One of the signature features of President Donald Trump’s campaign was his hostility to free trade. Then-candidate Trump repeatedly denigrated various multilateral trade pacts as bad deals for the United States. Pulling out of the Trans-Pacific Partnership, appointing opponents of free trade—such as Steve Bannon and Peter Navarro—into key positions, and promises of tariffs that are likely to […]
Pinker claims — but fails to prove — that early states significantly increased human welfare by reducing the rate of war death.
“The market is not a place, a thing, a collective entity. The market is a process, actuated by the interplay of the actions of the various individuals cooperating under the division of labor.” – Ludwig von Mises
Are Trump’s cabinet full of generals, his openness to torture, and the “peace through strength” message from the White House all signs that he plans to rely on military power.
Free market defenders are often great at pointing out the unintended consequences of U.S. government intervention in the economy. But they often overlook the unintended consequences of U.S. government intervention abroad. As the War on Terror escalates in the wake of the recent ISIS terrorist attacks in San Bernardino and Paris, it’s important to remember […]