In the media and among pundits use of the term trickledown economics is common. Reportedly first used in the 1930s by Will Rogers, the expression was prominently adopted as a pejorative description of what is more appropriately called supply side economics, by those who opposed Ronald Reagan’s 1981 tax cuts.

Although most economists today favor stricter antitrust regulation, from the 1880s until the 1920s the economics profession expressed nearly unanimous opposition to antitrust.

A rigorous application of methodological individualism is perhaps what most separates the Austrian and Public Choice schools from most others. The idea that the individual should be the unit of analysis has spared public choice and Austrian economists from many of the mistakes of what might be called collectivist economics. The Austrians, for example, have exposed a great deal of macroeconomic nonsense due to the fact that Keynesian theory largely ignored aggregation problems.

In the early 1960s, Ronald Hamowy criticized the American conservative movement for degenerating into a movement defending “the rack, the thumbscrew, the whip, and the firing squad.” The movement had become, Hamowy concluded, a party of knee-jerk allegiance to the American state in the name of fighting foreign threats, both real and imagined. 

Whether or not the American right is on the road to rehabilitation on this matter remains an open question. 

According to bureaucrats at the Paris-based Organization for Economic Cooperation and Development, so-called tax havens are terrible and should be shut down.

Americans like to think of their country as different from those run by military regimes. They are only fooling themselves. Ever since the federal government was converted into a national-security state after World War II (without a constitutional amendment authorizing the conversion), it has been the Pentagon, the CIA, and the NSA that have run the government, just like in countries governed by military dictatorships.

Aston Martin, “the noble company that’s been at death’s door more times in its long history than most”, in the words of one elegant British sporting journal, is going through one of the very best periods of its storied 105-year history, with a public offering being organized to crown a profitable run that has saved the day—yet again. In 2016, the carmaker, now based at sleek new Warwickshire digs a far cry from the leaky-roof “cottage” where it was camped out most of its life, hit record profits when just a year prior the company had reported close to $100 million in losses.

The actual negotiations could easily run right up to the deadline in March 2019, when Britain is due to leave. If no agreement is forthcoming by that date, both sides might agree to extend negotiations, but that only seems likely if there is a good prospect of an agreement. Otherwise, Britain leaves and falls back on WTO trading rules, or does away with tariffs altogether. This is seen by the EU negotiators as a threat to Britain, believing it is Britain which is running out of time.

Since Trump’s reduction of the corporate tax to 21%, workers across the country have been rejoicing. Companies like Wal-Mart, Apple, Bank of America, and many more have announced firm wide bonuses and minimum wage raises. To most, the tax cuts appear to be a clear success. However, some commentators, such as Dr. Veronique de Rugy at Reason, are saying not so fast.