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Over the past several decades, a new trade paradigm has arisen, one that deemphasizes domestic, vertically integrated firms competing in end products with similarly integrated firms from other nations. Instead, from automobiles to electronics, chemicals, and clothing, the production process has dispersed.
There are some ideas that, no matter how often they rise and how spectacularly they fail, just won't go away. Perpetual motion machines, for example. Passive exercise machines. Diets that work. These technologies sound great in theory, but don't seem to pan out in practice. Add to the list, electric (or largely electric) cars.
Contrary to the left's entitlement mind-set, Americans are happiest when they earn what they receive. What the middle class needs most is more of what it already does so well.
Tension between the United States and Iran reached levels not seen in more than 20 years when, on Wednesday, Iranian military officials threatened to close the Strait of Hormuz, the 34-mile wide channel through which more than one-third of the world’s oil tanker traffic passes.
The idea that it would be great to put high-speed-rail lines all over the country shows an underappreciation of American geography and of some of the nation’s genuine strengths.
When asked how to boost America’s educational competiveness, a staple response is the emphatic assertion that we need to be more like nation X. But, just for a moment, let’s entertain the radical proposition that a better course is to tap into uniquely American strengths like federalism, entrepreneurial dynamism, and size and heterogeneity.
With clean air already guaranteed by federal requirements, there is no rationale for ceding control of Pennsylvania"s automobile policies to unelected California regulators.
The idea that government can create jobs in the economy is a myth, and painting the myth green makes it no less of a myth. The experience of Europe, which has preceded us in the quest for a new green economy, is both negative, and unsustainable, with subsidies being cut back, and feed-in tariffs reduced.








