Looking for smart policy ideas for a growing world? Subscribe to the Mercatus Policy Download for all policy, no punditry, and a path forward. Looking to connect with a scholar you heard on the Download? Email Kate De Lanoy of our Media team at firstname.lastname@example.org.Here's to growth!
Looking for smart policy ideas for a growing world? Subscribe to the Mercatus Policy Download for all policy, no punditry, and a path forward. Looking to connect with a scholar you heard on the Download? Email Kate De Lanoy of our Media team at email@example.com.Here's to growth!
The Global Philosopher: Should Borders Matter?. Michael Sandel explores the philosophical justifications made for national borders. Using a pioneering state-of-the-art studio at the Harvard Business School, Professor Sandel is joined by 60 participants from over 30 countries in a truly global digital space. Is there any moral distinction between a political refugee and an economic migrant? If people have the right to exit a country, why not a right to enter? Do nations have the right to protect the affluence of their citizens? And is there such a thing as a 'national identity'? These are just some of the questions addressed by Professor Sandel in this first edition of The Global Philosopher.Audience producer: Louise ColettaProducer: David EdmondsEditor: Richard Knight(Image taken by Rose Lincoln)
#138 — The Edge of Humanity. In this episode of the Making Sense podcast, Sam Harris speaks with Yuval Noah Harari about his new book “21 Lessons for the 21st Century.” They discuss the importance of meditation for his intellectual life, the primacy of stories, the need to revise our fundamental assumptions about human civilization, the threats to liberal democracy, a world without work, universal basic income, the virtues of nationalism, the implications of AI and automation, and other topics. You can support the Making Sense podcast and receive subscriber-only content at SamHarris.org/subscribe.
#32 Earning Your Stripes with Patrick Collison. On this episode of the Knowledge Project Podcast, I chat with Patrick Collison, co-founder and CEO of the leading online payment processing company, Stripe. If you’ve purchased anything online recently, there’s a good chance that Stripe facilitated the transaction. What is now an organization with over a thousand employees and handling tens of billions of dollars of online purchases every year, began as a small side experiment while Patrick and his brother John were going to college. During our conversation, Patrick shares the details of their unlikely journey and some of the hard-earned wisdom he picked up along the way. I hope you have something handy to write with because the nuggets per minute in this episode are off the charts. Patrick was so open and generous with his responses that I’m really excited for you to hear what he has to say. Here are just a few of the things we cover: The biggest (and most valuable) mistakes Patrick made in the early days of Stripe and how they helped him get better The characteristics that Patrick looks for in a new hire to fit and contribute to the Stripe company culture What compelled he and his brother to move forward with the early concept of Stripe, even though on paper it was doomed to fail from the start The gaps Patrick saw in the market that dozens of other processing companies were missing — and how he capitalized on them The lessons Patrick learned from scaling Stripe from two employees (he and his brother) to nearly 1,000 today How he evaluates the upsides and potential dangers of speculative positions within the company How his Irish upbringing influenced his ability to argue and disagree without taking offense (and how we can all be a little more “Irish”) The power of finding the right peer group in your social and professional circles and how impactful and influential it can be in determining where you end up. The 4 ways Patrick has modified his decision making process over the last 5 years and how it’s helped him develop as a person and as a business leader (this part alone is worth the listen) Patrick’s unique approach to books and how he chooses what he’s going to spend his time reading ...life in Silicon Valley, Baumol’s cost disease, and so, so much more. Patrick truly is one of the most warm, humble and down to earth people I’ve had the pleasure to speak with and I thoroughly enjoyed our conversation together. I hope you will too! *** For comprehensive show notes on this episode, including a full edited transcript, go to https://www.fs.blog/podcast/ My free weekly Brain Food digest helps you upgrade your thinking. Don't miss out, sign up at https://www.fs.blog/newsletter/ Follow Shane on Twitter (https://twitter.com/farnamstreet)
Airbnb's Brian Chesky in Handcrafted. If you want your company to truly scale, you first have to do things that don't scale. Handcraft the core experience. Get your hands dirty. Serve your customers one-by-one. And don't stop until you know exactly what they want. That's what Brian Chesky did. As CEO of Airbnb, Brian’s early work was more akin to a traveling salesman. He takes us back to his lean years – when he went door-to-door, meeting Airbnb hosts in person – and shares the imaginative route to crafting what he calls an "11-star experience.”
