Mark Perry points us to data that show that, on the basis of square-footage per person, housing in America today is less costly than it was in the mid-1970s. And housing’s quality today is also much higher.
Trump embodies an ideology that is anathema to classical liberalism, and if he is successful at propelling it into power, we cannot and should not see it as anything less than a failure to persuade the public on the value of liberty, tolerance, and limited government. Nobody who is worried about extreme nationalism and strong man politics should be taken in by the idea that their rapid advance somehow secretly proves their weakness and liberalism’s strength.
Caroline Baum wisely explains that any excess capacity in the Chinese economy is not a problem for the American economy that demands Uncle Sam’s intrusions into Americans’ voluntary exchanges with the Chinese.
Jeffrey Tucker makes the case for libertarianism. (HT Walter Grinder)