Free Trade
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Estimating the Iran War’s Effect on US Gasoline Prices
A forecasting model shows gasoline prices broke sharply from their expected trajectory after the outbreak of war.
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Protectionism Won’t Feed North America: Don’t Scrap the US-Mexico-Canada Agreement
Calls to weaken or abandon USMCA overlook how interconnected US, Canadian, and Mexican agriculture has become. Trade barriers hurt farmers and families in all three nations.
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‘The Wealth of Nations’ and 250 Years of Economists Missing the Point
From trade policy to public debt, today’s economic debates echo those of 1776. The problem isn’t a lack of knowledge — it’s a failure to teach and apply enduring principles.
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From Shakespeare to Smith: Why Credit Exists in Every Western Society
Credit is not an artificial construct imposed by financiers or states. It arises because modern commercial life cannot function without it.
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From Fatal Conceit to the Friendly Skies: How Deregulation Made Flight Affordable
For decades, federal regulators controlled airline prices and routes, limiting competition and keeping fares high. The Airline Deregulation Act changed everything.
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Greece’s 19th Century Currant Crisis: A Warning Against ‘Temporary’ Government Support
Greek intervention to “protect” farmers rendered a temporary crisis permanent.
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Deaths from Despair: Is Globalization a Health Risk?
Claims that NAFTA increased deaths among manufacturing workers overlook a key reality: most job loss stems from productivity gains, not trade.
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Progressive Taxes May Discourage the Most Productive Work
A real-world example shows taxes eat into marginal income, steering workers toward lower-paying, but more pleasant, jobs.
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Taxing, Borrowing, and Printing: Three Ways America Pays for Government
Tax bills are only the beginning. Borrowing and inflation also finance federal spending — in ways that are easier to ignore but harder to escape.
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Headline Inflation Surged in March, but Core Remained Muted
March’s inflation spike looks alarming, but it’s driven entirely by energy shocks. Strip that out and the trend looks largely unchanged.
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•
Estimating the Iran War’s Effect on US Gasoline Prices
A forecasting model shows gasoline prices broke sharply from their expected trajectory after the outbreak of war.
-
•
Protectionism Won’t Feed North America: Don’t Scrap the US-Mexico-Canada Agreement
Calls to weaken or abandon USMCA overlook how interconnected US, Canadian, and Mexican agriculture has become. Trade barriers hurt farmers and families in all three nations.
-
•
‘The Wealth of Nations’ and 250 Years of Economists Missing the Point
From trade policy to public debt, today’s economic debates echo those of 1776. The problem isn’t a lack of knowledge — it’s a failure to teach and apply enduring principles.
-
•
From Shakespeare to Smith: Why Credit Exists in Every Western Society
Credit is not an artificial construct imposed by financiers or states. It arises because modern commercial life cannot function without it.
-
•
From Fatal Conceit to the Friendly Skies: How Deregulation Made Flight Affordable
For decades, federal regulators controlled airline prices and routes, limiting competition and keeping fares high. The Airline Deregulation Act changed everything.
-
•
Greece’s 19th Century Currant Crisis: A Warning Against ‘Temporary’ Government Support
Greek intervention to “protect” farmers rendered a temporary crisis permanent.
-
•
Deaths from Despair: Is Globalization a Health Risk?
Claims that NAFTA increased deaths among manufacturing workers overlook a key reality: most job loss stems from productivity gains, not trade.
-
•
Progressive Taxes May Discourage the Most Productive Work
A real-world example shows taxes eat into marginal income, steering workers toward lower-paying, but more pleasant, jobs.
-
•
Taxing, Borrowing, and Printing: Three Ways America Pays for Government
Tax bills are only the beginning. Borrowing and inflation also finance federal spending — in ways that are easier to ignore but harder to escape.
-
•
Headline Inflation Surged in March, but Core Remained Muted
March’s inflation spike looks alarming, but it’s driven entirely by energy shocks. Strip that out and the trend looks largely unchanged.