The United States is in a tough spot. As we dig ourselves out from a serious financial crisis and a deep recession, our very efforts to recover are exacerbating much more fundamental problems that our country has let fester for too long. Beyond our short-term worries, and behind many of today's political debates, lurks the deeper challenge of coming to terms with America's place in the global economic order.I wish I had the brainpower to analyze more, but this will have to wait until after finals.
Our strategic situation is shaped by three inescapable realities. First is the inherent conflict between the creative destruction involved in free-market capitalism and the innate human propensity to avoid risk and change. Second is ever-increasing international competition. And third is the growing disparity in behavioral norms and social conditions between the upper and lower income strata of American society...
The Stupidity of the Tariffs Are the Achievement of a Lifetime
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To do something as stupid as Trump’s tariff plan is the result of a
lifetime of incuriosity.
1 hour ago
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