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American Compass Releases Conservative Economic Agenda for 118th Congress
Hayek’s Broken Promise
Comparative Disadvantage

On Sunday night the Democrats torpedoed a bipartisan emergency bill that would have increased unemployment benefits, provided payroll and rent for small businesses, and financial assistance for millions of American households. Oren Cass joins Dan Crenshaw to discuss these and other stimulus measures which would bring desperately needed economic relief to Americans in the age of COVID-19. We also have a wide-ranging conversation about everything from the real cost of climate change to whether or not the gig economy is undermining American industries, and much more.

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Recommended Reading
American Compass Releases Conservative Economic Agenda for 118th Congress

Today, American Compass is releasing New Direction: Conservative Principles & Policies for the 118th Congress, an agenda for economic renewal, focused on the interests of worker, their families and communities, and the nation.

Hayek’s Broken Promise

It is a tragedy that Friedrich Hayek’s excesses, invested with the authority of his (deserved) reputation, became the unexamined default for right-of-center economic thinking in America.

The resulting orthodoxy too often combines a Panglossian insistence on defending market outcomes regardless of their quality with a reflexive belief that policy intervention can only be distortive for the worse.

But when it comes to international trade’s effect on the American economy, a knowing assertion that nothing should be done, followed by yet another “analysis” working backward to an argument that nothing needs doing, will no longer do.

Comparative Disadvantage

If comparative advantage is created rather than discovered, refusing to play the game has consequences.