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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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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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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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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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