CONTENTS
JANUARY 2019 : ISSUE 18
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Editor in Chief: P.J. O’Rourke Editorial Director: Carli Flippen Publisher: Steven Longenecker Assistant Managing Editors: AMERICAN CONSEQUENCES
42 The Case for Compensated Free Trade BY ROBERT SKIDELSKY 46 2019 Prep: Crypto Comeback? BY ERIC WADE 54 Prospects for U.S.-China Relations in 2019 BY KEVIN RUDD 60 What We Learned From 2018 BY BILL BONNER
4 Inside This Issue
BY STEVEN LONGENECKER
6 Letter From the Editor BY P.J. O'ROURKE
10 Ricardo's Law of
Comparative Advantage BY P.J. O'ROURKE
Chris Gaarde, Laura Greaver Creative Director: Erica Wood Contributing Editors: Bill Bonner, Ed Crane, Kevin Rudd, John Tamny, Buck Sexton, Robert J. Shiller, Brooks D. Simpson, Robert Skidelsky, Eric Wade Newswire Editors: Scott Garliss, John Gillin, Greg Diamond Contributing Cartoonist: Khalil Bendib Cartoon Director: Frank Stansberry General Manager: Jamison Miller Advertising: Sam DeCroes, Jared Kelly, Jill Peterson Editorial feedback: feedback@ americanconsequences.com
12 What Moved the Market
14 What Could Possibly Go Wrong?
16 From Our Inbox
66 The New Congress
BY BROOKS D. SIMPSON
20 If You Hated Calculus in School BY JOHN TAMNY
70 Trade Routes: Roads to Hell? BY P.J. O'ROURKE
26 Tariff Statistics
BY P.J. O'ROURKE
74 Silent Inflation
BY ROBERT J. SHILLER
28 America Was Built on Tariffs BY BUCK SEXTON 32 Free Trade: A Basic Human Right BY ED CRANE
78 Reviews of Business Best-Sellers BY THE BOOK GRUMP
82 Read This
COMPILED BYSTEVEN LONGENECKER AND P.J. O'ROURKE
36 The Bet
BY P.J. O'ROURKE
84 Featured Contributors
American Consequences 3
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