Free Trade

Monday, June 24th, 2019

The Wonderland of sincere protectionists is truly a crackpot unreality.

Thursday, June 20th, 2019

The trade war is heating up. Unfortunately, the Fed’s current framework will exacerbate the damage.

Monday, June 17th, 2019

If a government manages to undervalue its currency in terms of foreign currencies, it subsidizes the consumption of foreigners who purchase its country’s exports. And while gains are reaped by those of its citizens who work to supply goods for export, currency undervaluation makes most of that country’s citizens poorer.

Friday, June 14th, 2019

Because this is a tool the president can actually use — and because it bypasses the much more difficult task of having to persuade Congress of the merits of his ideas — Trump is using the tariff weapon more and more to address matters further and further removed from trade.

Wednesday, June 12th, 2019

In this he is no less of an economic tyrant than, say, Nicolas Maduro, the socialist dictator of Venezuela. He, too, rules by command and decree.

Monday, June 10th, 2019

If we persist in reducing their brilliant progress to anything other than hard work being matched with freedom, we risk turning the biggest consumers of all things American against the United States. The economic consequences for the American people will be unfortunate.

Monday, June 10th, 2019

Trump has pontificated on trade for decades, with words that reveal him as a clichéd economic nationalist.

Sunday, June 9th, 2019

The Trump administration pulled back from the brink of disaster in trade relations with Mexico — but there is reason to doubt that this unusual display of good sense indicates a change in intellectual orientation, much less a lasting shift in policy. The man-made trade mess of the last year and a half is likely to get more bizarre before it gets better.

Wednesday, June 5th, 2019

Should these threatened tariffs come to pass, it will be hard to argue that we have seen a more anti-business U.S. President, from either party, in recent memory.

Tuesday, June 4th, 2019

The greatest risk to the US dollar may, in fact, come from within. The imposition of tariffs and sanctions create an opportunity for other countries to engage in bilateral trade. The decision to withdraw from the free trade initiatives such as the TPP and T-TIP weakens not only the prospects for US trade but also the preeminent position of the US dollar.

Monday, June 3rd, 2019

The U.S. has chosen to attack arguably the most creative and powerful and best-led capitalist company in China.

Monday, May 27th, 2019

Knowing and seeing the pattern here makes it no less alarming but it does help reveal that these economic/political cycles are not arbitrary. And if history is our guide, we can also see that the efforts of the reactionaries against freedom will fail.

Sunday, May 26th, 2019

Fortunately for us, this might be a temporary detour away from the long pattern of the expansion of global trade. The damage could be lasting, however. 

Monday, May 20th, 2019

When you play politics with international trade, you play a very dangerous game that can result in vast collateral damage.

Monday, May 13th, 2019

Surely allowing millions of American and Chinese businesses and consumers to freely cooperate would have created more wealth than one veteran dealmaker tightening his grip.

Sunday, May 5th, 2019

The prospect that the US president would conclude that tariffs cause growth has always been the downside of good economic numbers. Good performance of the macroeconomy only encourages his worst instincts to impose more harmful trade policies.

Wednesday, April 17th, 2019

The carnage of the trade war is everywhere but doesn’t always make the headlines. Consider for example the export markets for American liquor.

Monday, April 8th, 2019

Faced with the current resurgence of protectionist “thinking” prevalent in the United States, we free traders must fight back by more clearly, boldly, and frequently stating the truth about free trade.

Wednesday, March 20th, 2019

The real “America First” approach would be to just do the most American thing of all: to implement an agenda on individual liberty, personal responsibility, and a (very) limited government.

Friday, March 15th, 2019

Anyone who maintains that a $75 billion income tax cut helps the economy must also agree that a tariff hike of $45 billion or more must harm the economy. This study looks back on the unprecedented developments in international trade that happened in 2018.