The question of what separated Europe from the rest of the world in the 19th century remains a puzzle, and will remain so if we focus on material factors, or on broad ideological trends. We need to focus on particular elements of modernity unique to Europe, and search for their intellectual origins.
The U.S.-China relationship will be the most important bilateral relationship in world politics for some time to come. It is thus imperative that relations with China's new leaders start out in a way that offers something positive for both sides. "Getting tough" with China may sound like good politics, but it is bad policy.
The Ex-Im Bank’s facade of boosting exports and creating jobs is not well supported by its own data. The actual effect of the bank’s activity is the creation of perverse incentives, moral hazards, and inefficient outcomes that has become a fund for corporate welfare. It is worth questioning whether the United States, with mounting debt problems and the possible expiration of the Ex-Im Bank’s reauthorization, needs yet another agency to subsidize companies with taxpayers picking up the tab.
Antony Davies is associate professor of economics at Duquesne University and Mercatus Affiliated Senior Scholar at George Mason University. His primary research interests include econometrics, public policy, and economic psychology.