Front Page

Why We Should Love China, Not Fear It 0
- Economics of Liberty, Front Page, Political Opinion, WORLD
- May 24, 2019
FEE readers understand well the destructive economic effects of Trump’s tariffs. More than economic prosperity is at stake; the survival of humanity may depend on continuing to grow trade between the US and China. Thucydides’s Trap Harvard professor of government Graham Allison has made a career of examining how government decisionmakers and bureaucracies respond to
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Design Regulations Helped Ruin American Cars 0
- Front Page, Political Opinion
- May 24, 2019
Your car looks like a box. So does every other car. It’s boring, even shocking when you consider how awesome cars used to look. What’s gone wrong? And to what extent has the design mess contributed to the decline of American auto manufacturing? A recent letter to the Wall Street Journal comes close but misses the point.
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Does the State Care More About Tax Evasion than Murder?0
- Front Page, Gov't Incompetence, Political Opinion
- May 24, 2019
By Lee Friday Rape and murder are violent acts. Ordinary citizens consider these to be far more serious offenses than acts of theft. Accordingly, as we allocate limited resources to solving all offenses, our expectation is that rape and murder will be given top priority. However, the actions of politicians and bureaucrats appear to reflect
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Why Principles Matter 0
- Front Page, Philosophy
- May 23, 2019
Paraphrasing the English journalist and philosopher G. K. Chesterton, New Testament scholar N.T. Wright wrote: The purpose of an open mind… is like the purpose of an open mouth: that it might be shut again on something solid. Yes, we must be free to ask questions. But when we hear a good answer we must
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How the Fed Wrecks the Economy 0
- Economics of Liberty, Front Page
- May 23, 2019
When people talk about the economy, they generally focus on government policies such as taxation and regulation. For instance, Republicans credit Pres. Trump’s tax cuts for the seemingly booming economy and surging stock markets. Meanwhile, Democrats blame “deregulation” for the 2008 financial crisis. While government policies do have an impact on the direction of the
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The Supermarket Chain That Is Upending America’s Grocery Industry by Maximizing Efficiency 0
- Business, Front Page
- May 23, 2019
You gotta love Aldi. I do. Any supermarket that can out-compete Walmart on price by 18 percent (see chart above) has to be doing something right. Very right. Talk about consumer value, consumer sovereignty and consumer surplus! Listen to what Walmart CEO of US Operations Greg Foran says about Aldi: I never underestimate them. I’ve
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