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Ten Years After the Last Meltdown: Is Another One Around the Corner?

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September marked a decade since the bursting of the housing bubble, which was followed by the stock market meltdown and the government bailout of the big banks and Wall Street. Last week’s frantic stock market sell-off indicates the failure to learn the lesson of 2008 makes another meltdown inevitable.
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NAFTA 2.0: Free Trade or Central Planning?

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Last week the United States, Mexico, and Canada agreed to replace the North American Free Trade Agreement (NAFTA) with a new United States-Mexico-Canada Agreement (USMCA). Sadly, instead of replacing NAFTA’s managed trade with true free trade, the new USMCA expands government’s control over trade.
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Venezuela's Socialism...And Ours

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This week we witnessed the horrible spectacle of Nikki Haley, President Trump’s Ambassador to the United Nations, joining a protest outside the UN building and calling for the people of Venezuela to overthrow their government. “We are going to fight for Venezuela,” she shouted through a megaphone, “we are going to continue doing it until Maduro is gone.”
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New Tax Plan Makes It Easier to 'Ed-exit'

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This week the House of Representatives will vote on a package of bills making the temporary tax cuts contained in last year’s tax reform bill permanent and making additional tax law changes. The bills will likely pass in the House, but will almost certainly be filibustered in the Senate if the Senate leadership tries to bring them to the floor.
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Republicans’ Responsibility for Socialism’s Comeback

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According to a recent Reuters/Ipsos survey, 70 percent of Americans, including about 50 percent of Republicans, support Medicare for all, the latest incarnation of single-payer health care. Republican support for a health plan labeled “Medicare for all” is not surprising considering that Republican politicians support Medicare and that one of their attacks on Obamacare was that it would harm the program. Furthermore, the biggest expansion of Medicare since its creation — the Part D prescription drug program — occurred under a conservative president working with a conservative Congress.
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Why Are We Siding With al-Qaeda?

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Last week, I urged the Secretary of State and National Security Advisor to stop protecting al-Qaeda in Syria by demanding that the Syrian government leave Idlib under al-Qaeda control. While it may seem hard to believe that the US government is helping al-Qaeda in Syria, it’s not as strange as it may seem: our interventionist foreign policy increasingly requires Washington to partner up with “bad guys” in pursuit of its dangerous and aggressive foreign policy goals.
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Can’t We Just Leave Syria Alone?

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Assad was supposed to be gone already. President Obama thought it would be just another “regime change” operation and perhaps Assad would end up like Saddam Hussein or Yanukovych. Or maybe even Gaddafi. But he was supposed to be gone. The US spent billions to get rid of him and even provided weapons and training to the kinds of radicals that attacked the United States on 9/11.
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Turkey Now, America Later?

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President Trump recently imposed sanctions on Turkey to protest the Turkish government’s detention of an American pastor. Turkey has responded by increasing tariffs on US exports. The trade war is being blamed for the collapse of Turkey’s currency, the lira. While the sanctions may have played a role, Turkey’s currency crisis is rooted in the Turkish government’s fiscal and (especially) monetary policies.
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Protectionism Abroad and Socialism at Home

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One of the most insidious ways politicians expand government is by creating new programs to “solve” problems created by politicians. For example, government interference in health care increased health care costs, making it difficult or even impossible for many to obtain affordable, quality care. The effects of these prior interventions were used to justify Obamacare.
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Trump vs. His Own Administration?

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Are President Trump’s senior cabinet members working against him? It’s hard not to conclude that many of the more hawkish neocons that Trump has (mistakenly, in my view) appointed to top jobs are actively working to undermine the president’s stated agenda. Especially when it seems Trump is trying to seek dialogue with countries the neocons see as adversaries needing to be regime-changed.
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