Bruce Yandle is a distinguished adjunct fellow with the Mercatus Center at George Mason University and dean emeritus of the Clemson University College of Business and Behavioral Science.
The Trump administration has imposed a rule that two existing regulations must be removed for every new regulation imposed on the economy. Unfortunately, the two-for-one rule does not apply to the trade policies consuming much of the administration’s attention.
Without realizing it, and as brilliant as they may be, the candidates—like all of us—are still profoundly ignorant.
Unlike marvelously created made-for-television episodes where someone usually emerges victorious, in trade wars, everyone loses.
The amount of public debt to be serviced is huge and growing, and we’re in uncharted territory now.
Who knows? Maybe, just maybe, regulated capitalism will be replaced with free-market capitalism.
We must find ways to unrig the system where it has been rigged by special interest interaction with politics, to decentralize decisions so that accountability is more vivid and accessible, and to avoid empowering politicians and their appointees to pick winners and monopolize markets.