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My intrepid Mercatus Center colleague Veronique de Rugy, with help from Cato’s Chris Edwards, has more on the current tax-reform effort.

Another Mercatus Center colleague, Bobbi Herzberg, explains that government policies that dampen or distort price signals inevitably cause problems.

Matt Ridley writes that the world will miss Calestous Juma.  (HT Walter Grinder)

Richard Epstein gives Trump mixed marks for the first year of his presidential tenure.  A slice:

The stunning contrast between the Obama and Trump administrations is also revealed in key mid-level actions that have enormous social consequences. At the Federal Communications Commission, Chairman Ajit Pai is rolling back the Obama-era net neutrality rules that have choked off investment. And the Trump administration did an enormous public service when it made no effort to revive the Obama administration’s overtime regulations under the Fair Labor Standards Act after that initiative was struck down in Texas District Court in December 2016. These regulations would have extended overtime protections to all workers earning under $47,892 per year, a policy that would have distorted operations in the gig economy, tech start-ups, and university research laboratories.

John Tamny reviews George Melloan’s Free People, Free Markets: How the Wall Street Journal Opinion Pages Shaped America.

David Henderson reveals Dianne Feinstein’s misunderstanding of the economics of the mortgage-interest deduction.

Jeffrey Tucker is correct: of course members of the alt-right oppose free markets.

Deirdre McCloskey corrects some misunderstandings of her Bourgeois project.