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Bryan Caplan’s “Build Baby Build: The Science and Ethics of Housing Regulation”

We don’t have as much housing as would be necessary to keep housing costs low because it’s illegal. Governments manufacture scarcity by wrapping building permissions in red tape.

In Defense of Trumpian Diplomacy

Given the media’s obsession with some of the President Trump’s communication challenges, it was utterly predictable that the President’s declaration that his trip to Europe and the Middle East should be considered a “home run” was met almost universally with ridicule....

Trumpcare: Different Plan, Same Problems

With his widely followed, and positively reviewed, address to Congress last week, President Trump showed how easy it could be to unite Washington around a big-budget centrist agenda on health care, immigration, taxes, infrastructure and the military. But the continued...

A Monetary Policy Primer, Part 9: Monetary Control, Today

A Monetary Policy Primer, Part 9: Monetary Control, Today

Instead of endeavoring to influence a market-determined federal funds rate by reducing or increasing the supply of bank reserves, the Fed now adjusts a pair of rates determined solely by its own administrative decrees, while conducting open-market operations without an…

Britain Needs Trump for Smooth Brexit

At the Washington joint press conference with Prime Minister May held on January 27th, President Trump told the watching world, “Brexit is going to be a wonderful thing.” The meeting did much to clear the way for Britain to stand alone and enter trade with the United...

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