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Despite arguments from President Trump and his supporters, there is no such thing as an “optimal” tariff. If anything, Americans have the upper hand in trade because they can run large trade deficits due to the status of the US dollar as the world‘s reserve currency.
When markets get more volatile and more unstable, I get the urge to take a step back and reflect on simple assessments of trend...
One of my favorite market breadth indicators remained in an extreme bearish reading through the end of last week, standing in stark contrast to...
Walter Olson No civil rights law on the books requires “viewpoint diversity” in university admissions or hiring or creates a protected class of students...
David J. Bier Today Cato published my new briefing paper coauthored with Mike Howard and Jacob Vigdor on how immigration has affected housing wealth...
