Centralized power has a problem: the individual. Every person is a potential disrupter of The Plan, and disruption must be forbidden. Otherwise, why have a central plan? This applies regardless of whether the planning is economy-wide or for particular sectors, such as medical services. (See F. A. Hayek’s The Road to Serfdom.)
Reindustrialization, the Dollar, and the Limits of Tariff Politics
President Donald Trump’s call to reindustrialize the United States taps into a widely shared sense that something fundamental has gone wrong in the American economy. Manufacturing employment has collapsed, entire regions have been hollowed out, and supply-chain...