Rank #1: Peter Boettke and Bruce Caldwell on History of Economic Thought. In areas of academia the history of economic thought has fallen out of favor, but today's guest on the Hayek Program Podcast argues that a place still exists for it. Join us as Bruce Caldwell and Peter Boettke tackle the history of economic thought and its place within the discipline of economics.Show Highlights:- Bruce Caldwell's experience with history of economic thought- Peter Boettke's story about trying to save history of economic thought at NYU- Why the ability to teach history of economic thought can boost a scholar's career- The joys and frustrations of archival research.CC Music: TwisteriumMusic from https://filmmusic.io"Odyssey" by Kevin MacLeod (https://incompetech.com)License: CC BY (http://creativecommons.org/licenses/by/4.0/)
Rank #2: "The History and Importance of the Austrian Theory of the Market Process" with Israel M. Kirzner. Mercatus Center Academic & Student Programs recently hosted the 2016 Advanced Austrian Seminar at which Dr. Israel M. Kirzner, Professor Emeritus of Economics at New York University, delivered the keynote lecture, “The History and Importance of the Austrian Theory of the Market Process.” In this talk, Professor Kirzner examines the history of thought in Austrian economics, specifically focusing on the developments in the 20th century, to develop a link between the Austrian theory of the market process and the notion of subjectivism as the central idea in Austrian economics.
Rank #1: 123 – Adam Posen on Trade, Inflation Targeting, and Central Bank Independence. Adam Posen is the president of the Peterson Institute for International Economics and was formerly senior fellow at the Bank of England, helping set monetary policy between 2009 and 2012. Adam has also worked at the New York Federal Reserve, has advised many central banks and governments, and is an accomplished scholar in the field of macroeconomics. He joins the show today to discuss some of his research as well as the work of the Peterson Institute. David and Adam also discuss central bank independence, trade policy under the Trump regime, and the differences between the Federal Reserve and the Bank of England. Adam’s Twitter: @AdamPosen Adam’s Peterson Institute profile: https://piie.com/experts/senior-research-staff/adam-s-posen Related Links: *Inflation Targeting: Lessons from the International Experience* by Ben Bernanke, Thomas Laubach, Frederic Mishkin, & Adam Posen https://press.princeton.edu/titles/6380.html *The Post-American World Economy: Globalization in the Trump Era* by Adam Posen https://www.foreignaffairs.com/articles/united-states/2018-02-13/post-american-world-economy David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth
Rank #2: 01 - Scott Sumner on *The Midas Paradox*, the Fed, and More. Welcome to Macro Musings, a new podcast exploring the important macroeconomic issues of the past, present, and future. In the inaugural episode, Scott Sumner joins host David Beckworth to talk about Scott's new book *The Midas Paradox*, which advances a bold new explanation of what caused the Great Depression. They also discuss Scott's path into macro and monetary economics as well as what the Fed got wrong in 2008. David's blog: http://macromarketmusings.blogspot.com Scott's blog: http://www.themoneyillusion.com/ Links from today's conversation: http://www.amazon.com/The-Midas-Paradox-Government-Depression/dp/1598131508 http://www.nytimes.com/2016/01/27/opinion/subprime-reasoning-on-housing.html?_r=0
Rank #1: White Nationalism ft. Zack Beauchamp. Zack Beauchamp joins the show to talk about the recent mass shootings and white nationalist ideology. We discuss the recent rise in white nationalist attacks and white nationalism's ties to American history and the conservative movement. If you enjoy the podcast, please consider supporting us at Patreon.com/neoliberalproject. Patrons get access to exclusive bonus episodes, our sticker-of-the-month club and community Slack. Join today!
Rank #2: Revolt of the Public ft. Martin Gurri. Colin sits down with Martin Gurri to talk about his new book, Revolt of the Public. Martin's book explains why we are in the political moment we are in, and offers clues on how to build a Neoliberal political movement in this day and age. This March 22-24 will be the Radicalxchange conference in Detroit Michigan. Founded by Glen Weyl who has been on the podcast before, this conference will be the kickstarting of a Radical Markets movement that seeks to reinvent Liberalism. We have a special offer for Neolib Podcast listeners who would like to attend. Head over to RadicalxChange.org and use code "Neoliberal" with a capital N to get more than 50% off of admission price. This offer won't last long as is limited to 30 people. We hope to see you there. This podcast is possible because of our supporters on Patreon. If you want bonus episodes and stickers each month head over to Patreon.com/neoliberalproject.
