Daily Economy
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Trade Negotiations aren’t Chess, Poker, or Go. They’re Bridge.
Chess is zero-sum and strictly competitive. Trade is collaborative; its foundational principles are voluntary exchange and mutual advantage.
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Regime Uncertainty and Market Uncertainty
When political rhetoric or fiscal policies threaten property rights or increase instability, private investors tend to withdraw.
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Plastic’s Quiet Role in Defeating Poverty
If we were to stop using plastic tomorrow, global supply chains would collapse, food wouldn’t reach the people who need it in remote areas, and millions would lose access to life-saving medical supplies.
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Inside US Air Traffic Control: Conflicts of Interest and Absence of Oversight
Why is US flight safety and timeliness falling behind the rest of the world? Only government-guaranteed monopolies can afford to be this incompetent.
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‘Local Control,’ Fake and Real
If a local government rules you can’t build on your land, but doesn’t actually seize it, who should pay for the value they destroyed?
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The Benefits of Expertise — and Its Limitations
Specific knowledge matters, but it thrives when people are allowed to question dominant ideas and to look for better theories.
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Business Conditions Monthly March 2025
With America’s ballooning debt load, a bond market backlash, and a Moody’s downgrade, fiscal space to respond to a downturn is rapidly evaporating.
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Could Adopting Collectivist Activism Undo Classical Liberalism?
Some argue radical tactics are needed, before the polite, restrained civil libertarians are overrun by their less-principled opponents.
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When Pol Pot Read a Book on Marx
Pol Pot was a well-meaning monster, an idealistic revolutionary who studied in Paris and believed he could purify Cambodia. He wanted to build a better world for the poor — even if millions had to die.
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When Will The Fed Cut Interest Rates?
The Fed should seek to avoid its recent mistakes, and keep nominal spending on a stable trajectory. FOMC predicts rates will be 50 basis points lower by the end of 2025.
-
•
Trade Negotiations aren’t Chess, Poker, or Go. They’re Bridge.
Chess is zero-sum and strictly competitive. Trade is collaborative; its foundational principles are voluntary exchange and mutual advantage.
-
•
Regime Uncertainty and Market Uncertainty
When political rhetoric or fiscal policies threaten property rights or increase instability, private investors tend to withdraw.
-
•
Plastic’s Quiet Role in Defeating Poverty
If we were to stop using plastic tomorrow, global supply chains would collapse, food wouldn’t reach the people who need it in remote areas, and millions would lose access to life-saving medical supplies.
-
•
Inside US Air Traffic Control: Conflicts of Interest and Absence of Oversight
Why is US flight safety and timeliness falling behind the rest of the world? Only government-guaranteed monopolies can afford to be this incompetent.
-
•
‘Local Control,’ Fake and Real
If a local government rules you can’t build on your land, but doesn’t actually seize it, who should pay for the value they destroyed?
-
•
The Benefits of Expertise — and Its Limitations
Specific knowledge matters, but it thrives when people are allowed to question dominant ideas and to look for better theories.
-
•
Business Conditions Monthly March 2025
With America’s ballooning debt load, a bond market backlash, and a Moody’s downgrade, fiscal space to respond to a downturn is rapidly evaporating.
-
•
Could Adopting Collectivist Activism Undo Classical Liberalism?
Some argue radical tactics are needed, before the polite, restrained civil libertarians are overrun by their less-principled opponents.
-
•
When Pol Pot Read a Book on Marx
Pol Pot was a well-meaning monster, an idealistic revolutionary who studied in Paris and believed he could purify Cambodia. He wanted to build a better world for the poor — even if millions had to die.
-
•
When Will The Fed Cut Interest Rates?
The Fed should seek to avoid its recent mistakes, and keep nominal spending on a stable trajectory. FOMC predicts rates will be 50 basis points lower by the end of 2025.