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Analysis

Bill Kristol, Hedgehog King

August 4, 2018 0

Remember when Bill Kristol said the Iraq War would last two months?  It (officially) lasted nine years and cost Americans over $2 trillion—and we’re still there. How about when Kristol boldly stated that Barack Obama […]

shipping containers embody foreign trade, which is causing the US trade deficit
Analysis

The NYT is Wrong About Trade. So is Everybody Else.

July 29, 2018 0

On July 15 President Trump tweeted: the European Union is America’s “foe” because of “what they do to us in trade.”  The European Council President Donald Tusk frantically responded: Europe and America are the “best […]

adam smith on the wealth of nations and tariffs
Analysis

Adam Smith on Tariffs: an Interview

July 28, 2018 1

Adam Smith, author of An Inquiry into the Nature and Causes of the Wealth of Nations, considered the arguments made by today’s proponents of unilateral free trade and responded to them in print – more […]

harley davidson logo
Analysis

On Harley-Davidson’s Big, Fat Mistake

June 29, 2018 0

Last month Harley-Davidson announced that it would move production for its European customers overseas, in order to avoid the European Union’s (E.U.) new import duties. President Trump slammed the move, and accused the company of […]

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Big Ideas

Analysis

No. Tariffs are Not “Domestic Sanctions”

June 12, 2018 1

the wisdom of irony The Democratic People’s Republic of Korea (North Korea) is not democratic—it’s barely even a republic.  The same goes for the Democratic Republic of the Congo, and the Lao People’s Democratic Republic […]

Analysis

Why Karl Marx Supported Free Trade

May 29, 2018 2

Understanding Karl Marx on Free Trade What do David Ricardo, Ben Shapiro, and Karl Marx have in common? They’re all free traders. No, this is not a tongue-in-cheek jab designed to smear Ricardo or Marx. […]

Analysis

How Global “Free Trade” Killed the Middle Class

March 30, 2018 5

a wolf in sheep’s clothing In a piece for the Washington Post, former CNN correspondent Heather Long, and her colleague Andrew Van Dam, write that President Trump’s tariffs will hurt Trump voters the most.  Their […]

free trade doesn't work, the baguette shop, an allegory
Analysis

Why Free Trade Doesn’t Work: an Allegory

March 14, 2018 5

The Baguette Shop, or an economic parable on asymmetrical competition You own an artisanal bakery that makes the best $2 baguettes in town—business is booming.  In fact, business is so good that a German bakery […]

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