Topic: Free Trade

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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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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.

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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.

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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.

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Trade Wars and Inflation

– June 28, 2018

Trump’s trade war is heating up. What should central banks do to ensure their economies aren’t damaged too much?

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Harley’s Grim History of Government Bailouts

– June 27, 2018

After all these efforts, all these interventions and tax-back loans, nothing could prepare the company to deal with a loss of its foreign markets. This is why the company said this week that it would move some production overseas due to increased costs from the EU’s retaliatory tariffs against the Trump administration’s taxes on imports of steel and aluminum.

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Tariff Wars and the Fallacy of the Balance of Trade

– June 25, 2018

The hoopla and hysteria about balance of trade deficits, and that somehow “others” are taking advantage of us because we buy more from them than they buy from us, in fact, is the result of an analytical myopia of failing to “follow the money” through all the different forms and channels that import and export spending can take, both for an individual or the country as a whole. Once you do, you realize that the balance of trade “problem” is all an illusion.

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A Different Sort of Central Planning

– June 23, 2018

Economic nationalism, characterized by restriction on trade and migration toward the goal of political control, has a different sales pitch and cultural feel from the central planning of generations past. But it is no less an attack on free enterprise, industrial rivalry, and consumer control of production. Ultimately it is just another way to undermine property rights, freedom, and the limits on the power of the state.

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