Economics
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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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Can Microgrants Fix Our Foreign Aid Failures?
Large scale aid dollars are usually squandered. Giving development funds directly to individuals can uplift communities.
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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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America’s Trade ‘Deficit’ Is a Ringing Endorsement
Foreign holdings of US dollars would better be called an “investment surplus.” Our top exports aren’t goods — they’re stability and opportunity.
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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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The Tariff Crash of 2025: The Price of Economic Amnesia
Tariffs imposed by President Trump have raised the US average effective tariff rate to 22 percent — the highest since 1909.
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The Dollar Milkshake Theory, Explained
A popular economic theory claims that excess currency liquidity is sucked up into US assets, but incorrectly assumes that central banking policy, and global power balances, will never change.
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The Intervention Spiral: What to Expect from Trump’s Trade Policy
While specific trade policies may be difficult to predict, the concept of the “dynamics of interventionism” gives us a framework to anticipate what we can expect.
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Tariff Turmoil: The Economic Risks of a Global Trade War
A prolonged trade war would be a disaster for the global economy. The consequences would be severe — and self-inflicted.
-
•
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.
-
•
Can Microgrants Fix Our Foreign Aid Failures?
Large scale aid dollars are usually squandered. Giving development funds directly to individuals can uplift communities.
-
•
The Other Cost of Protectionism
Protectionism is an economic poison, and its lingering side effects weaken the economic body over time.
-
•
America’s Trade ‘Deficit’ Is a Ringing Endorsement
Foreign holdings of US dollars would better be called an “investment surplus.” Our top exports aren’t goods — they’re stability and opportunity.
-
•
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.
-
•
The Tariff Crash of 2025: The Price of Economic Amnesia
Tariffs imposed by President Trump have raised the US average effective tariff rate to 22 percent — the highest since 1909.
-
•
The Dollar Milkshake Theory, Explained
A popular economic theory claims that excess currency liquidity is sucked up into US assets, but incorrectly assumes that central banking policy, and global power balances, will never change.
-
•
The Intervention Spiral: What to Expect from Trump’s Trade Policy
While specific trade policies may be difficult to predict, the concept of the “dynamics of interventionism” gives us a framework to anticipate what we can expect.
-
•
Tariff Turmoil: The Economic Risks of a Global Trade War
A prolonged trade war would be a disaster for the global economy. The consequences would be severe — and self-inflicted.