Menu
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
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
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
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
Trump’s trade war is heating up. What should central banks do to ensure their economies aren’t damaged too much?
READ MORE
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.
READ MORE
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.
READ MORE
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.
READ MORE
It’s the 295th birthday of Adam Smith, champion of trade and the philosophical mastermind who explained the end of the old world and the beginning of the new. And yet, on this day, after so many centuries of intellectual work to promote free trade, a trade war is upon us.
READ MORE
We’ve got a genuine problem, a new crop of world leaders who are willing to sacrifice economic rationality, international cooperation, and world peace to feed their nationalistic political ambitions via the brute force of protectionism. Trump is leading the way.
READ MORE
The company ZTE (Zhongxing Telecommunications Equipment) in Shanghai had employed as many 75,000, and does business in 160 nations, while relying heavily on importing American component parts and manufacturing cellphones and other digital equipment. The US Commerce Department came down hard on the company for dealings with North Korea and Iran. It fined the company $1.2 billion and banned American exports to the company for fully seven years. It was all part of the “get tough” policy that Trump has been promoting his entire career.
READ MORE
A trade war would not only make the United States less productive. It would also make monetary policy more difficult.
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
