Twelve Principles of International Trade: Part 4

– January 13, 2021

“When combined with the empirically verified reality that increased trade between nations decreases the likelihood of those nations getting into shooting wars with each other, what is left of the national-security exception to the case for unilateral free trade is very narrow indeed.” ~ Donald J. Boudreaux


Twelve Principles of International Trade: Part 3

– December 28, 2020

“The notion that people will be enriched if their government artificially impedes their access to goods and services is as detached from reality as is the belief that the future can be revealed through astrology.” ~ Donald J. Boudreaux


Twelve Principles of International Trade: Part 2

– December 8, 2020

“Foreigners do not treat us ‘unfairly’ if they insist on sending to us more imports in exchange for a given amount of our exports (or, what is the same thing, if they accept fewer of our exports in exchange for a given amount of what we import from them). Accusing foreigners in such a case of treating us unfairly makes no more sense than accusing your employer who gives you a raise of treating you unfairly.” ~ Donald J. Boudreaux


Twelve Principles of International Trade: Part 1

– December 3, 2020

“Although it’s possible to imagine bizarre scenarios in which a country’s rising trade deficits might be evidence of economic decline, none of these scenarios is realistic in the case of the United States. American trade deficits are evidence of American economic health, at least relative to many other countries, rather than of economic hardship.” ~ Donald J. Boudreaux


The Prospects for Global Trade under the New US Administration

– November 26, 2020

“At 78 years old it is generally expected that Joe Biden will be a one-term president, and this presents him with a golden opportunity to embrace reform in many areas of policy. He has been afforded the chance to leave a lasting legacy: an overhaul of the WTO is one such reform.” ~ Colin Lloyd

UK Harbor

Trade Negotiations: A Fish Story

– September 27, 2020

“A hands-off policy runs contrary to a politician’s every instinct. Every bone in their body tells them they must ‘do something’ to justify their votes and campaign contributions. They respond to the loudest voices, the fishermen in our example, and the deepest pockets. As always, the answer lies in improving our understanding of theory and history and applying our knowledge and communication skills to the issues of the day.” ~ Warren C. Gibson

Tik Tok, girl

Can They Really Get Away with Banning TikTok?

– July 8, 2020

“It’s all about bringing the poison of politics to a realm of innovation that has thus far been mostly and mercifully free of it. Once we have to ask politicians’ permission to download a playful app, we are going further down the road that we’ve been on for the last several months: a new frontier of political control at the expense of individual choice.” ~ Jeffrey A. Tucker


Liberty Is the Theme of the American Spirit

– July 6, 2020

“However you may have enjoyed and celebrated the 4th of July in these unusual times, be sure to keep in mind that what that day is really all about is the hope and reality of free human beings in a free world based on the moving and profoundly moral ideals expressed in the Declaration of Independence: that individual liberty is natural, moral, and necessary if people are to find personal happiness and fulfillment, along with prosperity.” ~ Richard M. Ebeling

outdoor market, croatia

Puzzles about Trade that Make Me Wonder

– June 23, 2020

“What would be the public reaction if the headlines daily announced, say, the number of people who died within the past 24 hours from some virus other than COVID, and reported these daily deaths with vivid bar charts? How would the public react to increased testing of some virus other than COVID and to breathless reports of rising numbers of people testing positive for this other virus?” ~ Donald J. Boudreaux


Don’t Blame Globalism for COVID-19

– May 12, 2020

They were against trade, immigration, technology, and markets before and they are now opportunistically using this pandemic as a convenient, almost heaven-sent, opportunity to push for the same pro-government interventions and the same semi-authoritarian regimes they advocated earlier.


Should China Pay Reparations?

– May 7, 2020

For the Chinese to pay reparation fees in ways that don’t involve any current increase in American imports, they would have to liquidate a great deal of their investments in America. Any such liquidation would reduce asset values here at home.


Some Questions that Must Be Answered Before Adopting a Policy of Medical-Supply Self-Sufficiency

– April 27, 2020

It’s very easy to declare that ‘we should be self-sufficient in medical supplies,’ but it’s not at all easy to define just what this declaration means or to grasp all that it entails.