Tweet [1]
Mark Perry shares a recent profile of Glenn Loury [3].
Is Charles Murray responsible for a rise in “poverty”? [4]
Steve Hanke explains that Trump is clueless about trade [6]. (I pick one small nit with Steve’s excellent essay: when a country runs a trade deficit, the accompanying excess of domestic investment over domestic savings really is not a “defect,” although that is the term that is conventionally used. The term “deficit” suggests a shortfall. But the “deficit” in “trade deficit” is not a shortfall. Because the amount of capital in the world, or in any country, isn’t fixed, the excess of domestic investment over domestic savings can be – and in the U.S. is to a large extent – simply the net amount of additional investment that foreigners choose in make in the domestic economy.)
Here’s an interesting podcast featuring Arnold Kling [8].
Matt Ridley counsels realism about carbon emissions [9].