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Trade, Tariffs, and some Basic Economics

Why does trade occur? Fundamentally, trade takes place in order to better the lives of those participating in the trade. You trade money for food because you are hungry and money doesn’t taste very good. Each party values what they are trading away less than what they are receiving in return. That is why the …

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The Weakest Generation

“What is wrong with people today?” It’s a question we hear frequently, in many different forms, but all are probing at an increasingly obvious observation. Previous generations entered their thirties with families, houses, and a decade or more of meaningful work experience under their belts. They bought used cars, built small starter homes, worked their …

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Killing the American Meritocracy

The American Dream is under attack like never before—not just the ability to fulfill the dream—but its very concept and history. At the core of the American Dream is the idea of meritocracy. There is no royalty in America, no titles of nobility, no entrenched caste system. You could be born anywhere, to anyone, and …

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Poverty and Success

Perhaps the most unpopular opinion I hold is that—in spite of the myriad obstacles to success instigated by the state—success is still achievable by a significant percentage of the population (>95%) and poverty is a result of one’s own choices in a similar percentage of cases. I am not suggesting that everyone’s idea of success …