The goalposts are continually changing (more like fallacy-hopping), but one would-be goal of tariffs needs to be confronted—tariffs for domestic job protection.
Category:
Politics
Economist Robert Higgs described the “ratchet effect” in which government either creates a crisis or responds to one, leading to a permanent expansion of government power. After the crisis ends, government retreats—but not to the point where is was pre-crisis.
The U.S. gov has approved $17.9 bln for Israeli military operations in Gaza and elsewhere since Oct 7, substantially more than in any other year since the U.S. began granting military aid to Israel in 1959.
ECB cuts rates on weak growth, markets bet on more easing: The Fed is addicted to easy money, but the European central bank is even more addicted.
We are bombarded with claims that capitalism causes inequality, yet what it really mean? In truth, in a free market economy, differences in income, even large differences, don‘t mean much since most people have a high standard of living.
The last excuse that diehard defenders of President Trump’s tariff policies have advanced now lies in ruins.
Zillow, which is famously bullish on housing prices, is now projecting that U.S. home prices will fall 1.7% between March 2025 and March 2026.
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It’s going to take a lot more than some trimming around the edges to change the federal government’s current trajectory into continued $2-trillion-plus annual deficits.