Rising Protectionism Signals Decline of Free Markets and Return to Flawed Homeland Economics

Protectionism, subsidies, and regulation are on the rise as free markets fall out of favor.

Homeland economics misdiagnoses problems, overburdens states, and will hinder innovation.

Supply chains and markets have proven resilient, while state planning has struggled.

Fiscal restraint is needed more than ever, but expanding entitlements make it unlikely.

Disillusionment with homeland economics is inevitable, but classical liberals must prepare alternatives.