by Richard Schulman Spencer P. Morrison, a frequent contributor to American Greatness, is against free markets, free trade, and the idea that the division of labor has anything to do with improvements in standards of living. Contrary to Adam Smith, Morrison writes, it’s not the division of labor that makes things cheaper. Rather “technology drives […]
Beijing regime weakened by Hong Kong revolt
By trade correspondent L.C. and the editor President Trump is so wedded to his tariff threat against China that he has been practicing unilateral disarmament with respect to an objective arguably more important than a trade deal – namely, encouraging the Chinese people to rise up against the Xi Jinping dictatorship. In this respect, the […]
Modern monetary theory (MMT) and its Japan paradigm
John Greenwood and Steve H. Hanke have written (Wall Street Journal, June 5, 2019) what may be the definitive refutation of Modern Monetary Theory . MMT, the two authors explain, holds that “fiscal deficits don’t matter as long as countries borrow in their own currencies and inflation stays in check.” MMT is currently being promoted […]
US Afghan diplomacy is a disgrace
The US continues to disgrace itself by negotiating with the Taliban despite repeated Taliban humiliations of both the negotiators and the US-allied Afghan government from 2013 to the present. US negotiators have acquiesced in the Taliban’s refusal to negotiate with the Afghan government, insisting that it is a US puppet. This ignores the fact that […]
Euro Parliament advises against US-EU trade deal
Trade correspondent L.C. reports: Hope for a US-EU trade deal received another blow, this time from the European Parliament. On March 14th, a resolution for giving the EU’s executive – the European Commission – a mandate for pursuing the negotiations failed. Opposition to the mandate came largely from the Parliament’s leftist members. The resolution would […]
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