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The FedFinancial MarketsMonetary Policy
By being so dovish for so long, the Fed has greatly limited what it can do in case of recession without resorting to untried and radical solutions like negative rates.
Philosophy and Methodology
Susan Neiman contends Southerners need to acknowledge guilt for slavery, segregation, and lynching, and "work off" the past. But collective responsibility is a chimera, and a dangerous one at that.
Free MarketsPhilosophy and Methodology
Free market economics is often ignorantly dismissed for being "ideological" rather than scientific. It probably sounds smart to the economically illiterate, but it is decidedly not.
Protectionism and Free TradeEntrepreneurship
Innovations aren't very useful unless they serve consumers in the marketplace. Otherwise, we're pursuing innovation for its own sake, and that isn't progress.
War and Foreign Policy
There's no evidence Trump is more trigger-happy than any other president, but the presidency's unchecked nuclear-launch power will remain a problem both now and with future presidents.
Financial MarketsMedia and CultureCalculation and Knowledge
It's possible for investors and entrepreneurs to make a lot of money in markets without understanding the economic theory behind their actions.
Protectionism and Free Trade
Some Latin American policymakers seem to think China will offer easy terms for loans and trade agreements. They're wrong. China isn't as rich as many think.
Cronyism and CorporatismFree MarketsHealth
Clearly marked prices on private-sector cash-payment surgeries are a great thing. In fact, the competition of for-profit surgery centers drives down prices at more "traditional" (i.e., highly bureaucratized) hospitals.