Tweet [1]
Kevin Williamson reflects on the meeting of the like-minds at Davos [2]. (HT Lyle Albaugh) A slice:
Progressives say that they want inclusive social decision-making, but the most radically inclusive process we have for social decision-making is the thing that they generally distrust and often hate: capitalism — or, as our left-leaning friends so often put it, “unfettered” capitalism. And who should decide what sort of fetters are applied to whom? The view from Davos is, unsurprisingly: the people at Davos.
Tomorrow, the Heritage Foundation will release the 2015 edition of its Index of Economic Freedom [3].
My Mercatus Center colleague Veronique de Rugy, writing over at The Daily Beast, wants to make free trade sexy [4]. A slice:
In fact, countries that receive the artificially cheap imports benefit far more than the protectionist country: recipient countries get more output for less input, and more imports for fewer exports. Let me make that clear: U.S. consumers of subsidized imports benefit by getting cheap goods at the cost of foreign taxpayers. That’s the closest thing to a “free lunch” in economics as you’ll ever find.
Mark Perry explains that competition breeds competence [5].
Lew Uhler and Peter Ferrara offer some germane facts about the tax burden in the U.S. [6]