In Commonplace, Nicholas Phillips takes on the new trope that import tariffs serve the interests of the “deep state” that populists want to dismantle. It’s the opposite, Phillips argues: the current regime of “free” trade (in fact, heavily rules-bound and highly unequal) has been concocted main by unelected officials and little-known bureaucratic agencies – the deep state’s very pillars. They are now terrified by a democratically elected, pro-tariff President and are grasping for ways to avoid losing control.

Javier Milei Makes Fools of the “Experts”
As it began looking like Javier Milei might actually be elected President of Argentina, more than 100 leading international economists warned that this “far-right” political “wrecking ball” would “cause ‘devastation,’ spike inflation, expand poverty, and unemployment.” But as David Harsanyi relates in the Washington Examiner, Milei has tamed inflation, balanced the budget, shrunk the bureaucracy, deregulated the economy, driven down poverty and repaid billions in U.S. loans. And now, Harsanyi notes, Argentina is starting to boom.

