Economics
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Improving on the One Big Beautiful Reconciliation Bill
Preserving the de minimis tariff exemption for low-cost imports would save low-income households billions.
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Xi Jinping Braces For Struggle
China’s strongman leader is purging his advisors again, looking politically insecure amid demographic and economic decline.
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Taking Government Out of GDP, An Update
Government spending comes at a cost to our standard of living: it’s time to stop counting weapons systems as citizens’ economic welfare.
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How Interest Rates Set Asset Prices: One Weird Trick
A low funds rate artificially inflated asset values for much of the past 30 years. Zombie industries are now addicted to cheap borrowing.
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Nixon to Now: How the Kitchen Debate Came Home
The recent wave of protectionism is not about efficiency or economic growth. It’s about national control — about engineering particular outcomes.
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Three-Dimensional Trade Chess, Explained
The White House claims tariffs can accomplish three concrete things. Even if each were correct, they’re mutually exclusive.
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How Tariffs Kill Knowledge and Leave Us in the Dark
Markets aren’t machines for distribution; they’re dynamic processes of entrepreneurial discovery. Tariffs dim the signals that reveal what no planner ever could.
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‘Twin Deficits’: A Tale of Fiscal Folly, Not Trade Failure
Irresponsible government spending is caused by the fiscal recklessness of Congress and the White House, not by foreigners making attractive offers of imported goods to Americans.
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Tariffs Instead of Taxes? A Back-of-Envelope Estimate
Projected revenue from tariffs ignore the realities of how people and businesses will react. Are we ready to double the cost of everything?
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Even ‘Invincible’ Superheroes Face Tradeoffs
Politicians and voters can’t move forward while they cling to their respective fantasy worlds, where nothing must be sacrificed.
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•
Improving on the One Big Beautiful Reconciliation Bill
Preserving the de minimis tariff exemption for low-cost imports would save low-income households billions.
-
•
Xi Jinping Braces For Struggle
China’s strongman leader is purging his advisors again, looking politically insecure amid demographic and economic decline.
-
•
Taking Government Out of GDP, An Update
Government spending comes at a cost to our standard of living: it’s time to stop counting weapons systems as citizens’ economic welfare.
-
•
How Interest Rates Set Asset Prices: One Weird Trick
A low funds rate artificially inflated asset values for much of the past 30 years. Zombie industries are now addicted to cheap borrowing.
-
•
Nixon to Now: How the Kitchen Debate Came Home
The recent wave of protectionism is not about efficiency or economic growth. It’s about national control — about engineering particular outcomes.
-
•
Three-Dimensional Trade Chess, Explained
The White House claims tariffs can accomplish three concrete things. Even if each were correct, they’re mutually exclusive.
-
•
How Tariffs Kill Knowledge and Leave Us in the Dark
Markets aren’t machines for distribution; they’re dynamic processes of entrepreneurial discovery. Tariffs dim the signals that reveal what no planner ever could.
-
•
‘Twin Deficits’: A Tale of Fiscal Folly, Not Trade Failure
Irresponsible government spending is caused by the fiscal recklessness of Congress and the White House, not by foreigners making attractive offers of imported goods to Americans.
-
•
Tariffs Instead of Taxes? A Back-of-Envelope Estimate
Projected revenue from tariffs ignore the realities of how people and businesses will react. Are we ready to double the cost of everything?
-
•
Even ‘Invincible’ Superheroes Face Tradeoffs
Politicians and voters can’t move forward while they cling to their respective fantasy worlds, where nothing must be sacrificed.