Topic: Free Trade

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Trade Wars and Monetary Policy

– August 27, 2018

Trump’s trade war is heating up. How can the Fed ensure it doesn’t cool down our economy too much?

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Free Trade Issue

– August 20, 2018

The Harwood Economic Review, Summer 2018

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How to Kick an Economy When It’s Down

– August 14, 2018

It is incredibly reckless to double taxes on imports from a particular country with the stroke of a pen. As robust and well-capitalized as the US is today, such actions foment more conflict, feed resentment, fuel nationalism, and take unnecessary risks with the economic well being of people the world over.

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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?

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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.

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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.

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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.

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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.

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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. 

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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.

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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.

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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.

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