Dear Readers,
Amid international market turbulence, this week, Craig Eyermann emphasizes the Congressional Budget Office’s warning about a fiscal crisis, as the interest on the national debt is poised to balloon.
Perhaps coincidentally, the public discourse about business itself is shifting, with some asking whether businesses should be more focused on social welfare. Kenneth Costello criticizes this trend of stakeholder capitalism and “corporate responsibility,” arguing it is missing the forest for the trees.
Allen Gindler analyzes why tariffs and trade deficits are such a misconception, using the humble café and hardware store to describe how open commerce comes more naturally than nationalists are willing to admit.
Scott Beyer describes how California's suffocating regulatory regime compares to medieval guilds that restricted entry and innovation.
Read more about these topics in the latest issue of Independent Weekly!
Jonathan Hofer
Managing Editor