Rank #1: Deep Dive 41 – General Data Protection Regime & California Consumer Privacy Act. Episode 40 of the Free Lunch Podcast brings you the recording of the first panel from the Pepperdine Law Review's 2019 Symposium "Regulating Tech: Present Challenges and Possible Solutions".In this panel, the speakers discuss the implications of internet privacy legislation in both California and Europe on innovation, small businesses, and consumer protection.Featuring: - Anna Hsia, Head of West Coast Office, ZwillGen (Moderator)- Thomas Hazlett, Hugh H. Macaulay Endowed Professor of Economics, Clemson College of Business- Matthew R. A. Heiman, Senior Fellow and Associate Director for Global Security, National Security Institute- Justin “Gus” Hurwitz, Associate Professor of Law and Co-Director of Space, Cyber, and Telecom Law Program, Nebraska College of Law- Chris Riley, Director, Public Policy, MozillaVisit our website – https://RegProject.org – to learn more, view all of our content, and connect with us on social media.
Rank #2: Deep Dive 52 – Race In Admissions: Texas Tech Medical School. The Texas Tech Medical School recently approved an agreement with the United States Department of Education's Office for Civil Rights, to end the use of racial preferences in their admissions process. The agreement was reached after over a decade of negotiation, initiated by a complaint filed by the Center for Equal Opportunity against Texas Tech in 2004. The agreement is a promising sign for opponents of racial preferencing in school admissions process, and could have significant implications for the future. Featuring:- Roger Clegg, President and General Counsel, Center for Equal OpportunityVisit our website – https://RegProject.org – to learn more, view all of our content, and connect with us on social media.
Rank #1: In Defense of Classical Liberalism (Among Other Things). Hoover Institution fellows Richard Epstein and Adam White discuss Richard’s recent essay for Defining Ideas, which defends classical liberalism against the recent critiques of conservative political philosopher Patrick Deneen and others. From there they move on to other critics of classical liberalism—namely, modern-day advocates for socialism. And finally they touch on Harvard Medical School’s removal of portraits of white men, and the debate over statutes honoring confederate soldiers. You can rate, review, subscribe, and download the podcast on the following platforms:Podbean | Apple Podcasts | RadioPublic | Overcast | Google Podcasts | Spotify | RSS
Rank #2: Constitutional Conflicts With Congress and the Supreme Court. In Georgia and Alabama, state legislatures have enacted laws on abortion, perhaps teeing up new legal challenges to the Supreme Court’s Roe v. Wade precedent. Meanwhile, in Washington, the House Democrats’ subpoenas to President Trump’s former White House Counsel and to his longtime accountants are sparking debates and litigation over the scope of Congress’s investigative powers and the options for presidential immunity against such investigations. Hoover fellows Richard Epstein and Adam White discuss these political and legal conflicts. You can rate, review, subscribe, and download the podcast on the following platforms:Podbean | Apple Podcasts | RadioPublic | Overcast | Google Podcasts | Spotify | RSS
Rank #1: Are Women Being Underpaid?. Do women get paid 80 cents on the dollar compared to men? That figure has been a political football, but is it overagreggated? How much are pay differences a matter of employer bigotry versus employee choice? FEEcast discusses this hot button issue. Show Notes: Harvard Study: "Gender Wage Gap" Explained Entirely by Work Choices of Men and Women Truth and Myth on the Gender Pay Gap The Wage Gap Between Men and Woman Virtually Disappears When Differences in Behavior Are Taken into Account Not All Gender Pay Gaps Are Worth Worrying About
Rank #2: Do we have a “Truth Crisis” in America?. With the 24-hour news media, countless blogs and videos, and near-infinite social media commentary, there’s a lot of noise out there. As a society, we are all struggling to combat disinformation, or “fake news,” and get at the truth. Of course, that’s easier said than done. Joined by guest Jon Miltimore, the FEEcasters discuss how to combat fake news and how constant advisories on everything from romaine lettuce to FBI Russia investigations begin to lose their sense of importance. Show Notes: Daryl Davis: Making Friends From Enemies There’s No Such Thing as “Her Truth” or “His Truth”—Only the Truth George Orwell: Looking back on the Spanish War
Rank #1: Ep 48: Will a Good Economy Save Trump?. Conventional wisdom holds that Trump won the 2016 election by appealing to voters left behind in Obama's economy and may win re-election based on a stronger economy in 2020. But new research casts doubt on both stories. Sean Freeder finds that the effect of economic performance on the president's re-election has been declining since the 1980s because citizens both misperceive the economy and selectively credit the president to match their partisan bias. Robert Griffin finds that 2016 Trump supporters were actually better off than Clinton supporters, especially racial minorities, once you minimize the effect of partisan bias. And real economic distress may still hurt Trump in 2020.
