America is undergoing a profound transformation. Gone are the days of reckless deficit spending and bloated government. In their place: fiscal consolidation, industrial renewal, and a return to assertive trade policy. A review of the economic agenda from President Trump’s…
While Donald Trump proclaims a new Declaration of Independence for the United States, Europe is sleepwalking through this historic shift. The state of European politics can best be captured by looking at the formation of Germany’s new government: sluggish, backward-looking,…
For decades, American politicians have promised to revive manufacturing, especially factory jobs. This is viewed as a way to rebuild the middle class and restore national pride. Donald Trump has made it a central promise of his campaigns, repeatedly vowing…
President Donald Trump’s goal of reciprocal trade is a false promise, based neither on economic laws nor market reality. His arbitrary tariffs are causing an immediate meltdown of the world’s financial markets and a loss of confidence in the American…
Anyone foolish enough to take seriously the rhetoric of the Democrats concerning the reciprocal tariffs announced by President Trump on “Liberation Day” will experience two sensations — dread and confusion. This unpleasant combination was inevitable due to the strident denunciation…
If you believe the political rhetoric, you probably think America’s industrial base has been hollowed out, gutted, or “shipped overseas.” Across the ideological spectrum, people say U.S. manufacturing is in decline. They argue mostly about who’s to blame and how…
The stock market has not seemed thrilled with President Trump’s seemingly erratic approach to tariffs. Both the S&P and the NASDAQ are down about 5.5% since some tariffs on Mexico and Canada went into effect earlier this month. The President…
