In 1881, a president was assassinated over the future of the civil service. James Garfield, who believed in civil service reform, was shot by a syphilitic maniac, Charles Giteau, who…
Category:
Economy
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An overwhelming majority of economists agree: protectionist tariffs harm the very nations that impose them. The notion that taxing Americans for buying foreign goods somehow strengthens our nation is no…
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As noted in my previous column, foreign holdings of US dollars are classified as foreign holdings of US assets and, thus, contribute to US trade deficits. But as I argued,…
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In 1979, Governor Ronald Reagan was getting ready for his third presidential campaign, having mounted a late challenge to Nixon in 1968 and directly challenging Ford in 1976. The reality…
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The high degree of focus on tariffs under the new Trump administration has led to a flurry of new analyses attempting to determine their economic effects. One of the most…
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The high degree of focus on tariffs under the new Trump administration has led to a flurry of new analyses attempting to determine their economic effects. One of the most…
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In 1979, Governor Ronald Reagan was getting ready for his third presidential campaign, having mounted a late challenge to Nixon in 1968 and directly challenging Ford in 1976. The reality…
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Tariffs are said to be “protective.” Domestic firms want them because they reduce the effectiveness of foreign competition. Labor unions want them because they believe they protect members’ jobs. And…
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Over the last two days of the past week, US equity markets crashed as a result of the rollout of a tariff program that was not only non-reciprocal but also…
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The Peter Principle, first published in 1968 by Laurence J. Peter, is the premise that, in a hierarchy, people rise to the level of their incompetence. That is, there’s a…