The usual story of protectionism – this pattern stretches back many centuries – is that producers in the home country lobby government. They want less competition from abroad. Government complies, imposes trade restrictions, and consumers are harmed with higher prices. Government…

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…