Why Progressives Once Fought Tariffs as They Fought Monopolies

The Nineteenth Century understood very well that tariffs have the same effect on consumers as do monopolies. Tariffs prevent foreign competitors from undercutting the prices of domestic companies, because the foreign competitors must now pay the tariffs, and that in turn allows domestic companies to raise prices. It is for this reason that in the […]

Solar Storms and Grand Strategy

Boeing’s continued use of pulleys to control its 737s, even the most recent generation, is some of the better news to emerge from the MCAS disaster so far. One wonders whether an excellent first-strike strategy would not be this: (1) unlike the rest of the world, engineer away from electrical solutions; (2) wait for a […]

Congestion Pricing Is Just the Latest in Progressives’ Betrayal of the Regulatory State

Once upon a time, most ways into New York City were tolled. Then the original progressive movement hit. Progressive economists like Harold Hotelling argued persuasively that because the marginal cost of running another motorist over a bridge was near zero, there was no economic reason for which everyone who wanted to drive over the bridge […]