cartowing

In Praise of Expertise

– November 24, 2018

The political and economic outlook undergirding the market order is often called individualism because of the central role of human volition in its unfolding. At the same time, this individualism creates a beautiful community of enterprise, one far more reliable, effective, and life-affirming that the false communities that politics assembles for us.

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supplychain

The Trade War and Falling Financials

– November 22, 2018

Here’s the thing about international trade. When it is interrupted, even if only in a limited way, it affects everything — not immediately, but over time. Costs of production rise. Consumer prices rise. Trade routes are lost. Supply chains are disrupted. Retaliation is inevitable because governments are in control, and this causes more negative effects.

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unitedstates

A Country Is Not Like a For-Profit Company

– November 19, 2018

One of the most common faulty premises that infects discussions of economic policy is the premise that a country is like a private for-profit company, only larger. Nearly everything that the United States President says about trade makes sense if you understand him to believe that the United States economy is a gargantuan for-profit firm.

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MG_1112

Why Free Trade Doesn’t Win Elections

– November 13, 2018

International trade is millions of mutually beneficial, voluntary transactions between firms and consumers that happen to lie across international borders. But that’s not how politicians or many in the general public conceptualize it.

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fallout

Fallout from the Trade Wars

– October 12, 2018

To “buy American,” as the nationalists and nativists demand, is to eschew today’s beneficial products while underrating the benefits of yesterday’s globalization of trade and fearing tomorrow’s.

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steelproduction

The Best Trade Policy Is to Ignore Other Governments’ Trade Policies

– October 8, 2018

Governments should treat each others’ economic policies as given, if only because almost all government interventions artificially help some producers and hurt others. Because every government is forever grasping for excuses to protect politically powerful domestic producers from foreign competition, each government can find such excuses in even the most mundane actions of foreign governments.

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disasteraverted

Trade Disaster Averted for Now

– October 2, 2018

Free traders can only hope that future agreements will be improved and made universal.

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strangers

Trade Makes Possible the Productive Cooperation of Millions of People

– October 1, 2018

Opponents of free trade wish to prevent you and your fellow human beings from rendering to, and receiving from, each other the greatest possible amount of mutual assistance at improving your lives.

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dollarpinch

Tariffs May Wipe Out Gains from Tax Cut

– September 18, 2018

With the new round of announced and threatened tariffs, we are approaching a policy that coupled with the corporate tax cut, can best be described as a revenue-neutral free trade tax.

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shutterstock_361922966

The Economics of Autarky

– September 11, 2018

“It is not so much economic as political and philosophical: history must drive toward centralized power under great men and their intellectual advisors. Economic forces must be restricted to the bounds of the nation-state, because those bounds are the limits of the jurisdiction of the powers that be. Trade outside the borders, in this case, represents a kind of treason against state power.” ~ Jeffrey Tucker

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tradwithmoney

Economic Basic: Trade Is Mutually Beneficial

– September 7, 2018

This is perhaps the first lesson, and the most important, that students learn in economics.

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westsidestory

The Jets, the Sharks, and a Trade Agreement

– September 3, 2018

The following tale about trade, protectionism, and trade agreements is more realistic than it seems on the surface.

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