economics
During former President Donald Trump's term in office, he promised that higher tariffs on American imports would reduce the country's large trade deficit. At the time, many economists disputed that notion. Tariffs might marginally reduce the import side of the trade ledger, but they also reduce economic output (and therefore exports), so the net effect on the trade deficit was likely to be minuscule, they warned. No matter. In 2017, the White House's official Trade Policy Agenda highlighted how America's manufacturing trade deficit had grown from $317 billion in 2000 to $648 billion in 2016. T...
Reason
Today's guest is John Mackey, the co-founder and former CEO of Whole Foods, who just released his memoir, The Whole Story: Adventures in Love, Life, and Capitalism. As befits the entrepreneur who revolutionized grocery shopping from a grim, pragmatic necessity into an exciting, multi-sensory adventure, Mackey's story is far from conventional and we talk frankly about the failures, successes, and psychedelics he encountered while reshaping how Americans think about food, fitness, and free enterprise. We also discuss Love.Life, the chain of holistic health and wellness clubs he's opening this su...
Reason
In an interview published this week by The New York Times, Sen. J.D. Vance (R–Ohio) calls for a more muscular federal government to intervene even more aggressively in the economy than it already does, to create what Vance calls "incentives" for American workers. In doing so, Vance inadvertently reveals one of the major flaws in this line of analysis. Vance's opinions about these things carry significant weight, in no small part because he's on the shortlist to be Donald Trump's running mate. With an eye towards that possibility, the Times' Ross Douthat asked Vance to explain his "populist eco...
Reason
The following is the June 12, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukraine’s annual recovery conference happened this week in Berlin, but instead of talks of grand plans to rebuild the country, two dark clouds hung over the entire event. The first is Ukraine’s dire need for air defense as Russian attacks continue to devastate the country’s energy system and infrastructure. President Volodymyr Zelensky confirmed that Russian attacks have destroyed half of Ukraine’s energy...
Kyiv Independent
The following is the June 12, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukraine’s annual recovery conference happened this week in Berlin, but instead of talks of grand plans to rebuild the country, two dark clouds hung over the entire event. The first is Ukraine’s dire need for air defense as Russian attacks continue to devastate the country’s energy system and infrastructure. President Volodymyr Zelensky confirmed that Russian attacks have destroyed half of Ukraine’s energy...
Kyiv Independent (CA)
The following is the June 12, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukraine’s annual recovery conference happened this week in Berlin, but instead of talks of grand plans to rebuild the country, two dark clouds hung over the entire event. The first is Ukraine’s dire need for air defense as Russian attacks continue to devastate the country’s energy system and infrastructure. President Volodymyr Zelensky confirmed that Russian attacks have destroyed half of Ukraine’s energy...
Kyiv Independent (UK)
Editor’s note: This is issue 59 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from June 3–June 10, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. The IMF benchmarks in focusTime running out for Ukrainian authorities to adopt a draft law on relaunching the Bureau of Economic Security. The deadline for adopting of draft law #10439 on restarting the Bureau of Economic Security Bureau is set fo...
Kyiv Independent
Editor’s note: This is issue 59 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from June 3–June 10, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. The IMF benchmarks in focusTime running out for Ukrainian authorities to adopt a draft law on relaunching the Bureau of Economic Security. The deadline for adopting of draft law #10439 on restarting the Bureau of Economic Security Bureau is set fo...
Kyiv Independent (UK)
Editor’s note: This is issue 59 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from June 3–June 10, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. The IMF benchmarks in focusTime running out for Ukrainian authorities to adopt a draft law on relaunching the Bureau of Economic Security. The deadline for adopting of draft law #10439 on restarting the Bureau of Economic Security Bureau is set fo...
Kyiv Independent (CA)
My guest today is economist and podcaster Glenn Loury, whose new memoir is titled Late Admissions: Confessions of a Black Conservative. Born in 1948 and raised working-class in Chicago's predominantly African American South Side, Loury tells a story of self-invention, ambition, hard work, addiction, and redemption that channels Benjamin Franklin's Autobiography, Richard Wright's Native Son, Saul Bellow's The Adventures of Augie March, and Milton Friedman's Capitalism & Freedom. The first tenured black economist at Harvard, Loury emerged in the 1980s as a ubiquitous commenter on race and class ...
Reason
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