December 13, 2010 | 4 comments
December 2, 2010 | 4 comments
November 22, 2010 | 10 comments
November 17, 2010 | 35 comments
November 17, 2010 | 5 comments
Pundits and politicians love to talk about trade wars. But it’s a bad analogy. A successful military war at least results in victory for one side. A successful trade war hurts the aggressor at least as much as the aggressed.
Don Boudreaux uses a reductio ad absurdum to make that crystal clear:
Leader of Absurditoptia (A): I say, leader of Stupidia - we demand that you stop occupying that contested strip of land. If you refuse, we’ll have no choice but to shoot our own citizens.
Leader of Stupidia (S): You don’t scare us! That land is ours. And if you do kill some of your own people, make no mistake that we will immediately - and just as cruelly - commence to killing our own people. Courage is our national motto!
To paraphrase Steven Landsburg, trade is what happens when someone has something you want, and you refuse to simply hit him over the head and take it. Instead, you give him something you don’t want that he values even more in exchange. Trade is the ultimate act of peace. It should be encouraged, not restricted.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?