Free Trade

Free Trade and Globalization are Good for Your Health

– March 23, 2020

“Absurd” is way too weak a word to describe the supposition that we Americans possess 100 percent, or even anything close to a majority, of the world’s creative potential.

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Free Trade

Adam Smith’s Alleged “Exceptions” to a Policy of Unilateral Free Trade

– March 9, 2020

If you wish to win greater support for a policy proposal, it’s useful to draw your audience’s attention to famous and respected historical figures who, were they still alive, would almost surely join you in supporting that position. For example, if you …

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Free Trade

Free Trade in Ten Easy Points

– February 24, 2020

Several superb books, monographs, and papers are available to introduce non-economists to the positive economics of trade and to the normative case for a policy of unilateral free trade. And it’s a good thing. Today’s increasing eagerness of people acr …

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Free Trade

Unlike Oren Cass, F.A. Hayek Knew the Economics of Trade

– February 20, 2020

Quoting F.A. Hayek’s 1960 claim that free markets will bring about a “balance … between exports and imports,” Oren Cass argues that the string of annual U.S. trade deficits over the past 44 years proves that Hayek was wrong – that history has “broken” …

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Free Trade

The Attempt to Suffocate Huawei Is Foolish and Destined to Fail

– February 18, 2020

Readers of this column are familiar with this historical truth, but it’s worth repeating in light of the ongoing conservative crack-up over Chinese communications giant Huawei. For clarity on the matter, it should be stated right away that if you’re se …

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Free Trade

Free Trade Straw Men

– February 10, 2020

Few groups of policy pundits boast as many straw men slayers as does that of protectionists. Indeed, protectionists likely hold several world records for the number and variety of straw men whom they mow down and the frequency with which they perform this mowing.

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Free Trade

Can the Coronavirus End the Trade War?

– February 8, 2020

China’s decision to lower the tariffs it earlier imposed on U.S. goods, largely in response to Trump administration tariffs aimed at China, will help refill shelves for Chinese consumers and assist producers as they struggle to regain footing.

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Free Trade

The Huge Difference Between Boris Johnson and Donald Trump

– February 7, 2020

I have always thought that the comparison of United Kingdom Prime Minister Boris Johnson to US president Donald Trump was unfair to Johnson. And while admittedly I am no Boris Johnson expert, I do have his speech from February 3th to prove the injustic …

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Free Trade

The US Attack on China Does Not Deserve Public Support

– February 6, 2020

Whenever a state wages war against another state, it generally exaggerates the harm that the other state has perpetrated against it.

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Free Trade

Boris Johnson’s Beautiful Celebration of Free Trade

– February 5, 2020

In his February 3, 2020, speech at Greenwich, Johnson cited Adam Smith, David Ricardo, and Richard Coben, while paraphrasing Frederic Bastiat, casting shade on Trumpian tariff policy, blasting “bizarre autarkic rhetoric,” and pledging the UK to lead the world in free trade.

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