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Economics

US Air Strikes on Iran: a Fool’s Errand Risks Forever War

On Capitol Hill, where memories are short, concern about open-ended military conflicts — or as one might call them, war…

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Economics

Can Microgrants Fix Our Foreign Aid Failures?

For decades, international development has been synonymous with massive aid programs, billion-dollar projects, and slow-moving bureaucracies. Governments and global institutions…

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Economics

The Other Cost of Protectionism

Fears about tariffs causing a recession are high right now. Betting markets pretty clearly favor the claim of a forthcoming…

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Economics

America’s Trade ‘Deficit’ Is a Ringing Endorsement

As noted in my previous column, foreign holdings of US dollars are classified as foreign holdings of US assets and,…

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Economics

Don’t (Just) Hate the Tariffs, Hate the Institutions

An overwhelming majority of economists agree: protectionist tariffs harm the very nations that impose them. The notion that taxing Americans…

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Economics

A Civil Service for the Twenty-First Century 

In 1881, a president was assassinated over the future of the civil service. James Garfield, who believed in civil service…

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Economics

Unpacking the Assumptions Behind the Mar-a-Lago Accord

The high degree of focus on tariffs under the new Trump administration has led to a flurry of new analyses…

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Economics

Reagan Knew the Art of the Trade Deal Better

In 1979, Governor Ronald Reagan was getting ready for his third presidential campaign, having mounted a late challenge to Nixon…

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Economics

The Peter Principle Presidency

The Peter Principle, first published in 1968 by Laurence J. Peter, is the premise that, in a hierarchy, people rise…

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Economics

The Tariff Crash of 2025: The Price of Economic Amnesia

Over the last two days of the past week, US equity markets crashed as a result of the rollout of…

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