The Trans Pacific Partnership is just the latest assault on free trade, although, like previous assaults before it, such as the North American Free Trade Agreement, it is labeled as having something to do with free trade.
A real free trade agreement should be short and unilateral. It would then truly allow the market to bring about a pattern of international trade in line with the scarcity of resources and with entrepreneurial judgment about their most efficient international allocation. The TPP, on the other...
The media today is reporting that markets are volatile today because new employment data from the BLS has come in below levels forecasted. Basically, when we play the expectations game, the employment numbers disappointed.
Should colleges offer specially-tailored easy majors for athletes? We shouldn't even have to ask the question since the concept of the "sham major" only exists thanks to the distortions in the higher education market caused by taxpayer-funded institutions.