On January 28, 1986, the space shuttle Challenger exploded. All seven astronauts were killed. Eyewitness Frank Mottek described the scene: Just then we both stood up and looked up at the shuttle making its way farther and . . .
China’s economy is now the largest on earth. Its industrial output is triple that of the United States. Its population, quadruple. To make matters worse, Chinese computing power is on par with ours and their . . .
…We wonder—and some Hunter may express Wonder like ours, when thro’ the wilderness Where London stood, holding the Wolf in chase, He meets some fragment huge, and stops to guess What powerful but unrecorded race . . .
The Baguette Shop, or an economic parable on asymmetrical competition You own an artisanal bakery that makes the best $2 baguettes in town—business is booming. In fact, business is so good that a German bakery . . .
California is a land of untold opulence and splendor. Hollywood’s glitter dazzles the gawking masses, while the world’s most profitable companies, Google, Apple, and Facebook, funnel cash into the Golden State from every corner of the . . .
A customer can have a car painted any color he wants as long as it’s black. ~Henry Ford In 1908 the American industrialist and culture hero Henry Ford released the Model T. What made the Model T . . .
Too often the tariff debate is fought along economic lines: will tariffs create jobs or will they funnel wealth into dying industries? This line of reasoning is fundamentally flawed. Economics and politics—wealth and power—are inseparable, . . .
First published on the Daily Caller. “Consumers are paying the price” for President Trump’s tariffs, CNN claims. Millions will feel the pinch; many thousands will lose their jobs. What CNN fails to mention is that millions of Americans already feel . . .
U.S. Commerce Secretary Wilbur Ross told CNBC on Tuesday that President Trump’s tariffs wouldn’t hurt American consumers, noting that because the price increase will be “spread over thousands and thousands of products, nobody’s going to . . .