Last month, President Donald Trump proudly announced, "Liberation Day! ... The day American industry was reborn!" Reborn because of his tariffs, which he called, "the most beautiful word in the dictionary." This is just wrong. The first time he was president, Trump raised tariffs on steel. That helped American steelmakers. They hired 1,000 more workers. Yippee. But more American companies make things out of steel. They were hurt. The result: America lost about 75,000 jobs."Gain a thousand jobs, lose 75,000. Doesn't sound like "liberation" to me." Gain a thousand jobs, lose 75,000. ...
As the late senator from Washington state, Warren Magnuson, who served for more than 30 years in Congress, once said, "All that each industry seeks is a fair advantage over its rivals." Wilt ...
Situated on the outskirts of Sacramento is California's largest master-planned community, McClellan Park. It has homes, offices, restaurants, a hotel and even a 2-mile-long runway that serves jets. ...
President Donald Trump's record as the deregulation president is nearly unparalleled. In his first 100 days in office, he has already identified hundreds of billions of dollars of ...
What is it about politicians in Washington that they just can't stand progress or the thought of anyone getting rich? That's the attitude of many Democrats in Congress as they ...
Shortly before Milton Friedman's death in 2006, I had the privilege of interviewing him over dinner in San Francisco. The last question I asked him was: What are the three things ...
You may have heard that last week 24 Nobel economists wrote that Vice President Kamala Harris' economic plan would be better for America than the Trump agenda. The joint letter ...
Everything that is happening in our fractured nation today seems so worrisomely reminiscent of America's last lost decade -- the 1970s. For those who don't remember, the late ...
Repeat after me, class: Growth does NOT cause inflation. Write it on the blackboard 100 times. For decades, the economics profession has been trying to tell us all just the ...
Fitch Ratings just downgraded the U.S. government's credit rating due in part to Congress's erosion in governance. Indeed, year after year, we see the same political theater ...
Banking is just about the most regulated industry in America. Yet, as we saw with the collapse of Silicon Valley Bank and others in recent months, lenders are not invulnerable to ...
Politics is sometimes little more than marketing. As evidence, behold the sudden use of the term "Bidenomics" by Democrats to describe administration policies of the past few ...
White House press secretary Karine Jean-Pierre recently reiterated a point the Biden White House has been making for the past year: that inflation remains high not because of the ...
As elections approach, sweeping generalizations have a certain allure that often energizes the frustrated and captivates the hopeful. However, it's essential that we as voters ...
Word out of the White House is that President Joe Biden wants to tout his economic successes. He's even embracing the slogan "Bidenomics" -- which most people think is a term of ...
A policy question these days that has befuddled federal lawmakers is why so many millions of people have not returned to the workplace in the post-COVID-19 era. The labor force ...
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