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stockmarket
Robert Hughes

The U.S. Trade Deficit Narrowed in November

The U.S. trade deficit decreased slightly in November reflecting a smaller deficit in goods and a smaller surplus in services. Uncertainty over trade policy could restrain hiring and capital investment for some industries and threaten the broader economic outlook.

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mmtsea
Peter C. Earle

Why MMT (Ultimately) Doesn’t Matter

MMT is an academically-garbed attempt to overcome the unwelcome fact that governments are as bound by economic limits as firms and individuals are. Yet liberty always triumphs.

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socialcomplexity
Kai Weiss

No Complex Society Can Be Socialist

“Tonight,” Trump said, “we renew our resolve that America will never be a socialist country.” Indeed no complex society can be.

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privatelighthouse
Vincent Geloso

Lighthouses Were Always Private, Until Government Took Them Over

There was nothing inherent to the lighthouse that made it a public good. It was a public good because government regulation made it so.

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