American Consequences - January 2019

CONTENTS

JANUARY 2019 : ISSUE 18

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28

54

46

74

42

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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