Jeffrey Tucker eloquently laments the frightening and destructive rise of economic nationalism. A slice:
The US President believes that every nation with whom the US has a “trade deficit” owes “us” money and therefore the American people should be subjected to new taxes for buying from them. It’s no more complex than that, truly. And through this one silly confusion over the meaning and significance of a piece of reported data, however faulty, America, which in many ways led the world following World War II toward ever more open markets and freer trade, is closing its borders and smashing what it took decades to create, thus inspiring similar moves from around the world.
Mark Perry has some data on the importance of foreign trade to each of the U.S. states.
It is their [“an elitist class of progressives”] divisive message that marks the black race as forever broken, as a people whose healing comes only through the guilt, pity, profits and benevolence of the white race. This perception is playing out on our nation’s college campuses, where young white Americans claim privilege due to their skin color and young black Americans, with no apparent shame, accept this demeaning of their own color as truth.
Gary Galles busts some myths about Social Security.
