Give thanks for economic efficiency

I have never been to an event or cocktail party where raising the issue of economic efficiency engendered a particularly emotional discussion or any level of enthusiasm. I have never been to a Thanksgiving dinner table where someone gave thanks for GDP growth. Continue Reading...

Despite displays of strength, China has key weaknesses

The recent announcement that China had tested something akin to a Fractional Orbital Bombardment System, which is launched into space and then orbits the globe before discharging a missile at its target, underscored yet again that America and its allies have serious grounds to be worried about China. Continue Reading...

Constitution protects nonprofits despite political activism

A healthy state protects life, secures liberty, and defends property. A totalitarian state does the opposite: it arbitrarily kills, compels, and seizes property. J. D. Vance recently appeared on Fox News with Tucker Carlson to discuss a verbal altercation between Arizona State University students, one of whom was the recipient of a Ford Foundation fellowship. Continue Reading...

Privilege and price controls make USPS too big to fail

The United States Postal Service (USPS) has come under criticism for extending first-class delivery times as part of Postmaster General Louis DeJoy’s 10-year plan to revitalize the agency. According to Tyler Powell and David Wessel at Brookings, “The USPS has operated at a loss since 2007.” Continue Reading...

Rising to the challenges of ‘so-so automation’

Fears about job loss and human obsolescence continue to consume the cultural imagination, compounded by ongoing strides in artificial intelligence and machine learning. The job-killing robots are almost at the door, we are told, mere moments away from replacing the last traces of human inefficiency and heralding the dawn of a world without work. Continue Reading...

Free trade with China is still good for us all

Doug Irwin in his seminal book Free Trade Under Fire points out that Democrats and Republicans have historically vacillated on free trade. The Democratic Party of the late 19th century up until World War II was the party of trade liberalization when Republicans consistently voted for high tariffs. Continue Reading...