Thanks to Sanctions, the US Is Losing Its Grip on the Middle East
While the US ratchets up efforts to isolate its many enemies, the Chinese, the Saudis, the Arab League, and OPEC all shrug and look to increasing international communication and trade. Original Article: "Thanks to Sanctions, the US Is Losing Its Grip on
Biden Administration Doubles Down on Costly “Buying American” Mandates
James Bacchus While praising the “new” trade policy of the Biden administration during a recent interview with PBS, U.S. Trade Representative Katherine Tai described this policy as “pro‐competition.” It seems to me, instead, that the Biden policy in international trade is, instead,
Environmentalism and the Immoral Low Ground
Last month, the Biden administration’s Environmental Protection Agency proposed new power plant regulations that would put harsh limits on the amount of carbon dioxide released while producing electricity. This comes from the same administration pushing to electrify all parts of
Living by a Premise
More than forty years ago, Leonard Read urged graduates of Hillsdale College to find a premise, a belief in a universal idea of liberty. Original Article: "Living by a Premise"
US Trade Deficits Are Growing Larger. Or Are They?
Another year has brought another record United States trade deficit, along with the usual dismissal of it as anything but a symbol of American excellence and a booming economy. It is true that, in our modern monetary system, a balance
The Republicans’ Fiscal Irresponsibility Act
The political and financial class breathed a sigh of relief when Congress passed the Fiscal Responsibility Act of 2023. The bill suspends the debt ceiling for two years, thus avoiding the establishment’s nightmare of a government default on its debt.
White House Extends Ukraine’s Steel Tariff Exemption; Sad Reminder of Steel Protectionism
Clark Packard On the heels of Russia’s aggressive war against Ukraine in early 2022, the Biden administration temporarily exempted Ukrainian steel from the Trump administration’s bogus “national security” tariffs imposed under Section 232 of the Trade Expansion Act of 1962 (at
Yet Another Month of Questionable Federal Jobs Data as 310,000 Fewer People Report Having Jobs
The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 339,000 jobs in May, well above forecasts. The unemployment rate rose slightly from 3.4 percent to 3.7 percent (month over
End the FBI
The Durham report reminds us it is well past time for a more realistic assessment of the FBI for what it is: a costly, unnecessary, unconstitutional, and incompetent agency. Original Article: "End the FBI"
Democracy and Laissez Faire: the New York State Constitution of 1846
Volume 1, Number 4 (1977) New York's current financial woes have a precedent, and perhaps a solution, in the pages of the distant past. Well back in its history, in the late 1830s, New York State was spending and lending money