How Global Economic Shifts Changed the Wine Industry — For Better and For Worse

Two Professors Argue About the Invisible Hand - And Both Get it Wrong too

Howard Richman submits:In the June 13 American Spectator, Jed Babbin, former deputy undersecretary of defense under George H.W. Bush, correctly pointed out that China is using mercantilism in order to build up its power. He wrote:

From the New World Encyclopedia:

Joel, a loyal MR reader, asks me:

Timothy B. Lee -- Writer with Ars Technica and the Cato InstituteIf you're driving through certain West African countries, you'll be stopped every few miles by armed men--often in police uniforms--who will demand payment in exchange for letting you pass.

David French, Senior Vice President of the National Retail Federation, the major industry group lobbying for the so-called “Marketplace Fairness Act,” (more aptly named the “National Internet Tax Mandate”) recently commented that “….the law [governing Internet sales] today is a 20th-century interpretation of an 18th-century document….&rdqu

The Jets have the seventh pick in the second round of the NFL draft. However, according Adam Schefter of ESPN.com, they are trying to trade for an earlier pick, and they may be targeting Geno Smith.

In all the hoopla surrounding the ongoing soap opera that is US-Korea FTA, many of us have lost sight of another completed-and-signed-yet-still-not-implemented-for-no-good-reason deal - the US-Colombia FTA.  Fortunately for us, the WSJ's Mary Anastasia O'Grady helpfully reminds us today about Colombia.  Her column is definitely worth reading in full, but here are my favorite parts: