Free Trade
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Is Protectionism Justified If Trade Liberalization Causes the Wages of Low-Skilled Workers to Fall?
No country grows prosperous by dampening its citizens’ incentives to improve their skills as workers.
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Apple’s Woes Show that the Trade War Has Failed Miserably
Tragically, too few Republicans and market defenders have called out the Trump administration for itsterrible trade policies.
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Trade’s Costs Are Not Losses
But because no one in a market economy is entitled to his or her particular source of income, whenever competition obliges producers to adjust to the demands of consumers, producers — while paying the costs of participating in a market economy — suffer nothing that ought to be described as losses.
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No, These Tariffs Have Not Been Good for America
It’s been a rough 2018 for those who support free trade across borders, but the Economic Policy Institute has unwittingly given us a lovely Christmas gift. While attempting to show how much the U.S. aluminum industry has benefited from the ten percent tariff imposed in March, it ends up demonstrating that even from an “American…
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Trade Has No Losers
Saying that trade has losers suggests that stopping trade would eliminate such losses. Wrong.
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What You Need to Know about the Great IP Dispute Between the US and China
For China to crack down on its supposed violators of IP, import US law as its own, permit US courts to enforce it, and acquiesce to every other point demanded by the US, even if these impossibilities were possible, would end in making its economy less free, less productive, and more dangerous for free enterprise.
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Make the Trade Truce Permanent
Do you desire the well-being of all peoples in the world? Free trade is a wonderful way to see this realized. Tariffs only end in spreading misery, a classic case of man’s inhumanity to man. The sooner the U.S. administration realizes this, the better off everyone will be.
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In Praise of Expertise
The political and economic outlook undergirding the market order is often called individualism because of the central role of human volition in its unfolding. At the same time, this individualism creates a beautiful community of enterprise, one far more reliable, effective, and life-affirming that the false communities that politics assembles for us.
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The Trade War and Falling Financials
Here’s the thing about international trade. When it is interrupted, even if only in a limited way, it affects everything — not immediately, but over time. Costs of production rise. Consumer prices rise. Trade routes are lost. Supply chains are disrupted. Retaliation is inevitable because governments are in control, and this causes more negative effects.
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A Country Is Not Like a For-Profit Company
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.
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•
Is Protectionism Justified If Trade Liberalization Causes the Wages of Low-Skilled Workers to Fall?
No country grows prosperous by dampening its citizens’ incentives to improve their skills as workers.
-
•
Apple’s Woes Show that the Trade War Has Failed Miserably
Tragically, too few Republicans and market defenders have called out the Trump administration for itsterrible trade policies.
-
•
Trade’s Costs Are Not Losses
But because no one in a market economy is entitled to his or her particular source of income, whenever competition obliges producers to adjust to the demands of consumers, producers — while paying the costs of participating in a market economy — suffer nothing that ought to be described as losses.
-
•
No, These Tariffs Have Not Been Good for America
It’s been a rough 2018 for those who support free trade across borders, but the Economic Policy Institute has unwittingly given us a lovely Christmas gift. While attempting to show how much the U.S. aluminum industry has benefited from the ten percent tariff imposed in March, it ends up demonstrating that even from an “American…
-
•
Trade Has No Losers
Saying that trade has losers suggests that stopping trade would eliminate such losses. Wrong.
-
•
What You Need to Know about the Great IP Dispute Between the US and China
For China to crack down on its supposed violators of IP, import US law as its own, permit US courts to enforce it, and acquiesce to every other point demanded by the US, even if these impossibilities were possible, would end in making its economy less free, less productive, and more dangerous for free enterprise.
-
•
Make the Trade Truce Permanent
Do you desire the well-being of all peoples in the world? Free trade is a wonderful way to see this realized. Tariffs only end in spreading misery, a classic case of man’s inhumanity to man. The sooner the U.S. administration realizes this, the better off everyone will be.
-
•
In Praise of Expertise
The political and economic outlook undergirding the market order is often called individualism because of the central role of human volition in its unfolding. At the same time, this individualism creates a beautiful community of enterprise, one far more reliable, effective, and life-affirming that the false communities that politics assembles for us.
-
•
The Trade War and Falling Financials
Here’s the thing about international trade. When it is interrupted, even if only in a limited way, it affects everything — not immediately, but over time. Costs of production rise. Consumer prices rise. Trade routes are lost. Supply chains are disrupted. Retaliation is inevitable because governments are in control, and this causes more negative effects.
-
•
A Country Is Not Like a For-Profit Company
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.