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Dismissing Disagreement (16) Paul Krugman
“The essential things to teach students are still the insights of Hume and Ricardo. That is, we need to teach them that trade deficits are self-correcting and that the benefits of trade do not depend on a country having an absolute advantage over its rivals. If we can teach undergraduates to wince when they hear someone talk about ‘competitiveness,’ we will have done our nation a great service.”Return to the Commons
Of the many foolish arguments for President Biden’s decision to give $400 billion to people who borrowed to attend college, one stood out for its inanity: “Women owe over two-thirds of student debt,” tweeted Senator Elizabeth Warren. “Canceling student debt would help give millions of women a fair shot at starting a business, saving for […]
I spoke earlier this week at a private event for a fervently free-market group. Bringing new ways of thinking to such audiences is a favorite pastime of mine, and one of American Compass’s reasons for being. Partly, of course, this presents an opportunity to persuade. As important, I get to hear the questions and counterarguments […]