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Protectionism and Free TradeU.S. Economy
Populists on the right (and left) are claiming that American prosperity came about because of high protective tariffs. But political rhetoric can't replace sound economics.
BiographiesEconomic FreedomProtectionism and Free Trade
Most people think the Industrial Revolution catapulted humanity into modern comfort, but this narrative leaves out the agricultural revolution that had to come first.
AntipoliticsDemocracyProtectionism and Free Trade
Since the 1940s, failed statist schemes have dragged Argentina into poverty. Javier Milei, who is gaining popularity there, hopes to change his nation's sad history.
Economic PolicyPrice ControlsProtectionism and Free Trade
Although Biden presented the formula shortage as caused by "forces" outside the USA, the shortage is homegrown. Bastiat could have explained why.
AntipoliticsCronyism and CorporatismProtectionism and Free TradeWar and Foreign Policy
The Davos crowd sold globalization as a way to bring nations together. Unfortunately, by insisting on political conformity, the globalists have set the world on fire.
Free MarketsProtectionism and Free Trade
The African Continent Free Trade Area has the potential to serve Africans and bring about better living standards. However, it is threatened by government attempts to "manage" trade.
Protectionism and Free TradeOther Schools of Thought
Krugman’s recent NYT column on Russia features commentary on trade surpluses that is at best very misleading.
Economic PolicyProtectionism and Free Trade
The world is in chaos, so politicians MUST do something. Hence, they demand autarky, which is like attempting to put out a fire by pouring gasoline on it.
Protectionism and Free Trade
Trade war means increasing the debt, eroding the public confidence, raising prices, and burdening the economy with interventions. All of it done in the name of the "public good."
Global EconomyProtectionism and Free Trade
This week's avocado ban—and the behind-the-scenes regulatory regime governing avocado imports—reminds us that there is no such thing as free trade between the US and Mexico.