Tweet… is from page 335 of the “Random Thoughts” section of Thomas Sowell’s 2010 book, Dismantling America: Despite people who talk glibly about “earlier and simpler times,” all that makes earlier times seem simpler is our ignorance of their complexities. DBx: Yes. A similar error is made by people who talk glibly about “America’s golden […]

Cafe Hayek

08.05.2025

Some Links - Cafe Hayek

TweetThe Editors of National Review wisely warn Trump that, by making Americans poorer, his protectionist ‘policies’ might well prove to be as politically damaging to the GOP as these ‘policies’ are to the American economy. A slice: Yet bizarrely, the man who for decades has been a symbol of unapologetic American excess is now defending […]

Cafe Hayek

08.05.2025

On Joe Nocera's Mistaken Take on Trade and Economics - Cafe Hayek

TweetHere’s a letter to The Free Press Editor: Joe Nocera’s paean to “the intellectual godfathers of protectionism” is filled with so much misunderstanding that it’s difficult to know where to begin to correct his errors (May 6). Start with this claim: “Though most economists were at least dimly aware that globalization was causing factories to […]

Cafe Hayek

08.05.2025

Quotation of the Day... - Cafe Hayek

Tweet… is from page 42 of the original edition of the Harvard economist Frank Taussig’s 1915 volume, Some Aspects of the Tariff Question: In creating and maintaining the comparative advantage which comes from the better application of the machine processes, the business man – the industrial leader – has become in recent times a more […]

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Quotation of the Day... - Cafe Hayek

Some Links - Cafe Hayek

On Joe Nocera's Mistaken Take on Trade and Economics - Cafe Hayek

Quotation of the Day... - Cafe Hayek

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