By Peter C. Earle Trucking and transportation firms more broadly are both seasonal and cyclical businesses, and some of the earliest signs of damage from the current administration’s trade war with China are beginning to reveal themselves. Traditionally a leading indicator, transportation and shipping data often take two to three quarters to show up in broader national … [Read more...] about Tariffs Accelerate Trucking and Shipping Slide
Peter Earle
Stateless in the Walled City of Kowloon
By Peter C. Earle Twenty-five years ago, the most successful 20th-century experiment in liberty — begun inadvertently, as always — came to an end. In April 1994, demolition of the taxless, unregulated, autonomous capitalist enclave known as the Walled City of Kowloon was completed, ending nine decades of an unparalleled experiment in utter statelessness. Similar to the … [Read more...] about Stateless in the Walled City of Kowloon
What if Government Suddenly Disappeared?
By Peter C. Earle If the strange and little-known case of the condominium of Moresnet — a wedge of disputed territory in Northwestern Europe, and arguably Europe's counterpart to America's so-called Wild West — acts as our guide, we must conclude that there is an inverse relationship between the size and scope of government and the potential for both peace and … [Read more...] about What if Government Suddenly Disappeared?