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Too Much: Three First World Problems

Mar 30, 2024 | citizensjournal.us | Art Carden |Oscar Garcia

For most of history, people’s biggest problems concerned adequate food, clothing, and shelter. Life resembled Thomas Hobbes’s description of the state of nature: solitary, poor, nasty, brutish, and short. Today, we have, if anything, the opposite problem: we have so much food, clothing, and shelter that we pay professionals to help us manage it all.
NAFTA: 30 Years Of Driving Free Trade Critics Crazy

Mar 19, 2024 | citizensjournal.us | Colin Grabow |Oscar Garcia

Almost since its inception, the North American Free Trade Agreement has generated controversy far out of proportion to its economic consequences. From Ross Perot’s 1992 warning that NAFTA would create a “giant sucking sound” of jobs flowing to Mexico to Barack Obama’s (and Hillary Clinton’s) campaign trail threat to pull out of the agreement to Donald Trump’s 2016 description of it as a “disaster,” criticism of the trade deal has been a near-constant feature of American politics.
How Rich People Create Poverty

Mar 15, 2024 | citizensjournal.us | Art Carden |Oscar Garcia

It’s popular within the academy and fashionable intellectual circles to blame rich Westerners for global poverty, or rich Americans for national poverty. Rich people shoulder a lot of the blame for poverty, but not for the reasons you might think. It’s worth revisiting why rich Westerners share so much blame for poverty. It’s not because we have high standards of living.
The Fed (Almost) Ruined Black Friday

Mar 13, 2024 | citizensjournal.us | Spence Purnell |Oscar Garcia

Black Friday was once a sure bet that consumers would engage in a shopping frenzy. But it felt different in 2023, and the data tell us why. Years of rampant inflation had consumer spending expectations for the 2023 event. Did inflation ruin Black Friday? It certainly did its best to spoil the party, but ultimately, markets prevailed. Monetary and fiscal policy drove inflation over the past three years, putting pressure on business budgets and raising consumer prices.
Division Of Labor Makes Us Wealthy…And Fragile

Mar 9, 2024 | citizensjournal.us | Michael Munger |Oscar Garcia

My father was born in 1919, on a farm in the upper Mohawk Valley in New York, in 1919. He could build a two-story wood shed without a blueprint, or tear down and rebuild a straight six car engine without help or instruction. I know less: I can do some simple electrical wiring around the house, or repair, or even replace, a toilet. My sons need to watch a YouTube video to install a curtain rod. Clearly, America is going to hell in a handbasket. Or is it?
Not A Very Virtuous Virtue Signal

Mar 1, 2024 | citizensjournal.us | Gary M. Galles |Oscar Garcia

As reported by Reason, a group including about 250 million- and billionaires calling themselves Proud to Pay More (P2PM) advocated the imposition of wealth taxes in an open letter to the “luminaries” meeting in Davos, Switzerland. Its core is apparent from the following excerpt:Our request is simple: we ask you to tax us, the very richest in society. This will not fundamentally alter our standard of living, nor deprive our children, nor harm our nations’ economic growth.
America’s DEI Commissars Threaten Freedom

Feb 29, 2024 | citizensjournal.us | Barry Brownstein |Oscar Garcia

In his book The New Puritans, Andrew Doyle observed, “We have seen the evangelists of ‘social justice’ take control of our major cultural, political, educational and corporate institutions, thirsty for opportunities to be seen to vanquish devils, be they real or imagined.” Doyle warned, “these illiberal trends… threaten to sabotage all the progress we have made since the civil rights movements of the 1960s.”Too few listened when F. A. Hayek issued a similar warning almost 50 years earlier.
Tariff Truths - Citizens Journal

Feb 28, 2024 | citizensjournal.us | Tarnell Brown

In a classic case of damning with faint praise, former President Donald Trump recently expressed his affection for Chinese President Xi Jinping, while threatening to engage in a trade war with China if he is reelected as President. In typical Trumpian style, he feted Xi as a smart, strong leader while also stating that while he is not specifically looking for a trade war, import duties even greater than the 60 percent he was previously reported as considering are completely on the table.
The Carbon Offset Dilemma

Feb 27, 2024 | citizensjournal.us | Paul Mueller |Oscar Garcia

Last year’s UN Climate Conference (COP28), was described as an “open-air bazaar” of companies and countries hawking their fashionable wares — carbon offsets. Even cultural icon Taylor Swift regularly utilizes carbon offsets. Yet the effectiveness of many kinds of carbon offsets is highly questionable. A great deal of ambiguity and conflict exists when it comes to what counts as a carbon offset and who gets to sell it. These issues cannot be easily ironed out.
Whoa! The Special Counsel Report That Damns Biden

Feb 13, 2024 | citizensjournal.us | Joseph Farah

It was almost a schizophrenic report from Special Counsel Robert Hur. What was more damning – the contents of top-secret classified information and documents that were “willfully,” and inappropriately, retained and disclosed by Joe Biden for years as senator and vice president, or Hur’s report that characterized him as an old man with a poor memory who is not in command of his surroundings?