Profiles

An unfortunate consequence of learning Bastiat's "Broken Window Fallacy," writes Jude Blanchette, is the accompanying frustration of seeing this age old economic fallacy reappear ad nauseam. One of the latest, and indeed most vocal rock throwers, is the United States manufacturing sector.

The newest trade deals involving American corporations and the Chinese government look less like free trade and more like mafia thuggery, writes Jude Blanchette. Using the threat of trade sanctions, the U.S. government has bullied the Chinese into purchasing billions of dollars in goods from only a...

Back when the pegged currency was deemed to provide the only bastion of stability during the Asian crisis, and hence, a stable economy for which to sell American goods, no one cared a whit about establishing a "free market" for the Chinese yuan. While no one is ever safe so long as Congress is in...

Wilhelm Roepke is often credited as the theoretical architect of Germany's postwar "miracle." Few know that he was actually very critical of the postwar system's compromises with state intervention. And Roepke was right to be. The "social market economy" of Ludwig Erhard's Germany has completely...

Drug reimportation is not a panacea, nor is it likely to have any long-term effect upon the rising costs of prescription drugs. It is at best a temporary fix for those most in need of lower priced drugs. What will have a lasting impact, however, is the extent to which the entirety of the Washington...