The U.S. trade deficit in goods and services increased to $54.9 billion in August, up from $54.0 billion in July. That’s because imports grew more than exports overall. While President Donald Trump will see this higher trade deficit as a…
Having reshaped the Arab-Israeli conflict by moving our embassy to Jerusalem, slashing aid to the Palestinians, and annexing the Golan Heights, Team Trump floats an economic plan for the Palestinians that is anchored firmly in the obsolete Oslo “land for…
The White House has announced that President Trump is awarding Dr. Arthur B. Laffer the Presidential Medal of Freedom on June 19th. That, along with the Congressional Gold Medal, is America’s highest civilian award. It is well deserved. Robert Mundell…
The following article is based on my recent lecture at the Mises Institute in Auburn, Alabama, entitled: “Henry Hazlitt’s Long-Term Economic Thinking: Foundation of Entrepreneurial Excellence.” Here I will explore morality as Hazlitt’s foundational theme in economics. Henry Hazlitt is…
It’s raining here in LA. Not cool. I liked it much better when it never rained. LA is not too much fun in the rain. The sky is gray and it’s cool. I’ll go swimming anyway. Okay, get ready to…
Presidents and prime ministers often resort to the appointment of “czars” to handle a crisis or coordinate complex policies when a show of urgent political engagement seems in order. But these modern day czars, unlike their autocratic namesakes, are often…
The most important issue facing America today is the national debt and increasing federal deficits. Our national debt now exceeds yearly gross domestic product (GDP). The U.S is the wealthiest country in the world, but our government has the largest…
St. Louis, Missouri Are you a government-failure denier — someone who believes that the government that governs best is one that overflows with good intentions, regardless of the cost or outcome? Are you someone who thinks a lot about “market…
Mainstream big technology companies’ market value has exploded in 2018. At first glance, the rise seems understandable. The technologies developed are ubiquitous. When taking a closer look at the numbers, with particular reflection on the 2008 financial crisis, some serious…