Some Links – Cafe Hayek

Some Links – Cafe Hayek


My Mercatus Center colleague Dan Griswold argues that we Americans need, not a wall, but more immigrants.

My GMU Econ colleague Bryan Caplan wins a bet made ten years ago on gasoline prices.

Art Carden likes Bryan Caplan’s new book.

My intrepid Mercatus Center colleague Veronique de Rugy was interviewed recently on Marketplace on Trump’s budget issues.  And here’s more from Veronique.

Bob Higgs longs for the roving bandit.

Jeff Jacoby agrees that the Tea Party is dead.  A slice:

Alas, party politics proved fatal to the movement. “Inertia pulled us toward partisanship,” writes Matt Kibbe, an early Tea Party organizer, “and over time there was growing pressure to support the party, not our principles.” Consequently, not much remained of the Tea Party afflatus after Mitt Romney’s presidential campaign of 2012, and what little vitality it had left was completely drained by Donald Trump’s hostile takeover of the Republican Party four years later. “Under Trump,” Kibbe concedes sadly, “the Tea Party original agenda of freedom and fiscal responsibility has been replaced with a populist nationalism that doesn’t particularly prize spending restraint.”

GMU Econ alum James Broughel explains that regulations can be fatal.

Hillsdale College economist Gary Wolfram is correct: Americans’ trading with foreigners is not bad for Americans, but restricting that trade is.  A slice:

Manufacturing production is at an all-time high today. We have simply replaced labor with machinery. There are 5 million fewer manufacturing jobs than in 1987, while manufacturing output is up 80% over that same time.

Finally, what about the idea of “fair trade” vs. “free trade”?  First, why would it not be fair to allow you to make a trade with someone in Mexico?  We think it is fair for you to be able to trade with someone in Ohio or Indiana.  Does the fact that the other person lives on the other side of the Rio Grande somehow make it OK for the U.S. government to tell you that you are not free to make that trade?

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