Unfortunately, we find that today's MAGA economics is in many ways a retread of the failed supply-side economics of old.

In a recent Substack posting, economist Bryan Caplan held up the United Arab Emirates as an example of how open immigration can be successful. However, as Artis Shepherd notes, Caplan clearly does not understand how immigration works in the UAE.

Jerome Powell yesterday struck a far more cautious tone on price inflation and stated “The economy is not sending any signals that we need to be in a hurry to lower rates.”

Critics of free markets claim that 1980s and 90s were near-pure laissez-faire when, in reality, the regulatory state didn‘t go away. The North American Free Trade Agreement supposedly was the apex of free markets. Think again.

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