At the end of the day, the balance of payments always balances.
Trade
Fallout from the Trade Wars
The president pledges to “make America great again,” which is a crucial and noble sentiment. But protectionism only hurts rather than helps do that job.
The Best Response to Foreign Tariffs? Lower Your Own
The fact is, while the U.S. and the major European countries have emphasized the idea and benefits from free trade, all of these governments impose various types of tariff and other barriers to shelter selected sectors of their respective economies.
A Trade War Won’t Be Good For the Dollar
A trade war may also finally prompt China to do the smart thing and dump its trillion-plus holdings of U.S.
Trump “Victories” on Trade are Anything But
Elimination of the trade deficit will be a hollow victory if it results in a significant reduction in living standards.
Tariff Wars (and the Fallacy of the Balance of Trade)
The world may be on the brink of a series of trade wars between the United States and both the European Union and China. All the parties say they don’t want this — though President has asserted that trade wars are not a problem and easy to win. That remains to be...
Hands Off Amazon.com and Sell Off the Post Office
President Trump should focus on getting government out of business by deregulating—and privatizing the United States Postal Service.
The Trump Tariff is Really a Gigantic Tax on American Consumers
A tariff is essentially a tax that will be paid by domestic consumers.
Trump’s Protectionist Tariffs Threaten a Trade War
The illogical trade policies of President Trump not only threaten to make Americans poorer, but could start a global trade war that could lead to decreasing standards of living for hundreds of millions of people around the globe.
Trade Deficits Are Only Dangerous When Caused By Government
Governments have sold their bonds to fund vote-buying welfare state spending, or expanding bureaucracies with loyal supporters of power-hungry politicians, or on delusional dreams of military power, or colossal public works projects hailing the greatness of the dictatorial or democratically elected leader.
Trump’s Anti-Capitalist Economic Trade Policies
Economic warfare threatens a downward spiral with reduced trade among nations, and declining standards of living from following this wealth-destroying path.
What Does It Take to “Make America Great Again”?
Preferring American-made products to those made in China or Mexico just because they were made in America, does not enhance American prosperity.
Government “Free” Trade Deals Don’t Promote Freedom
Truly free trade can only take place in free markets, not in the prevailing mixed economies where governments pick favored trading partners
Globalization Faces Challenges
Those countries that embrace free trade with new technologies stand to reap great rewards. Those who do not, and revert to trade protectionism, could experience economic recession and monetary adversity accompanied by serious social and financial upheaval.
Trump: Wrong On Free Trade
Protectionism is not a recipe for prosperity—free trade is.
The Truth About Free Trade, Free Markets and Capitalism
Americans will most gain from whatever trading opportunities that may offer themselves around the globe if the U.S. government follows a strict and principled policy of unrestrained and unrestricted free trade with any and all nations of the world.
Protectionism No Better than Socialism
“The philosophy of protectionism is a philosophy of war.”
Trade Deficit Angst
International trade operates under the same general principles as domestic trade.
Free Trade, Tariffs and Quotas: “Protectionism” vs. Individual Rights
Is the protection of domestic jobs more important than the protection of individual rights?
Balance of Trade: China Is Not “Killing Us” with Foreign Trade
American job losses are not the result of freer trade and an excess of imports over exports, but of government policies that prevent capital accumulation in the United States, among them policies that limit imports.
The Great FreedomFest Debate Was Like Watching Tom and Jerry
With apologies to his fans, Jerry is an evil little mouse who constantly pesters Tom the Cat. Tom tries and tries, but cannot seem to overpower someone who is a fraction of his size and strength.
Watching Stephen Moore attempt to debate Paul Krugman was like that.
Free Trade Benefits vs. Fears of Foreign Goods
All who participate gain from international trade, and all are made poorer to the extent that governments interfere or prohibit the freedom of trade among the peoples of the world.
The Most Common Error in Economic Debates
Have you ever been in an argument about whether we should raise taxes and then someone tosses out a real whopper? “The top tax rate for decades after World War II was over 90% and look how the economy boomed!” Or perhaps you read a Paul Krugman column where he said...
The Only "Fair" Trade is Free Trade
In a recent defense of what he calls "fair trade," Barack Obama stated that one major purpose of trade agreements is to ensure that American products are made at home -- not bought from other countries. No such thing is true. The purpose of any trade agreement should...
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