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Phil Magness helps us to see that in his ignorant economic nationalism Donald Trump is a vulgar Alexander Hamilton.  Here’s Phil’s conclusion:

Since then [the time of Hamilton], economists have also debunked the reasoning behind Hamilton’s neo-mercantilist economic system, but its popular appeal has persistently lingered over American politics. Hamiltonian ideas directly sustained a trade-penalizing protectionist regime into the early 20th century.

Unfortunately the rise of Donald Trump has reinvigorated one of America’s oldest and most dubious political traditions, and this time it’s coming with all the reckless ambition of its founder, but none of his intellectual sophistication or erudition.

Georgetown University philosopher Jason Brennan explains how he’s a populist.

My Mercatus Center colleague Bob Graboyes exposes the dangerous scientistic myth – peddled today by, among others, Neil deGrasse Tyson – that government policy can and should be based exclusively “the evidence.”  (This myth’s incarnation today is simply a reincarnation of the illiberal authoritarianism of the “Progressives” of a century ago.)  Neither society in general, nor the economy in particular, is a machine that can be engineered or even improved by engineering.

John Stossel writes of the Clintons’ corrupt ways.

Kevin Williamson wonders what Hillary Clinton really wants.

Tim  Worstall reports on the regrettable effects on many low-skilled workers of Seattle’s minimum wage.

For yet more evidence of the harm that minimum wages inflict on many low-income people, read this new study by the excellent James Sherk.


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