Economy (page 110)

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    Barron’s bashes the BAT

    Gene Epstein‘s latest Barron’s cover story explains his objections to a proposed border adjustment tax designed to boost American exports. The proposed border adjustment tax is so complicated that even its advocates can’t agree on how its disruptive effects on the U.S. economy…
    Mitch Kokai, March 20, 2017
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    Fight the Myth of Fair Trade

    As Barron’s editorial page editor Thomas Donlan notes in his March 6 editorial: “Fair trade” is never fair, because it always means that the deadening thumb of government has to adjust the scales of commerce in favor of domestic businesses that can’t succeed any other way.
    Kory Swanson, March 16, 2017
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    New Carolina Journal Online features

    Sam Hieb reports for Carolina Journal Online on a recent Duke forum designed to highlight the need for election redistricting reform. John Trump’s Daily Journal highlights a little-known piece of the so-called “brunch bill” that would mean good news for the state’s distilleries.
    Mitch Kokai, March 16, 2017
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    Trump, Detroit, and anti-auto rules from the EPA

    John Siciliano of the Washington Examiner previews President Trump’s next high-profile trip to the American heartland. President Trump will visit Detroit Wednesday to halt Environmental Protection Agency regulations that would force manufacturers to make cars that average more than 50 miles a gallon.
    Mitch Kokai, March 14, 2017
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    Barron’s reminds us of the unemployment rate ‘fudge factor’

    One reason why it’s a good idea to avoid spending too much time analyzing month-by-month changes in unemployment numbers is the fact that those who compile the data build in seasonal adjustments that can skew actual results. The latest “Up and Down Wall Street” column from Randall Forsyth…
    Mitch Kokai, March 13, 2017
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    A ‘trade deficit’ is not a deficit. It means a capital surplus.

    The Wall Street Journal offers a quick tutorial: Americans may be alarmed when they hear that the U.S. buys more from the rest of the world than it sells because they can’t run a household deficit. But national accounting isn’t the same as household accounting, and a trade deficit…
    Jon Sanders, March 11, 2017
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    Loss of a handful of one-off events fails to disrupt world’s 30th largest economy

    This, mind you, is shocking news. The News & Observer and PolitifactNC just had to report that, blast it, Lt. Gov. Dan Forest is right about HB2’s lack of economic impact, specifically when he said this in Texas in support of a similar measure there: If you look at…
    Jon Sanders, March 10, 2017
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    Bottleneckers use licensing laws to limit competition, boost prices

    There’s a new term for business owners who use government licensing laws to protect themselves from competition and to maintain high prices. The term is “bottleneckers.” Dick Carpenter of the Institute for Justice has co-authored a book detailing the economic damage these bottleneckers cause. He highlighted key issues from the…
    Mitch Kokai, March 7, 2017