“Populism” was one of the big buzzwords of this election cycle. It was largely attached to the presidential campaigns of Donald Trump and Bernie Sanders, with both candidates referred to as “populists” despite having distinctly different political philosophies. Still, they both used the approach — with success — to tap into the deep dissatisfaction of the average American voter. For Donald Trump, populism has paid off well: In a shock to the political establishment, Trump has ridden populism straight to the White House. But we must understand what populism is really all about.
TGIF: Damn Consumers!
Global free trade is about individual, not national, freedom—for consumers and producers who import raw materials, tools, and semi-finished products. Aside from its role as an aspect of personal liberty, free trade's efficiency benefits have been well-established...