Trump’s Trade Policy—A Reductio ad Absurdum

Let’s consider the president’s trade policy in, as it were, its very best light. Suppose, then, that the government succeeded in eliminating the trade deficit entirely. Residents of the USA would continue to sell huge quantities of goods to foreigners but buy nothing at all from foreign sellers. The trade deficit would be not only diminished but wiped out and replaced by a huge trade surplus. Trumpian triumph!

Why is Immigration a “Contentious Issue in Classical Liberalism”?

“Contentious Issues in Classical Liberalism” was the theme of this year’s Mont Pelerin Society.  This gave me a chance to explore a major puzzle: Sociologically, immigration clearly deserves to be on the agenda.  After all, many people otherwise sympathetic to human freedom and free markets support even more immigration restrictions than we already have.  Intellectually, however, it’s hard to see why.

“Spying”: Comey Doth Protest Too Much

What a strange allergic reaction from Comey, and others associated with US intelligence and counterintelligence operations, to US Attorney General William Barr’s simple statement before the US Senate: “Spying on a campaign is a big deal … I think spying did occur. The question is whether it was adequately predicated.” Comey insists that the spying was indeed “adequately predicated,” and that for some reason this makes it not spying.

Will Grigg: Against the Police State (29m)

This episode features an interview of journalist Will Grigg from 2014 by Jeff Deist, host of the Human Action podcast. They discuss how the once embryonic American police state became overt, how military equipment, personnel, and mindsets increasingly find their way into local law enforcement agencies, and why there are more than 100 SWAT deployments every day in America.

A US War on Iran would be Evil, Stupid, and Self-Damaging

“If Iran wants to fight,” US president Donald Trump tweeted on May 19, “that will be the official end of Iran. Never threaten the United States again.” The “threat” Trump appears to be responding to is a statement from Iranian foreign minister Mohammad Javad Zarif that “[w]e are certain … there will not be a war since neither we want a war nor does anyone have the illusion that they can confront Iran in the region.”