Monday , December 16 2019
Home / Tag Archives: Trade

Tag Archives: Trade

Some Links

Kevin Williamson is brilliant. Here he eviscerates progressives, as well as conservatives such as Marco Rubio and Michael Brendan Dougherty, whose advocacy of industrial policy and other forms of protectionism reveals both their economic ignorance and their skill at slaying straw men. A slice: Conservatives like to laugh at Paul Krugman, revisiting his long-ago prediction that the Internet would prove no more economically significant than the fax machine, but nobody is really very good...

Read More »

Quotation of the Day…

… is from pages vii-viii of Chapman University’s Bas Van Der Vossen’s and Georgetown University’s Jason Brennan’s 2018 book, In Defense of Openness (footnote deleted and tiny typo corrected): Many people reject the idea that society should be open, respecting the freedom of people to move themselves, their goods, and business in and out of society. They think that immigration and trade are bad, especially immigration from and trade with less developed countries. These people ignore the...

Read More »

Open Letter to Oren Cass

Here’s an open letter to Oren Cass: Mr. Cass: I see that you’re leaving the Manhattan Institute in order to launch your own venture, which you describe on Twitter as “a new organization whose mission is to redefine the economic orthodoxy that guides the nation’s politics and public policy.” Although I wish you well, I have trepidation. My experience is that whenever a non-economist, such as yourself, who is unhappy with free markets expresses dissatisfaction with “economic orthodoxy,”...

Read More »

Pittsburgh Tribune-Review: “Paper chase”

In my Pittsburgh Tribune-Review column of April 11th, 2007, I complained about the Bush administration’s imposition of punitive taxes on Americans who buy paper products from the Chinese. You can read my complaint below the fold. Paper chase The Bush administration recently raised Americans’ taxes. If you missed this item in the news, it’s because this tax hike isn’t described forthrightly by government nor is it reported forthrightly by the media. The tax hike I’m talking about is the...

Read More »

To What Standard Should Foreign Governments Be Held On Trade-Related Matters?

My latest column for AIER is inspired by my correspondence last week with the great libertarian philosopher Eric Mack. In this column, I ponder reactions in the home country to less-than-saintly activities by foreign governments. A slice from my column: Protectionists are clever at devising superficially plausible excuses for their obstructions of people’s freedom to trade. A recent instance in the United States is Democrats’ and progressives’ demand that the “new NAFTA” — called “USMCA”...

Read More »

Some Links

My intrepid Mercatus Center colleague Veronique de Rugy is realistic about the U.S.-Mexico-Canada Agreement (USMCA) and the politics behind it. A slice: Now there is no doubt that passing USMCA would lift the uncertainty that is plaguing trade and investors today. But that’s a much different argument than saying that USMCA would make the economy stronger. Besides, this uncertainty was entirely produced by Mr. Trump, fueled by his desire to destroy all things free trade in America....

Read More »

Quotation of the Day…

… is from page 77 of the late William Niskanen’s May 2000 paper “Should the Ex-Im Bank Be Retired?” which is reprinted as chapter 7 of the 2008 collection of some of Niskanen’s best writings, Reflections of a Political Economist: I regard the market-failure rationale for Ex-Im as wholly spurious, and the activities based on this rationale are best described as “Aid to Dependent Corporations.” DBx: Those who use the market-failure rationale to justify subsidies doled out by the U.S....

Read More »

Some Links

Fareed Zakaria is correct that Donald Trump is no friend of free markets. Here’s Zakaria’s conclusion: On the core issue that used to define the GOP — economics — the party’s agenda today is state planning and crony capitalism. And this is what so-called conservatives are doubling down to defend. (Note: I understand that the likes of Elizabeth Warren and Bernie Sanders might well be as bad or worse than Trump. But this fact no more counsels against warning of the horribleness of Trump’s...

Read More »

Pittsburgh Tribune-Review: “Ignoring subsidies”

In my March 9th, 2007, column for the Pittsburgh Tribune-Review, I argued that the best policy for the home-country government is to ignore subsidies doled out by foreign governments. You can read my argument beneath the fold. Ignoring subsidies In my previous column I concluded that Uncle Sam has no business obstructing American consumers’ ability to buy goods and services from a foreign country — even if that country’s government is accused of subsidizing its producers. To reach this...

Read More »

Quotation of the Day…

… is from page 267 of Frank Knight’s 1956 collection, On the History and Method of Economics; specifically, it’s from Knight’s 1950 Presidential address to the American Economic Association, titled “The Role of Principles in Economics and Politics” (original emphasis): The supreme and inestimable merit of the exchange mechanism is that it enables a vast number of people to cooperate in the use of means to achieve ends as far as their interests are mutual, without arguing or in any way...

Read More »