Dear Libertarians: Trade Deficits Matter

Steve Hanke recently set out to prove “why President Trump’s trade message and protectionist policies are rubbish” in a Forbes article. Instead, the Johns Hopkins University economist exposed himself as a word-mincing, logic-twisting sophist—just like every other intellectual mercenary associated with the faux-libertarian propaganda mill that is the Cato Institute. Hanke’s argument: trade deficits don’t […]

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Economic Headwinds Came Long Before Trump’s Presidency

After the unexpected election of President Donald Trump, something else unexpected happened. The stock market soared. In the final week before the 2016 election, the Dow Jones Industrial Average closed at 17,888, an unimpressive level, since it had reached that same point nearly two years earlier in December 2014. But following Trump’s victory, the Dow […]

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Carlson’s Invisible Political Hand Riles Conservative Critics

In spite of policy differences on social issues—from gay rights to gun control to abortion—the steadying core of modern-day conservatism always has been the defense of the individual over the state. During the Reagan era, the movement witnessed in real time how the disassembling of statist economic policies could resuscitate a fossilized free-market system to […]

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Actually, 2018 Was a Pretty Good Year

The year 2018 will be deplored by pundits as a bad year of more unpredictable Donald Trump, headlined by wild stock market gyrations, the melodramas of the Robert Mueller investigation, and the musical-chair tenures of officials in the Trump Administration. The government is still shut down. Talk of impeachment by the newly Democrat-controlled House of […]

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Here’s Why the Huawei Arrest Helps Negotiations with China

Wall Street is worried that the arrest of Huawei Vice Chairman Meng Wanzhou will put President Trump’s ongoing trade negotiations with China on ice. They fear that China may retreat from its G-20 promises, or perhaps even call off the negotiations altogether. Some have suggested that U.S. tech executives avoid traveling to China, fearing revenge […]

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May Lives On

If there is one saving grace to pluck from the laughable wreckage that is British politics, it’s that Theresa May, still prime minister, has promised to stand down. After surviving an attempt on her premiership this week, May clings on—her Brexit deal clutched firmly to her chest in spite of the fact that the risk […]

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Free the Kidnapped Canadians in Communist China

Last week, we discussed the national security threat to the United States and her siblings in the family of free nations that is posed by Communist China’s Huawei technology company—specifically, in the words of Eli Lake, “that China’s largest telecom company will allow the Chinese state to monitor the electronic communications of anyone using Huawei […]

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America: China’s Mercantile Resource Colony

China’s economy is now the largest on earth. Its industrial output is triple that of the United States. Its population, quadruple. To make matters worse, Chinese computing power is on par with ours and their scientific output is gaining fast. This is no accident. Like Britain, China transitioned from an agrarian to an industrial economy […]

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Reimagining Republicanism

For at least 25 years, the Republican Party has been promoting policies damaging both to its own political standing and to the middle class. In the face of the growing radicalism of the Democrats, and the need—more crucial now than ever—for the GOP to assemble a majority coalition of voters, it must reexamine those policies. […]

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Rethinking Free Trade on the Campaign Trail

Eight hours before the first polls closed on November 8, 2016, the late Charles Krauthammer appeared on Fox News and made a prediction. Should Trump win, he said, it would “irreversibly” change the Republican Party. “Particularly the most obvious issues will be immigration and trade,” Krauthammer explained. Nearly two years into the Trump presidency, a […]

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