Continue reading US Tariffs Hurt Americans More Than Anyone Else
Left-wing financier George Soros figures prominently in a campaign by progressives to repeal the Trump tax cuts, according to a review of the campaign’s allied organizations and their tax records by The Daily Signal. The campaign, called “Not One Penny,” first came together almost a year ago with what The Washington Post reported was “a seven-figure ad … Continue reading George Soros Behind Campaign to Repeal Trump Tax Cuts
A common criticism of Bernie Sanders is that “he doesn’t know anything about economics.” If only he had studied economics in college, some say, he would realize how destructive and illogical socialism is. However, if progressive heroine Alexandria Ocasio-Cortez’s recent interview on PBS’s “Firing Line” is any indication, a degree in economics is no longer … Continue reading 3 Times Alexandria Ocasio-Cortez Flunked Economics
Progressives have been lamenting the absence of Barack Obama. The former president has been largely absent from the political arena since President Trump’s ascendancy to the office. This, of course, is the norm for ex presidents. But, as I noted in 2017, this tradition has proven difficult for progressives to accept for various reasons, including … Continue reading Obama Slams Identity Politics
Today (Sunday, April 22) is Earth Day 2018 and time for my annual Earth Day post….. In the May 2000 issue of Reason Magazine, award-winning science correspondent Ronald Bailey wrote an excellent article titled “Earth Day, Then and Now” to provide some historical perspective on the 30th anniversary of Earth Day. In that article, Bailey … Continue reading 18 Spectacularly Wrong Predictions Made Around the Time of the First Earth Day In 1970. Expect More This Year.
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