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OpenMarket: Iain Murray

  • Economics of Green New Deal: More Red Than Green

    February 14, 2019
    My colleagues have written elsewhere about the energy and environmental components of the “Green New Deal” proposals that have been enthusiastically agreed to by most declared Democrat candidates for the presidency and which are about to be debated in the Senate. In this post I will take a brief look at the “social justice” components of the proposed Deal, which cover issues such as monetary theory and labor and employment policy.
  • Jobs Numbers Continue Generally Positive Trend

    February 1, 2019
    The latest jobs report from the Bureau of Labor Statistics suggest that the economy is continuing on a steady course, at least as far as employment goes.  Wage growth is stronger than the trend of the last few years, which may be the result of the Tax Cuts and Jobs Act allowing employers to pay their workers more.
  • Brexit: The EU's Gordian Knot Strangles May's Government

    January 16, 2019
    When Rory Broomfield and I were examining the prospects for Britain leaving the European Union in 2014-16, we recognized that there was no easy way out. No off-the-shelf solution existed apart from the “Norway model,” which suffered from much the same problems that full membership of the EU inflicted upon Britain. Britain had become so entangled in the EU system that it amounted to a Gordian Knot incapable of being unraveled.
  • Great Jobs Numbers Don't Assuage Trade War Worries

    January 4, 2019
    Today’s jobs numbers were a surprise to everyone—312,000 jobs added in December was almost twice the consensus view of economists of 176,000. Strong wage growth was also present, as was a welcome return of working age adults to the labor force (which likely contributed to a slight uptick in the unemployment rate). Black men remain one of the main beneficiaries, with a historically low unemployment rate.
  • Year in Review 2018: Trade Policy

    December 24, 2018
    2018 was the year in which President Trump began to implement his campaign promises of using tariffs to change America’s trade policy. The ostensible reason was to protect American jobs and industries. In so doing, the President jettisoned his party’s long-standing adherence to free-market principles. It appears that this is one of several changes that represent the beginnings of a political realignment that may well be global in nature.
  • Year in Review 2018: Antitrust

    December 21, 2018
    If 2018 was a bad year for antitrust skeptics, 2019 promises to be worse. We must hope that the Federal Trade Commission and Department of Justice hold the line against the pressure, and refrain from unleashing the antitrust kraken.
  • Don't Blame Google for a Feature Consumers Want

    December 6, 2018
    It’s very rare I disagree with the great freedom-loving journalist John Stossel, but his column at Townhall this week made me raise an eyebrow. In it, he criticizes Google and its platform YouTube for having “power they shouldn’t have.” He was concerned that YouTube would “not allow” his new video, “Socialism Leads to Violence” to be viewed by young people. After his complaint, Google apparently lifted the restriction.
  • Britain’s Treaty of Versailles

    November 28, 2018
    “Vote leave, take control” was the slogan of the “leave” campaign during the run-up to the vote on whether the United Kingdom should exit the European Union. Despite this, British Prime Minister Theresa May has negotiated a deal with the European Union that cedes further control over British law to the EU, and has given the EU a veto over Britain extracting itself from the deal.
  • What Do the Midterms Mean for Big Tech?

    November 8, 2018
    For the big technology firms, the midterm elections were never going to change much.  Whatever the result, they were going to face more scrutiny over the next year. The only difference is in what sort of scrutiny. If anything, the split in control of the chambers presents the worst of both worlds.
  • August Brought 201,000 New Jobs, but Future Gains Threatened by Trade Restrictions

    September 7, 2018

    The U.S. economy added 201,000 jobs in August, the U.S. Labor Department announced today. Good news, but impending trade restrictions could put a damper on those gains, Competitive Enterprise Institute analysts warn.


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