Tomorrow’s News
America’s ‘national’ debt rose from less than $6 trillion in 2000 to over $37 trillion now. The US trade deficit rose to $1.1 trillion over the last 12 months — 10 times more than it was in 2000.
The Daily Reckoning Australia
How Australians voted for a great wealth redistribution
Australians recently voted back a stronger ALP government. Amidst the excitement that this could bring more cohesion and stability, do Australians know what they actually voted for? Are they prepared for what’s to come?
Invitation to Larceny
You can blame white men for the world’s ills. But when it came to plumbing and internal combustion engines, white men were on the ball. Not a single one of them was carrying out a government policy.
Tariff Deal Mania
Centralized trade policies are a scam. There is no evidence that bureaucrats in Washington can do a better job of making trade deals than independent buyers and sellers with skin in the game.
The trade war is over. Tax cut chaos is next.
Trump isn’t just imposing tariffs. He also wants to cut taxes. If the tariff tantrum gave us a taste for how he’ll go negotiate, hold on tight!
Big Wins
Free trade is a feature of the win-win economy. It favors no one in particular and everyone in general. Prices go down and quality increases as people are allowed to compete for customers.
