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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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Neocons Demand 'Crushing' Sanctions on Russia

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You can always count on the neocons in Congress to ignore reality, ignore evidence, and ignore common sense in their endless drive to get us involved in another war. Last week, for example, Senators John McCain (R-AZ), Lindsey Graham (R-NC), Bob Menendez (D-NJ), and others joined up to introduce what Senator Graham called “the sanctions bill from hell,” aimed at applying “crushing” sanctions on Russia.
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Trump’s Tweets End the Myth of Fed Independence

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President Trump’s recent Tweets expressing displeasure with the Federal Reserve’s (minor) interest rate increases led to accusations that President Trump is undermining the Federal Reserve’s independence. But, the critics ignore the fact that Federal Reserve “independence” is one of the great myths of American politics.
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Spending Our Way to a Fiscal Crisis

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According to financial writer Simon Black, the federal government is spending approximately 52,000 dollars per second. This, not last year’s tax cuts, is the reason why the national debt has reached a record 21 trillion dollars, which is more than America’s gross domestic product (GDP).
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The Mueller Indictments and The Trump-Putin Summit: Triumph of the Deep State?

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The term “deep state” has been so over-used in the past few years that it may seem meaningless. It has become standard practice to label one’s political adversaries as representing the “deep state” as a way of avoiding the defense of one’s positions. President Trump has often blamed the “deep state” for his political troubles. Trump supporters have created big conspiracies involving the “deep state” to explain why the president places neocons in key positions or fails to fulfill his campaign promises.
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Why Trump’s Iran Isolation Plan May Backfire

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In May, President Trump pulled the United States out of the Iran nuclear deal despite Iran living up to its obligations and the deal working as planned. While the US kept in place most sanctions against Tehran, China and Russia - along with many European countries - had begun reaping the benefits of trade with an Iran eager to do business with the world.
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Who’s Afraid of the Trump/Putin Summit?

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President Trump’s National Security Advisor John Bolton was in Moscow last week organizing what promises to be an historic summit meeting between his boss and Russian President Vladimir Putin. Bolton, who has for years demanded that the US inflict “pain” on Russia and on Putin specifically, was tasked by Trump to change his tune. He was forced to shed some of his neoconservative skin and get involved in peacemaking. Trump surely deserves some credit for that!
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No (Internet Sales) Taxation without Representation!

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Last week the United States Supreme Court, in the case of South Dakota v. Wayfair, ruled that the Constitution’s Commerce Clause allows state governments to force out-of-state businesses to collect state sales taxes. This decision overturns the court’s precedent that a state could require only businesses with a “physical presence” in the state to comply with state tax laws.
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