Free Trade
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Twelve Principles of International Trade: Part 3
“The notion that people will be enriched if their government artificially impedes their access to goods and services is as detached from reality as is the belief that the future can be revealed through astrology.” ~ Donald J. Boudreaux
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Twelve Principles of International Trade: Part 2
“Foreigners do not treat us ‘unfairly’ if they insist on sending to us more imports in exchange for a given amount of our exports (or, what is the same thing, if they accept fewer of our exports in exchange for a given amount of what we import from them). Accusing foreigners in such a case…
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Twelve Principles of International Trade: Part 1
“Although it’s possible to imagine bizarre scenarios in which a country’s rising trade deficits might be evidence of economic decline, none of these scenarios is realistic in the case of the United States. American trade deficits are evidence of American economic health, at least relative to many other countries, rather than of economic hardship.” ~…
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The Prospects for Global Trade under the New US Administration
“At 78 years old it is generally expected that Joe Biden will be a one-term president, and this presents him with a golden opportunity to embrace reform in many areas of policy. He has been afforded the chance to leave a lasting legacy: an overhaul of the WTO is one such reform.” ~ Colin Lloyd
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Trade Negotiations: A Fish Story
“A hands-off policy runs contrary to a politician’s every instinct. Every bone in their body tells them they must ‘do something’ to justify their votes and campaign contributions. They respond to the loudest voices, the fishermen in our example, and the deepest pockets. As always, the answer lies in improving our understanding of theory and…
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Can They Really Get Away with Banning TikTok?
“It’s all about bringing the poison of politics to a realm of innovation that has thus far been mostly and mercifully free of it. Once we have to ask politicians’ permission to download a playful app, we are going further down the road that we’ve been on for the last several months: a new frontier…
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Liberty Is the Theme of the American Spirit
“However you may have enjoyed and celebrated the 4th of July in these unusual times, be sure to keep in mind that what that day is really all about is the hope and reality of free human beings in a free world based on the moving and profoundly moral ideals expressed in the Declaration of…
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Puzzles about Trade that Make Me Wonder
“What would be the public reaction if the headlines daily announced, say, the number of people who died within the past 24 hours from some virus other than COVID, and reported these daily deaths with vivid bar charts? How would the public react to increased testing of some virus other than COVID and to breathless…
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Don’t Blame Globalism for COVID-19
They were against trade, immigration, technology, and markets before and they are now opportunistically using this pandemic as a convenient, almost heaven-sent, opportunity to push for the same pro-government interventions and the same semi-authoritarian regimes they advocated earlier.
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Should China Pay Reparations?
For the Chinese to pay reparation fees in ways that don’t involve any current increase in American imports, they would have to liquidate a great deal of their investments in America. Any such liquidation would reduce asset values here at home.
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•
Twelve Principles of International Trade: Part 3
“The notion that people will be enriched if their government artificially impedes their access to goods and services is as detached from reality as is the belief that the future can be revealed through astrology.” ~ Donald J. Boudreaux
-
•
Twelve Principles of International Trade: Part 2
“Foreigners do not treat us ‘unfairly’ if they insist on sending to us more imports in exchange for a given amount of our exports (or, what is the same thing, if they accept fewer of our exports in exchange for a given amount of what we import from them). Accusing foreigners in such a case…
-
•
Twelve Principles of International Trade: Part 1
“Although it’s possible to imagine bizarre scenarios in which a country’s rising trade deficits might be evidence of economic decline, none of these scenarios is realistic in the case of the United States. American trade deficits are evidence of American economic health, at least relative to many other countries, rather than of economic hardship.” ~…
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•
The Prospects for Global Trade under the New US Administration
“At 78 years old it is generally expected that Joe Biden will be a one-term president, and this presents him with a golden opportunity to embrace reform in many areas of policy. He has been afforded the chance to leave a lasting legacy: an overhaul of the WTO is one such reform.” ~ Colin Lloyd
-
•
Trade Negotiations: A Fish Story
“A hands-off policy runs contrary to a politician’s every instinct. Every bone in their body tells them they must ‘do something’ to justify their votes and campaign contributions. They respond to the loudest voices, the fishermen in our example, and the deepest pockets. As always, the answer lies in improving our understanding of theory and…
-
•
Can They Really Get Away with Banning TikTok?
“It’s all about bringing the poison of politics to a realm of innovation that has thus far been mostly and mercifully free of it. Once we have to ask politicians’ permission to download a playful app, we are going further down the road that we’ve been on for the last several months: a new frontier…
-
•
Liberty Is the Theme of the American Spirit
“However you may have enjoyed and celebrated the 4th of July in these unusual times, be sure to keep in mind that what that day is really all about is the hope and reality of free human beings in a free world based on the moving and profoundly moral ideals expressed in the Declaration of…
-
•
Puzzles about Trade that Make Me Wonder
“What would be the public reaction if the headlines daily announced, say, the number of people who died within the past 24 hours from some virus other than COVID, and reported these daily deaths with vivid bar charts? How would the public react to increased testing of some virus other than COVID and to breathless…
-
•
Don’t Blame Globalism for COVID-19
They were against trade, immigration, technology, and markets before and they are now opportunistically using this pandemic as a convenient, almost heaven-sent, opportunity to push for the same pro-government interventions and the same semi-authoritarian regimes they advocated earlier.
-
•
Should China Pay Reparations?
For the Chinese to pay reparation fees in ways that don’t involve any current increase in American imports, they would have to liquidate a great deal of their investments in America. Any such liquidation would reduce asset values here at home.