Menu
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.
READ MORE
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.
READ MORE
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.
READ MORE
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.
READ MORE
Free traders can only hope that future agreements will be improved and made universal.
READ MORE
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.
READ MORE
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.
READ MORE
“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
READ MORE
This is perhaps the first lesson, and the most important, that students learn in economics.
READ MORE
The following tale about trade, protectionism, and trade agreements is more realistic than it seems on the surface.
READ MORE
Trump’s trade war is heating up. How can the Fed ensure it doesn’t cool down our economy too much?
READ MORE
250 Division Street | PO Box 1000
Great Barrington, MA 01230-1000
Press and other media outlets contact
888-528-1216
press@aier.org
AIS is a fully owned subsidiary of AIER
This work is licensed under a
Creative Commons Attribution 4.0 International License,
except where copyright is otherwise reserved.
© 2021 American Institute for Economic Research
Privacy Policy
AIER is a 501(c)(3) Nonprofit
registered in the US under EIN: 04-2121305
