Let the Steel Tariffs Die

A little over a year ago, on March 5, 2002, President Bush made a serious mistake by imposing tariffs on imported steel. At the time, there were many, including myself, who said that the negative impact of this action on steel consumers would be much greater than any...

Victims of The Phillips Curve

Let’s talk about the economics of mass destruction — the single most dangerous idea in economic policy… the Phillips Curve. Even if you don’t know it by that name, you’ve been its victim. The Phillips Curve is the formal construct...

The Old Europe’s Paper Armies

When it came down to it, two of America’s closest Cold War allies — France and Germany — were unwilling to bear the responsibility of major powers when it came to Iraq. They weren’t there when we — and the world — needed them....

The Evasion of the Century

The most common reason I hear people opposing war against Iraq — indeed, any war initiated in defense of the United States — is opposition to “violence on principle.” This is what I hear from young people particularly often: “We have no...

Untrustworthy Trust Accounts

Most Americans have never heard the acronym “IOLTA,” but if you’ve ever been involved in a real estate closing or had an attorney hold your funds in escrow, than you’ve probably been affected by IOLTA. What does that mean? It means the...

Smashing Windows for Peace

The attack was well-choreographed. Moving in successive waves, they executed a perfect assault. Some moved to cut off their enemies’ supply lines, seizing control of crucial bridges and roadways, while others worked to surround and besiege key command and...

Thoughts on Tax Cuts and Supply Side Economics

The Senate’s surprise vote Tuesday to reduce the value of President Bush’s proposed tax-cuts by more than half has been played in the press as a major setback for the President’s agenda. But the way I see it, it’s actually great news: a tax-cut...

National Security Versus Pork

Should our tax dollars fund our troops fighting in Iraq, or the Smithsonian’s national worm collection?If it’s business as usual up at the Capitol, then this is the type of question Congress will grapple with in the coming weeks. And if history is our...