"What governments spend on relief work is secondary to what it spends on its armies...Merchants are the knights who will save this region from famine and must avoid investing in worthless projects..."
....
(via Tyler Cowen)
Economic Mobility, Not Manufacturing Decline, Is the Real Rust Belt Story
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Previous Cato at Liberty posts have demonstrated that increased trade with
China did not decimate US manufacturing. By multiple metrics, US
manufacturing i...
35 minutes ago
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