trade policy
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Tariffs Instead of Taxes? A Back-of-Envelope Estimate
Projected revenue from tariffs ignore the realities of how people and businesses will react. Are we ready to double the cost of everything?
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‘A Man, A Plan, A Monopoly?’ More History of the Panama Canal
From the engineering challenges to pricing logistics, managing the canal requires significant time, expertise, and risk. But what’s the alternative?
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Adam Smith vs. the Tariff State: A Timeless Case for Free Trade
Adam Smith’s principles, far more than Trump’s passions, are attuned to the principles of human flourishing.
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Congress Must Take Back Control Over Tariffs
Allowing the president to wield emergency powers for economic purposes undermines the separation of powers that the Constitution was designed to protect.
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Victor David Hanson and his Smoot-Hawley Strawman
Economists don’t claim that tariffs caused the Great Depression, but tariffs make bad times worse.
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Retaliatory Tariffs? Again?
President Trump’s recent tariffs show no familiarity with history, and little reassurance for those who hoped he understood capitalism and freedom.
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The Other Cost of Protectionism
Protectionism is an economic poison, and its lingering side effects weaken the economic body over time.
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Don’t (Just) Hate the Tariffs, Hate the Institutions
Trump exercises power with more theatrical defiance than Obama and Biden. But the power itself comes from complacency and abdication of constitutional checks.
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Unpacking the Assumptions Behind the Mar-a-Lago Accord
Tariff models relying on complex assumptions offer an extremely limited and entirely misleading view of economic realities.
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•
Reagan Knew the Art of the Trade Deal Better
Rather than risk starting a trade war by imposing “reciprocal tariffs,” Reagan encouraged domestic manufacturing by making it easier for other countries to import our manufactured goods.
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•
Tariffs Instead of Taxes? A Back-of-Envelope Estimate
Projected revenue from tariffs ignore the realities of how people and businesses will react. Are we ready to double the cost of everything?
-
•
‘A Man, A Plan, A Monopoly?’ More History of the Panama Canal
From the engineering challenges to pricing logistics, managing the canal requires significant time, expertise, and risk. But what’s the alternative?
-
•
Adam Smith vs. the Tariff State: A Timeless Case for Free Trade
Adam Smith’s principles, far more than Trump’s passions, are attuned to the principles of human flourishing.
-
•
Congress Must Take Back Control Over Tariffs
Allowing the president to wield emergency powers for economic purposes undermines the separation of powers that the Constitution was designed to protect.
-
•
Victor David Hanson and his Smoot-Hawley Strawman
Economists don’t claim that tariffs caused the Great Depression, but tariffs make bad times worse.
-
•
Retaliatory Tariffs? Again?
President Trump’s recent tariffs show no familiarity with history, and little reassurance for those who hoped he understood capitalism and freedom.
-
•
The Other Cost of Protectionism
Protectionism is an economic poison, and its lingering side effects weaken the economic body over time.
-
•
Don’t (Just) Hate the Tariffs, Hate the Institutions
Trump exercises power with more theatrical defiance than Obama and Biden. But the power itself comes from complacency and abdication of constitutional checks.
-
•
Unpacking the Assumptions Behind the Mar-a-Lago Accord
Tariff models relying on complex assumptions offer an extremely limited and entirely misleading view of economic realities.
-
•
Reagan Knew the Art of the Trade Deal Better
Rather than risk starting a trade war by imposing “reciprocal tariffs,” Reagan encouraged domestic manufacturing by making it easier for other countries to import our manufactured goods.