Rank #2: Explaining the Urban-Rural Political Divide. Our geographic divides are central to contemporary politics, including the election of Donald Trump. Election maps show dense liberal cities in a sea of sparsely-populated Red, advantaging Republicans in our geographic electoral system. Why are Democrats concentrating in cities? Jonathan Rodden finds increasingly concentrated left parties around the world, disadvantaging liberal cities. It started with unionized industrial railroad hubs but accelerated with the changing cultural values of the party’s new coalitions. Will Wilkinson finds urban and rural areas are becoming economically and psychologically distinct, with cities concentrating those open to new experience and working in the technology-driven economy and rural areas retaining those averse to social and economic change.Studies: "Why Cities Lose" and "The Density Divide"Interviews: Jonathan Rodden, Stanford University; Will Wilkinson, Niskanen Center
Rank #1: Tyler Cowen on Big Business. Tyler Cowen, professor of economics, blogger at marginalrevolution.com, columnist for Bloomberg, host of Conversations with Tyler and author of numerous books returns to the Not Unreasonable Podcast to talk about his latest book, Big Business: a Love Letter to An American Anti-Hero. All too rarely do you get a tour of how incredibly strong the evidence is that everyday truths are what they are: big business actually exists for a reason because it mostly does exactly what we need: provide goods and services at affordable prices with reasonably good service. What's more is that big business is the source of all kinds of benefits to America and to human society generally. It's even better than you think! In the show we cover:- where businesses fit into the social intuition of the human mind- similarities between how we treat famous people and big business and what another of Tyler's books, *What Price Fame* can teach us about big business- What is good management and what effects does management have on employees?- How the book is an American book and how it is NOT a Chinese book- Crony capitalism doesn't exist here, but where might it exist in the world?- Wall Street and Financial Dark Matter- How Tyler views the firmAll this and much more! See show notes at notunreasoanble.com
Rank #2: Managing Hedge Funds, Insurers and Reinsurers with Todd Hart. Todd has had the following jobs: political campaigner, investment banker, hedge fund trader, hedge fund portfolio manager, private equity investor, reinsurance company CEO, insurance company CEO and stay at home dad. I've known Todd for many years and have always admired his level-headed attitude towards complicated problems and what otherwise might be very difficult situations.You can be smart and hard working, and Todd is both those things, but to me is he is more of a model for *how* to be smart and hard working. In the interview I want you to listen for evidence in the more universal qualities that set Todd apart: curiosity, optimism and a fundamental decency especially towards people that work for him and with him. Sign up for the mailing list at notunreasonable.com/signup. See older show notes at notunreasonable.com/podcast.
Rank #1: EP23 If you want freedom you need energy - Scott Tinker. Dr. Kevin Roberts interviews Dr. Scott Tinker, director of the Bureau of Economic Geology at the University of Texas, about the effects of energy poverty and how it threatens the freedoms and liberties we enjoy. Listen as they discuss the pros and cons of renewables and what they mean for the future our energy landscape. Program correction: Scott said that West Texas has 23,000 gigawatts of wind energy capacity. He meant to say it has 23 gigawatts (23,000 megawatts)
Rank #2: EP13 Charter schools, a solution to american education? . Dr. Kevin Roberts interviews Sam Duell the Associate Policy Director for Charter Schools ExcelinEd about how charter schools help improve educational opportunities for students and the policy changes needed to accomplish this goal.al.
