Irwin Stelzer
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(U.S. Air Force Photo by Staff Sgt. Robert M. Trujillo)
Probabilities
Asking the Right Question on Climate Change

Since we can’t be certain that the globe is warming, and we can’t be certain that it isn’t, we are essentially in the position of a homeowner deciding whether to buy fire insurance. Buying insurance is generally a good idea.

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Image courtesy of Shutterstock
The Great Decoupling
Don’t Call It a Trade War

What’s happening between the United States and China is far bigger than a mere trade dispute. It’s the first step in the long march to a new world order.

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Default Presumptions
The Burden of Debt

Both ends of the political spectrum have become increasingly cavalier about debt. They may live to regret it.

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Economic Evolution
Saving Capitalism from the Capitalists

Capitalism is still the best economic system humanity has produced. But it is long overdue for reform.

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Economic Literacy
A Failure of Pedagogy

From Alexandria Ocasio-Cortez to Donald J. Trump, our political class is profoundly ignorant of basic economics.

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We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.