Kelly Shultz discusses George Shultz’s career and his thoughts on issues that have transpired since his time within the Reagan administration.

Five myths cloud our perception of both the past and the present. (1) The “robber baron” myth which holds that in late nineteenth-century America there were powerful men who became rich at the...

If free trade is so good, why is protectionism so popular? Part of the answer lies in a simple political principle — interests that are concentrated (those of the producer) are more politically...