Free Trade
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Surprising Court Ruling Signals Trouble for Trump’s Tariffs
The ruling is welcome for free traders but unexpected, as significant precedent exists to allow the President to seize some of Congress’s duties.
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Protectionist Angst Is ‘Made in America’ — So Are Lots of Other Things
Manufacturing jobs are often difficult and dangerous. Thanks to labor-saving tech, fewer Americans need to work them, and our industrial output remains at near all-time highs.
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Socialism, Not the Embargo, Explains Nearly All of Cuba’s Poverty
A synthetic control allows researchers to disentangle causal effects: the primary cause of Cuba’s poverty is its repressive socialist regime, with just 10 percent of the gap resulting from the trade embargo.
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Trade Negotiations aren’t Chess, Poker, or Go. They’re Bridge.
Chess is zero-sum and strictly competitive. Trade is collaborative; its foundational principles are voluntary exchange and mutual advantage.
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Business Conditions Monthly March 2025
With America’s ballooning debt load, a bond market backlash, and a Moody’s downgrade, fiscal space to respond to a downturn is rapidly evaporating.
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Nixon to Now: How the Kitchen Debate Came Home
The recent wave of protectionism is not about efficiency or economic growth. It’s about national control — about engineering particular outcomes.
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My $100 Tomato: Is Self-Sufficiency Overrated?
Should you buy, or DIY? A prudent householder should buy that which they cannot make for the same price. The lesson is the same for nations.
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Was Reagan a Protectionist?
To head off the slippery slope of protectionist interventions, Reagan convinced Japan to voluntarily limit auto imports.
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Making GDP Great Again: A Complementary Approach
Including government spending in GDP distorts our understanding of value: spending more on tanks and bullets doesn’t mean civilians are getting wealthier during wartime.
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How Equity Markets Reacted to Trump’s Tariff Announcements: The Data
The US has been by far the biggest loser in tariff negotiations. Indexes have fallen sharply.
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•
Surprising Court Ruling Signals Trouble for Trump’s Tariffs
The ruling is welcome for free traders but unexpected, as significant precedent exists to allow the President to seize some of Congress’s duties.
-
•
Protectionist Angst Is ‘Made in America’ — So Are Lots of Other Things
Manufacturing jobs are often difficult and dangerous. Thanks to labor-saving tech, fewer Americans need to work them, and our industrial output remains at near all-time highs.
-
•
Socialism, Not the Embargo, Explains Nearly All of Cuba’s Poverty
A synthetic control allows researchers to disentangle causal effects: the primary cause of Cuba’s poverty is its repressive socialist regime, with just 10 percent of the gap resulting from the trade embargo.
-
•
Trade Negotiations aren’t Chess, Poker, or Go. They’re Bridge.
Chess is zero-sum and strictly competitive. Trade is collaborative; its foundational principles are voluntary exchange and mutual advantage.
-
•
Business Conditions Monthly March 2025
With America’s ballooning debt load, a bond market backlash, and a Moody’s downgrade, fiscal space to respond to a downturn is rapidly evaporating.
-
•
Nixon to Now: How the Kitchen Debate Came Home
The recent wave of protectionism is not about efficiency or economic growth. It’s about national control — about engineering particular outcomes.
-
•
My $100 Tomato: Is Self-Sufficiency Overrated?
Should you buy, or DIY? A prudent householder should buy that which they cannot make for the same price. The lesson is the same for nations.
-
•
Was Reagan a Protectionist?
To head off the slippery slope of protectionist interventions, Reagan convinced Japan to voluntarily limit auto imports.
-
•
Making GDP Great Again: A Complementary Approach
Including government spending in GDP distorts our understanding of value: spending more on tanks and bullets doesn’t mean civilians are getting wealthier during wartime.
-
•
How Equity Markets Reacted to Trump’s Tariff Announcements: The Data
The US has been by far the biggest loser in tariff negotiations. Indexes have fallen sharply.