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Max Gulker

Rent-Seeking Is Alive and Well in Trump’s Tariffs

Rent-seeking is a problem that those on the left should have to answer for whenever they propose extensive new regulations. But as President Trump’s recent steel tariffs show, the problem knows no political ideology, and is an inevitable occurrence at the friction point between personal connections and power. The only way out, it would seem, would be to greatly reduce the very power to regulate.

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Donald J. Boudreaux

What Is Mercantilism?

I do not deny that countless other modern-day politicians are also mercantilists. But this fact doesn’t mean that Trump is less of a mercantilist than he really is. He is a poster-boy for modern-day mercantilism.

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