John Tamny

As always, both sides need to relax. People are wise. They get it.

That Seinfeld was seen by top NBC executives as less-than-promising, only for it to become a multi-billion dollar blockbuster, is a reminder that when it comes to the future of commerce, predictions aren’t worth the paper they’re printed on.

Economists frequently extol the virtues of currency devaluation as having some kind of positive economic impact, but they’ve plainly never talked to people in Argentina.

<p>Phillipson’s comment is a reminder that some conservatives can unsheathe the victim card as ably as their reliably outraged opponents on the left.</p>

<p>If the economy falters, supply side policies will be blamed. That would be unfortunate. Supply side hasn’t been tried yet.</p>

<p>When the U.S. devalues the dollar, the tight relationship between the world’s currencies and the dollar means that a devaluation stateside is generally a <em>global event</em>.</p>

<p>Entrepreneurs from around the world (including China) want to “steal” or imitate the clever doings of creative minds in the U.S because the U.S. is the most prosperous and creative nation in the world. Pundits view this as a threat, think we should empower the federal government to penalize the theft, but the much bigger worry would be if the creative found nothing worth emulating.</p>

<p>It’s the countries most open to the world’s plenty, including plenty produced in countries that allegedly “cheat” when it comes to trade, that are the most prosperous.</p>

<p>The <em>Libra</em> has the potential to mark the start of something because if widely used, it will open the eyes of the global population to a truth about money: it works best when its value is stable, plus it needn’t be a government creation. </p>

<p>If we persist in reducing their brilliant progress to anything other than hard work being matched with freedom, we risk turning the biggest consumers of all things American against the United States. The economic consequences for the American people will be unfortunate.</p>