internationaltrade

Let’s Think Through This Trade Issue, Carefully

– August 10, 2018

Should the political order reflect a vision of society as a free association of individuals engaging in free exchange for mutual and general benefit and creating a complex society thereby?  Or should it come from one that sees membership of a collective entity as primary and allows trade among insiders but puts barriers in the way of trade with outsiders?

READ MORE
MG_0808_1

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

– August 8, 2018

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.

READ MORE
mercantlsm2

What Is Mercantilism?

– August 8, 2018

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.

READ MORE
dolarempire

The Real Reason for the Trade Deficit

– August 2, 2018

The cure for the deficit problem is not to hamper free trade but to replace the dollar as the international reserve currency with a private currency and to reduce America’s budget deficit, which absorbs the financial inflows from abroad.

READ MORE
shutterstock_540146389

The Tariff Bill Comes Due

– August 1, 2018

What’s called “economic nationalism” is really just a cover for a political power grab and the manipulation of the public. The price is paid by you and me and everyone.

READ MORE
shutterstock_580499569

President Trump’s Bargaining Prowess Is a Liability, Not an Asset

– July 30, 2018

When aggression is military, each government attempts to protect its citizens from that which is unleashed by foreigners. But when aggression is economic, it is unleashed by each government against its own citizens. 

READ MORE
steelpiston

Merchant Opposition to Protectionism Grows

– July 23, 2018

The cause of free trade is fortunate this time to have the support of the merchant class.

READ MORE
america-american-american-flag-92730

Trade Retaliation Hurts Everyone

– July 22, 2018

Whenever our government “retaliates” with trade restrictions of its own, it unfairly tilts the playing field here at home in favor of politically potent producer groups and against the rest of us.

READ MORE
UStank

National Defense Is Not an Exception to the Case for Free Trade

– July 16, 2018

The very best system of national defense is one that reduces the prospect of war. It is one that diminishes the need to actually send into battle war machines and manpower. So anyone sincerely committed to a program of using trade policy as a means of strengthening national defense supports as an indispensable cornerstone of that policy free trade.

READ MORE
fightclub

Five Strange Features of this Trade War

– July 9, 2018

It’s worth reflecting on all the ways in which this trade war seems to depart from the historical pattern. They suggest something important: this trade war is born not of strategy but of ideology.

READ MORE
us-army-corps-engineers

Reform Army Corps to Cut Red Tape, Boost Outcomes

– July 8, 2018

Ending military involvement in civilian navigation and public-waters regulation is one important step in any systematic reform to the scope of the federal government.

READ MORE
traderetailiation

Trade Retaliation Is Unjustified and Unjust

– July 2, 2018

These foreign-government interventions supply no good ethical excuse for “retaliation.” In fact, losing nothing to which they are entitled, home-country producers themselves act unethically when they demand that the home government inflict upon fellow citizens the same unjust depravations that foreign governments inflict upon their citizens.

READ MORE