Economy

In 1979, Governor Ronald Reagan was getting ready for his third presidential campaign, having mounted a late challenge to Nixon in 1968 and directly challenging Ford in 1976. The reality then was that American manufacturing…

Tariffs are said to be “protective.” Domestic firms want them because they reduce the effectiveness of foreign competition. Labor unions want them because they believe they protect members’ jobs. And politicians want them because, well,…

Over the last two days of the past week, US equity markets crashed as a result of the rollout of a tariff program that was not only non-reciprocal but also applied using a formula resulting…

The Peter Principle, first published in 1968 by Laurence J. Peter, is the premise that, in a hierarchy, people rise to the level of their incompetence. That is, there’s a tendency to promote people people…

The Peter Principle, first published in 1968 by Laurence J. Peter, is the premise that, in a hierarchy, people rise to the level of their incompetence. That is, there’s a tendency to promote people people…

Tariffs are said to be “protective.” Domestic firms want them because they reduce the effectiveness of foreign competition. Labor unions want them because they believe they protect members’ jobs. And politicians want them because, well,…

Over the last two days of the past week, US equity markets crashed as a result of the rollout of a tariff program that was not only non-reciprocal but also applied using a formula resulting…