Worth your time: John Hasnas presentation at LSE discussing common law as a potentially better regulator than statutory mandates from the state. Common law: a better foundation for Liberalism https://t.co/GVD7EuROXI
"While the world fixates on Donald Trump’s populist cocktail of reciprocal tariffs and big, beautiful deficits, Milei is delivering a man-made miracle that should gladden the heart of every classical economist and quicken the pulse of all political libertarians." Niall Ferguson: Milei’s Man-made Miracle https://t.co/yE5t2qO91z
“If you don’t see a connection between the trust in the old shibboleths that Covid destroyed and Trump’s rise and his policies, including tariffs, you aren’t looking at things properly.” https://t.co/rBYHaDve9e
(3/3) Moreover, the Biden White House’s “post-neoliberal” policies were largely a failure. I recommend reading Jason Furman’s excellent article on Bidenomics, which explains: The post-pandemic “recovery has been uneven, frustrated by inflation at least partly induced by the administration’s own policies. Inflation, unemployment, interest rates, and government debt were all higher in 2024 than they were in 2019. From 2019 to 2023, inflation-adjusted household income fell, and the poverty rate rose.”
(link: https://t.co/H6cj0XfDei)
(1/3) I’m working on an essay for Chicago Fog exploring how both the Republican and Democratic parties have effectively declared war on classical economics. By disregarding the foundational principles that built liberal democratic capitalism, they undermine an economic order that has enriched much of the world. From damaging global trade to disrupting international alliances—and ultimately eroding institutions and the rule of law—these actions reflect a government that has either forgotten or never learned the essential lesson of Chesterton’s Fence.
(2/3) The Trump White House’s tariff program is the most egregious recent example. I recommend reading Colin Grabow’s recent article on this policy disaster, where he writes:“Trump’s ‘Liberation Day’ tariffs are an incredible self-inflicted wound. It’s just unclear whether the greatest harm will be to the country’s economy, its reputation and standing, or the rule of law.”
(link: https://t.co/zMreMQ2ZPp)
A Better Way to Defend America https://t.co/yukWRNJ0cE via @ForeignAffairs "Discussions of U.S. defense posture should begin by asking not who is virtuous but what does the world look like now and what will it look like in the future. Given the dramatic shifts in the global economy in recent decades, as well as the transformation of nonnuclear weapons capabilities and the rise of space-based sensors, it is clear that the defense posture that the United States established 75 years ago is no longer appropriate or adequate."