When politicians espouse the supposed virtues of protectionism and tariffs, they often cite four economic arguments: protect a nation’s industry, end the trade deficit, make the country self-sufficient and do it because other governments are doing it. For years, these have been the common defenses for the regressive policy of tariffs.
On the campaign trail and soon after his surprising victory, the president outlined a series of pledges and promises that he said he would fulfill in his first one-hundred days in the Oval Office. How has he fared?
The free market is combating the growing trend of American colleges and universities declaring war against incendiary behavior by college professors.
Editor’s Note: This is part of Liberty Nation’s coverage of the 100-day mark of the Donald J. Trump administration.
The minimum wage – or as legendary free-market economist Murray Rothbard called it “compulsory unemployment” – will result in more restaurants shutting their doors, says a new study by Harvard University economists entitled “Survival of the Fittest: The Impact of the Minimum Wage on Firm Exit.” With labor costs surging, driven by higher minimum wages, a greater number of restaurants will face ruination.
A new debt bubble has formed in the U.S. economy concerning auto loans. As this frightening balloon takes in more air, President Donald Trump may soon find himself in a financial the likes of which his democratic predecessor confronted when he took office in 2009. This news is a bit more than worrisome.
Malcolm Nance, a counterterrorism analyst for MSNBC, deleted a tweet on Wednesday that nominated Trump Towers in Istanbul as the next terrorist target for the Islamic State — and he’s only one of many members of the media who have called for violence against the President.
It appears the Calexit movement has come across a significant hurdle. The leader of Yes California, a separatist organization that was founded in 2015, announced on Monday that he is withdrawing his petition for a Calexit referendum and is making Russia his new home.
A senior economist at the International Monetary Fund (IMF) has published a working paper entitled “The Macroeconomics of De-Cashing.” In his twenty-six-page paper, Alexei Kireyev outlines what governments need to do to establish a cashless society and why it helps states to adopt such a world. This is essentially the blueprint for the war on cash, a battle that has certainly escalated in the last two years.