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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.
READ MOREWhy 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.
READ MORENo 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.
READ MORELighthouses 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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