Globalization — Donald J. Boudreaux – A good overview of the case for free trade, explained for the non-economist. Here’s a beautiful one-liner to get the message: “By directing resources around the world into those tasks that each resource does best, free trade arranges the world’s resources so that they produce the greatest possible output while giving consumers maximum access to this output.”
Misinformation from Heritage — Benjamin H. Friedman – Defense spending is a major, and I mean major, problem, both because we have massive budget deficits and because our military strategy has been, shall we say, less than ideal over the last few years. One of the worst acts of political duplicity constantly resurrected in Washington is the notion that defense spending is sacrosanct, almost off-budget, and that anyone who keeps it from growing exponentially is somehow hacking away at our national security. Benjamin Friedman at Cato is particularly good at showing why this argument is wrong…time and time again.
Did Everyone See Me Do That? — Allen R. McConnell – Two lessons: (1) We’re a little more self-absorbed than is warranted; and (2) Don’t be afraid to go out on a limb to be happy and successful, even if it means going against the crowd. Your fear probably isn’t as justified as you think it is.