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Friedrich List (1837)
The doctrine of national economics teaches us that a country which hopes to attain the highest degree of independence, culture and material prosperity should adopt every measure within its power to defend its economic security from any foreign attack, whether such an attack takes the form of hostile legislation or military action. To enable a country to protect itself it is essential that it should establish industries and foster their development.Return to the Commons
Only the Rich Can Play: How Washington Works in the New Gilded Age, by David Wessel (PublicAffairs, 352 pp., $14.99) The rapper T.I. may never have read Kevin Williamson’s infamous suggestion that struggling communities need “real opportunity, which means that they need real change, which means that they need U-Haul,” but he is clearly […]
Paul Krugman famously called the federal government “an insurance company with an army.” In this, unlike most things, he is not entirely wrong. When it comes to domestic policy, the lion’s share of government spending is social insurance payments (Medicare, Social Security, the SSDI disability program, unemployment insurance) and social assistance via the safety net […]