Four Ways You’re Living Better Than Ever
President Donald Trump and his fellow economic nationalists never tire of insisting that ordinary…
How Not to Run a Household — or a Country
Donald and Melania Trump are eating breakfast together at Mar-a-Lago on the morning of January 21,…
Tariffs Rest on Distrust of Citizens
Creating a long list of the familiar flaws in protectionists’ thinking is easy. Protectionists don’t…
Tariffs Are Missing the Real Enemy: Yesterday’s…
Are President Trump’s tariffs proving that two and a half centuries of economic analysis exaggerated…
HL Mencken Knew Politicians: ‘Merchants of Delusion’
Rare is the day that passes during which I don’t, at least once (and usually more than once), say to…
Trump’s Trade War Undermines the Dollar’s Global…
Donald Trump is famously hostile to US trade deficits. He believes not only that these deficits harm…
Why Consumption—Not Production—Is the True Goal of…
Just as an all-powerful monarch dictates what his subjects may and may not do — and just as no…
Mayday! Mayday! We Have Abuse of Emergency Powers
Despite being a proud member of the University of Virginia School of Law Class of 1992, I’m an…
Protectionist Angst Is ‘Made in America’ —…
Over the years, I — like all defenders of free trade — have had countless conversations with…
Regime Uncertainty and Market Uncertainty
The Great Depression formally began in August 1929, two months before Black Tuesday. Initially, the…
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