We pay too little attention to ‘opportunity cost’—in our personal lives and in public policy.
The potential economic impact, an ascendant liberal order, and peace through commerce.
U.S. policy has exacerbated the problem by depressing potential supply.
Not much.
Reshoring our supply chains will not help with inflation.
Why does the U.S. trade so much energy? There are a few reasons.
A funny thing happened on our way to democratic socialism.
OK doomers.
But it doesn’t mean we’re entering an era of deglobalization.
A system with (far) less government involvement would have produced better results.
(Never mind the facts.)
There are significant economic, political, health, and environmental costs.