Rank #1: Prices Are Too Damn High (with Alexander Tabarrok). One of the most remarkable aspects of the last few generations is that for the first time in human history, at least to this degree, stuff has been getting cheaper while human labor gets more valuable. It’s a technology-enabled humanist revolution! At the same time, labor-intensive sectors like healthcare and education have become more expensive relative to the declining price of goods. Economists call this the “Baumol effect,” though it’s sometimes referred to as the “cost disease.” But economist Alex Tabarrok joins the show to discuss how that curse might actually be a blessing in disguise and how the Baumol effect radically disrupts our preconceived notions about effective government policies.Why are some prices getting higher while innovation causes the lowering of other prices? Why has the price of education gone up? What is the Baumol Effect? How can we substitute for skilled labor?Further Reading:Why Are the Prices So Damn High?, written by Eric Helland and Alexander TabarrokMarginal RevolutionStubborn Attachments, written by Tyler CowenRelated Content:The Automation Revolution is Upon Us, Building Tomorrow PodcastWill Artificial Intelligence Take Your Job?, Building Tomorrow PodcastOn Innovation: Don’t Ask for Permission, Building Tomorrow Podcast
Rank #2: Why is Rent so Damn High?. If you’ve ever lived in a city like NYC or San Francisco you’re all too familiar with the incredible cost of housing. A studio apartment might cost as much to rent as a single family home out in the suburbs or a smaller town. While some of that additional cost is just the price we pay for living in desirable locations with abundant job opportunities, a surprising amount of that cost is entirely unnecessary. Bad regulatory policies are the cornerstone of the crisis of affordable housing in America today. Zoning boards keep housing density low, meaning shortages of housing supply in the face of rising demand, a classic recipe for skyrocketing prices. Salim Furth from the Mercatus Center joins Paul Matzko to discuss the causes, consequences, and possible fixes for the housing affordability crisis.What can we fix so that housing prices become lower? What does it take to build a home in the U.S.? What power does the local government have in the housing market? How are zoning regulations affecting cities? What is the YIMBY movement? What is a thick labor market and how does it support housing? How should you engage with local politics?Further Reading:The Two-Board Knot: Zoning, Schools, and Inequality, written by Salim FurthThe Link Between Local Zoning Policy and Housing Affordability in America’s Cities, written by Kevin Erdmann, Salim Furth, and Emily HamiltonOrder without Design: How Markets Shape Cities, written by Alain BertaudRelated Content:How Government Housing Policy Distorts the American Dream, Free Thoughts PodcastIs Amazon HQ2 Worth It?, Building Tomorrow Podcast
Rank #1: Unschooling and Encouraging Self-Directed Children. For many children, compulsory education and authority figures tend to inadvertently turn off their sense of curiosity and wonder about the world. Additionally, assigned districts can limit school choice for many parents and mandatory curricula can put unnecessary stress on educators. Are there solutions to these problems within the current framework? Is there any evidence to support changing the way we approach schooling to benefit children, parents, and teachers? Where did all these mandates originate? Join Antony Davies, James Harrigan, and special guest Kerry McDonald, author of Unschooled, as they discuss the public school system and more on this week’s episode of Words & Numbers. Show your support for Words & Numbers at Patreon: https://www.patreon.com/wordsandnumbers Quick hits: Beach umbrellas https://www.insidernj.com/press-release/menendez-urges-aggressive-action-protect-beachgoers-dangers-flying-beach-umbrellas/ https://www.nsc.org/in-the-newsroom/nsc-statement-on-new-cdc-data-showing-a-rise-in-accidental-death Candidates reticent to mention Obama https://www.theatlantic.com/ideas/archive/2019/07/democrats-want-have-it-both-ways-barack-obama/595270/ Foolishness of the week: Soy sauce https://www.9news.com.au/national/soy-sauce-could-be-banned-under-alcohol-sales-restrictions-in-the-northern-territory/71ef616f-778a-4c24-bf95-a63e2627b00f Topic of the week: Unschooling: Kerry McDonald https://fee.org/people/kerry-mcdonald/ Unschooled: Raising Curious, Well-Educated Children Outside the Conventional Classroom https://www.amazon.com/gp/product/1641600632/ Join the conversation: Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ Let us know what you think mailto:firstname.lastname@example.org Antony Davies on Twitter https://twitter.com/antonydavies James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan
Rank #2: Can Comedy Change the World?. In today's strange climate of political correctness, free speech exists in a weird place. Safe spaces, First Amendment zones, the attitude of victimization, and accusations that "your fav is problematic" abound. And yet, important things, challenging things, dangerous things still need to be said and are being said. One critical "loophole" for dodging the would-be censors to get these ideas out into the world is comedy. Comedians live in a peculiar kind of in-between that allows for a certain audacity in messaging that doesn't quite exist for, say, politicians or activists. Special guest Lou Perez from We The Internet joins James and Antony to talk about messaging, humor, and more on this week's episode of Words and Numbers. Quick hits More registered voters than citizens https://www.nationalreview.com/2017/08/election-fraud-registered-voters-outnumber-eligible-voters-462-counties/ UK bans straws https://www.reuters.com/article/us-britain-chogm-plastic/britain-to-ban-sale-of-plastic-straws-in-bid-to-fight-waste-idUSKBN1HP338 https://www.theguardian.com/environment/2018/apr/16/scientists-accidentally-create-mutant-enzyme-that-eats-plastic-bottles Toastabag https://www.youtube.com/watch?v=j2KxiFL8XsA Foolishness of the week New Yorker complains about Chik-fil-A https://www.newyorker.com/culture/annals-of-gastronomy/chick-fil-as-creepy-infiltration-of-new-york-city Topic of the week: Free Speech with Lou Perez http://www.louperez.net/ https://twitter.com/LOUontheSUBWAY
Rank #1: A Conversation with Roger Scruton on How to be a Conservative. This conversation with Roger Scruton engages his defense of the conservative disposition. Scruton’s just-released book, How to be a Conservative, might be said to take on the challenge Friedrich Hayek issued in his famous essay “Why I Am Not a …
Rank #2: The Peronist Pope Francis: A Conversation with Daniel Mahoney. Daniel Mahoney discusses Pope Francis's approach to the papacy and world politics.
