Adam Smith’s observation that “the sole use of money is to circulate consumable goods” cannot be repeated enough. It explains so much, and in particular it explains why world leaders were so eager to convene at Bretton Woods in 1944 so that the world’s currencies could be pegged to a dollar that was defined […]
Those Who Would Ban TikTok Are More Dangerous Than TikTok Read More »
At issue before the Supreme Court this week is whether the national security implications of TikTok outweigh our right to freedom of speech. The belief here is we better cling to our First Amendment. Elon Musk’s motivations for purchasing Twitter were to ensure there was a place to have free and open debate on
The Real National Security Risk Is a TikTok Ban Read More »
“Let many ideas flourish as industrial policy doesn’t work.” Those are the words of the excellent Andy Kessler in his latest Wall Street Journal opinion piece. Policymakers should embrace Kessler’s logic, all the while applying it to their shameful attempt to force a TikTok divestiture. And yes, the demand from politicians (and upheld last week by the D.C.
The National Security Angle With TikTok Is Bogus. This Is Industrial Policy Read More »
The legendary Boeing 747 was a brilliant consequence of six million different parts produced by man and machine around the world. Absent this wildly sophisticated division of labor, 747s wouldn’t exist. Construction of them would be way too expensive. Which is the point. When people the world over are free to blend their remarkably
Joe Biden’s Protectionism Threatens Our National Security Read More »
