In a series of posts at the Cafe Hayek blog, Don Boudreaux has patiently tried to explain to some of his skeptical readers the simple economic reality that “exports are costs.” I offer some reinforcement to help explain why exports are what we have to give up (i.e., a cost) to get imports, and bring in some additional reinforcement from a 1978 lecture by Milton Friedman.

Basel III bank capital regulations were created in response to the 2008 financial crisis and prevent the failure of systemically important financial institutions. Basel III includes a discretionary countercyclical capital buffer.  The countercyclical capital buffer has not been used in the United States, but the Federal Reserve is considering activating it.

By developing a better understanding of barriers and solutions in criminal justice reform we are better positioned to maximize and expand opportunity through the development and dissemination of research and community-based work in fragile communities across the country.

As the US presses its allies to join in banning Huawei products from their communications networks, tough decisions need to be made by political leaders, and economic casualties will inevitably be caught in the crossfire.

The data makes it abundantly clear that a very small, extremely liberal group makes a lot of noise both online and on the ground.

Quotation of the day is from Walter E. Williams on blaming discrimination for black people’s problems.

If a government elects to pay for a greater share of each student’s college education, something else usually has to give.

US Reps Ayanna Pressley (D-MA), Ilhan Omar (D-MN), Rashida Tlaib (D-MI) and Alexandria Ocasio-Cortez (D-NY) hold a news conference after Democrats in the U.S. Congress moved to formally condemn President Donald Trump's attacks on the four minority congresswomen on Capitol Hill in Washington, US REUTERS/Erin Scott

Netanyahu is playing into a propaganda trap by allowing Omar and Tlaib to suggest that the reality of Israel is as they depict it to be, rather than the thriving democracy it is.

For perhaps the first time in living memory, Team Kim is being outmaneuvered by the Americans in their zero-sum contest.

Sally Satel reviews “Fraud in the Lab” and urges researchers to continue to confront research fraud and misconduct.

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