Rank #1: Ep. 105: The Last Liberty Chronicles. Today Anthony Comegna (@DrLocoFoco) leaves us with one final message as we end chronicling liberty: “I certainly will continue my own end of the deal we have struck here—you couldn’t drag me away from my Locofocos, my Spiritualists, my Free Love anarchists, or my radical English Dissenters, to name just a few—but I’ll close with one final plea to each of you: History is not an instruction manual; it is a cautionary tale. No intellectual tradition, no set of good or just ideas, no heroes nor villains are ever remembered unless we do the labor of memory. Our tradition, our ideas, our tales of heroes and our villains all deserve to be remembered, and we deserve to learn from their examples.”Be sure to check back with libertarianism.org to learn about our new history adventures in the coming months.Our Most Memorable Episodes:Eggnog Riot!!The Possession of Frances WhippleReasonable Crimes: Humanizing PiratesThere’s No Excuse for Slavery (Updated)
Rank #2: Ep. 01: A Neglected Anniversary. Welcome to the first installment of Liberty Chronicles!Everything you were taught about why the world is the way it is was planted in your mind. What does the development of the bathtub have to do with how we think about history? On first glance, it might seem to contribute very little. It is, after all, only a mundane and humble tub.Further Reading:For a history of the history of the bathtub, see: Wendy McElroy, “The Bathtub, Mencken, and War” https://fee.org/articles/the-bathtub-mencken-and-war/
Rank #1: Introduction from Romance of the Rails. Listen to the introduction from Randal O'Toole's new book Romance of the Rails: Why the Passenger Trains We Love Are Not the Transportation We Need.Read the Introduction from Romance of the Rails: Why the Passenger Trains We Love Are Not the Transportation We Need.
Rank #2: A World Imagined: Nostalgia and Liberal Order. Recent political tumult and the election of Donald Trump to the U.S. presidency have driven anxious commentators to lament the collapse of a post-1945 “liberal world order.” Nostalgic for the institution building and multilateral moment of the early postwar era, they counsel Washington to restore a battered tradition, uphold economic and security commitments, and promote liberal values. On closer inspection, while it is true that the postwar world was more prosperous and peaceful than what came before, the claim that a unitary “liberal order” prevailed and defined international relations is both ahistorical and harmful. It is ahistorical because it is blind to the process of “ordering” the world and erases the memory of violence, coercion, and compromise that also marked postwar diplomatic history. It loses sight of the realities and limits of the exercise of power abroad, the multiplicity of orders that arose, and the conflicted and contradictory nature of liberalism itself. While liberalism and liberal projects existed, such “order” as existed rested on the imperial prerogatives of a superpower that attempted to impose order by stepping outside rules and accommodating illiberal forces. “Liberal order” also conflates intentions and outcomes: some of the most doctrinaire liberal projects produced illiberal results. This nostalgia is harmful because framing the world before Trump in absolute moral terms as a “liberal order” makes it harder to consider measures that are needed to adapt to change: the retrenchment of security commitments, the redistribution of burdens among allies, prudent war-avoidance, and the limitation of foreign policy ambitions. It also impedes the United States from performing an increasingly important task: to reappraise its grand strategy in order to bring its power and commitments into balance.