Hamilton recognized the importance of manufacturing but overlooked the market processes that create lasting prosperity.
โข
Protectionism promises stronger industries. History shows it delivers higher prices, fewer jobs, and weaker growth.
Long before Amazon and Walmart, politicians targeted A&P for lowering prices with scale and efficiency. The resulting law protected competitors at the expense of grocery buyers.
โข
Trump’s new USMCA proposal acknowledges the limits of onshoring. Tariffs can’t undo global supply chains; they’re a consumption tax paid by American families.
Trump credits tariffs for an economic “turnaround.” The data show stronger economic performance in his first term than in his second.
โข
Clay tablets unearthed in Asia Minor reveal a sophisticated commercial order emerging spontaneously nearly four thousand years before economists explained how markets work.
โข
Treasury Secretary Scott Bessent and others argue that tariffs and industrial policy can restore America’s strength. In reality, diversified supply chains and open markets provide greater resilience than economic nationalism.
โข
Once a dominant force in global energy markets, OPEC is facing growing fragmentation from within and intensifying competition from without.
โข
Washington, Beijing, and Brussels are all moving toward state-managed commerce and geopolitical trade blocs. The recent US-China summit accelerates the shift.
โข
Courts have now rejected multiple attempts to justify sweeping tariffs. The next “emergency” justification (Section 338) may not fare any better.
Hamilton recognized the importance of manufacturing but overlooked the market processes that create lasting prosperity.
โข
Protectionism promises stronger industries. History shows it delivers higher prices, fewer jobs, and weaker growth.
Long before Amazon and Walmart, politicians targeted A&P for lowering prices with scale and efficiency. The resulting law protected competitors at the expense of grocery buyers.
โข
Trump’s new USMCA proposal acknowledges the limits of onshoring. Tariffs can’t undo global supply chains; they’re a consumption tax paid by American families.
Trump credits tariffs for an economic “turnaround.” The data show stronger economic performance in his first term than in his second.
โข
Clay tablets unearthed in Asia Minor reveal a sophisticated commercial order emerging spontaneously nearly four thousand years before economists explained how markets work.
โข
Treasury Secretary Scott Bessent and others argue that tariffs and industrial policy can restore America’s strength. In reality, diversified supply chains and open markets provide greater resilience than economic nationalism.
โข
Once a dominant force in global energy markets, OPEC is facing growing fragmentation from within and intensifying competition from without.
โข
Washington, Beijing, and Brussels are all moving toward state-managed commerce and geopolitical trade blocs. The recent US-China summit accelerates the shift.
โข
Courts have now rejected multiple attempts to justify sweeping tariffs. The next “emergency” justification (Section 338) may not fare any better.
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