Capitolism

Every Wednesday, Scott Lincicome deciphers and explains how otherwise incomprehensible economic policies affect everyday Americans.

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Against Exclamation Inflation

The continuous distortion of an exclamation point’s value has been found to inflict an emotional toll on correspondents.

… But We Won’t Do That

When politicians have to choose between policy and politics, it’s no contest.

Recession, Schmecession

We’re wasting time fighting about definitions instead of working on solutions.

Checking In on China (and America’s Undeserved Crisis of Confidence)

The pandemic and economic policies that seemed to be fueling China’s rise now seem to be an anchor.

TPP Regrets, We’ve Had a Few

And they’ll continue indefinitely.

Big Tech’s Had a Rough Few Weeks. So Have Its Populist Critics.

Elon Musk’s acquisition of Twitter and other disruptions in the tech sector show how populist attacks are misguided.

America’s Infant Formula Crisis and the ‘Resiliency’ Mirage

U.S. policy has exacerbated the problem by depressing potential supply.

Is President Biden Trying to Boost Inflation?

He’s done little to reverse Trump-era tariffs, and now he wants to forgive student loan debt.

It’s the End of Globalization As We Know It (And That’s Probably Fine), Part 1

But it doesn’t mean we’re entering an era of deglobalization.

Why You Should (Almost) Never Wait in Line

We pay too little attention to ‘opportunity cost’—in our personal lives and in public policy.

Actually, America Isn’t ‘Energy Independent.’ (And That’s a Good Thing.)

Why does the U.S. trade so much energy? There are a few reasons.

An Unserious Plan for Serious Times

Reshoring our supply chains will not help with inflation.

Some Early Thoughts on Russia and Ukraine

The potential economic impact, an ascendant liberal order, and peace through commerce.