Trump is just the latest manifestation of an old American instinct.
This bill is a train wreck waiting to happen.
“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
One of the gravest economic mistakes that humans can make is to forget that ours is unavoidably a world of scarcity.
Trump-style economic nationalism, like the more full-throated fascism with which it shares much, aims to bring back the mythical glory days of the nation. But if we really want to make America great (again), we should learn the lesson of history, as well as economic theory, that prosperity comes from the free movement of goods, services, and people regardless of arbitrary political lines.
What follows is an extended transcript of a conversation I had with four professors about Donald Trump’s first 100 days plan. The transcript below has been edited for clarity.