ECONOMICS

 Top industry trade groups have warned in a letter to Canadian Prime Minister Justin Trudeau to avert a rail strike that could snarl supply chains of critical commodities across North America. 

"We request that you take action to ensure railroad operations continue before a lockout or strike occurs to prevent serious damage to the Canadian and US economies," 35 US industry groups wrote in a letter to PM Trudeau. 

Bloomberg highlights the commodities that (more…)

Authored by Jonathan Newman via The Mises Institute,

In Paul Krugman’s latest column, he claims that Kamala Harris hasn’t advocated for price controls, only a ban on price gouging on groceries.

Of course, these are the same thing.

Krugman’s own principles text defines price controls as “legal restrictions on how high or low a market price may go.”

A ban on price gouging is a legal restriction on how high a market price may go.

Therefore, even (more…)

Authored by John Robson via The Epoch Times (emphasis ours),

A friend’s mother was fond of saying there’s no good way to do a bad thing, and no bad time to do a good one. It’s true of public policy as of life generally, which is why both the public and politicians should talk more about principles and less about motives or tactics. And just as I was wrestling with applying this maxim to the current fiscal mess, someone Xed the classic Milton Friedman line to “Keep your eye on (more…)