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

The Dispatch’s associate editor and Morning Dispatch guru Declan Garvey joins Sarah to ask Oren Cass what his mission is with American Compass, a center-right organization of which he is the executive director. Cass thinks it’s time the conservative movement reforms itself and he is trying to do so from within. Cass says, “What has been missing from American politics and policy making is a conservatism that takes seriously the ways that public policy could really take on and address failures in our markets and things that are not going well in the economy.” Chief among the issues debated in this episode is Sen. Mitt Romney’s new child allowance proposal. The trio also discusses what Donald Trump’s lasting legacy will be in the Republican Party, and what it would mean for the party if he won again.

Listen at The Dispatch
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.