Toppling Tillerson

Now that President Trump has knocked off Rex Tillerson, perhaps it’s time to have a serious conversation about the structure of the federal government. President Trump on Tuesday named CIA Director Mike Pompeo to replace the departing secretary of state. But will this personnel change be sufficient to correct what ails this administration?

By | 2018-03-13T14:14:05+00:00 March 13th, 2018|

Lessons for Republicans from the Pennsylvania Special Election

Voters in Pennsylvania’s 18th congressional district today will decide whether to elect Republican Rick Saccone or Democrat Conor Lamb in a special election, the result of the vacated seat left by former Rep. Tim Murphy, who resigned last year amid a scandal involving a former female staffer and an abortion. Spanning suburban and

By | 2018-03-13T14:19:31+00:00 March 13th, 2018|

Poison-Pill Migration

Beginning in the 1970s, the Republican Party’s center of support shifted from the Northeast and Midwest to the Southwest and Southeastern United States. For many Republican voters, Texas has always been understood to be a blood-red state. Yet for the longest time, Texas was a Democratic bastion as much as California is today.

By | 2018-03-12T20:51:27+00:00 March 12th, 2018|

Why China Will Fail

This is not a happy time to be an entrepreneur seeking to list your firm on one of China’s stock exchanges. Nor is your situation better if you’re one of the Securities Commission members charged with approving listing applications. Chinese companies aren’t doing very well, and Beijing thinks it’s because the standards on

By | 2018-03-10T14:42:13+00:00 March 10th, 2018|

Tariffs: An Allegory

Suppose you run a company with lots of employees. For a long time, among your employees have been a couple of your nephews. If you’re being honest, they are not your favorite workers. There’s always pressure to raise their wages and they are now up to $25 per hour each, which is more

By | 2018-03-10T14:33:33+00:00 March 10th, 2018|

Tariffs, Trade, and Patriotism

President Trump’s recent decision to impose tariffs on steel and aluminum in response to what he (and most Americans) view as the routinely unfair trade practices of China and other foreign powers has upset more than a few Beltway apple carts. It has also triggered a lot of heated criticism from the Right—much

By | 2018-03-11T12:07:55+00:00 March 10th, 2018|