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By David A. Clarke Jr.
Planning for the last attack doesn't make Americans safer
Topic - Richard W. Rahn
Richard Rahn's piece ("How to make the government behave," Commentary, July 23) is too good-natured. We would not be vexed by the overreach of petty officials if polite correspondence could cut through their intransigence.
A lot of money is about to leave the United States. Because of a few rogue bureau crats at the Internal Revenue Service (IRS) acting without congressional authority, American financial institutions can expect to see a massive outflow of foreign capital next year.
Economic theory ignores reality
Imposing morals in the military
Richard Rahn made the common mistake of confusing academic theory with reality when he wrote "citizens of the United States are better off buying Chinese-made shirts and the Chinese are better off buying U.S.-made Boeing 747s" ("Trading in recklessness," Commentary, Wednesday).
In a dynamic world, comparative advantage is created, not just discovered in nature as the classical economists Mr. Rahn quotes seemed to believe.