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State of the Nation: Progressives, Conservatives, and Trump

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Anyone reading the news and especially the political “liberal” and conservative commentaries might easily conclude that he is living in a world of two parallel political universes. It is as if modern American liberals and conservatives are, respectively, occupying alternative realities about how they look at the economy and culture of the country, and evaluate Donald Trump and his ...

Capitalism and How Expectations Coordinate Markets

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Open, competitive markets have a resilient capacity to successfully coordinate the actions of, now, billions of people around the world. With an amazing adaptability to changing circumstances, the actions and reactions of multitudes of suppliers and demanders are brought into balance with each other. Yet, none of this requires government planning, regulation or directing control. But how does this ...