The Best Response to Foreign Tariffs? Lower Your Own

The Best Response to Foreign Tariffs? Lower Your Own

In the Bible it says, “He that is without sin among you, let him first cast a stone . . .” It also has been said that the one who strikes the second blow starts any fight. If the world is to avoid trade wars due to tariffs being imposed by the Trump Administration,...
A Trade War Won’t Be Good For the Dollar

A Trade War Won’t Be Good For the Dollar

On Wall Street, it’s best not to think too hard or to look too closely into the mouths of gift horses. Since making predictions based on actual economic understanding is rare, analysts typically look to provide explanations after the fact. Within the financial...
Free Trade vs. The Folly of Protectionism

Free Trade vs. The Folly of Protectionism

Protectionism fully implemented across all industries would mean a lower standard of living, because it would result in capital and labor unnecessarily being diverted into the production of goods that could more economically be produced elsewhere. Some say imports are...
‘Buy American’ is un-American

‘Buy American’ is un-American

According to a recent poll, 80% of Americans think it their patriotic duty to give preference to American-made products. But “Buy American” is wholly un-American in both its economics and its philosophy. America’s distinction among all the nations of...
Trump “Victories” on Trade are Anything But

Trump “Victories” on Trade are Anything But

Earlier this year when President Trump began beating the drums loudly, causing fear of a trade war (and assuring us that such a conflict could be easily won), I cautioned that he had no idea the trouble he was courting . Based on his spectacular misunderstanding of...
Celebrate Capitalism This May Day

Celebrate Capitalism This May Day

May Day will once again be celebrated by left-wing and environmentalist protestors united by a single emotion: a virulent hatred of capitalism, especially global capitalism. Why the hatred? The advantage of a global economy based on free trade and capitalism is so...
Hands Off Amazon.com and Sell Off the Post Office

Hands Off Amazon.com and Sell Off the Post Office

Typically, I don’t write about current politics—there are enough commentators doing so already—but I am making an exception on president Trump’s attack on Amazon. As reported by BBC News, he has claimed that the United States Postal Service is losing money on Amazon...
Trump’s Protectionist Tariffs Threaten a Trade War

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. President Donald Trump has announced...
Trade Deficits Are Only Dangerous When Caused By Government

Trade Deficits Are Only Dangerous When Caused By Government

In 2016, the United States exported goods and services equal to $2.209 trillion, and imported goods and services with a market value of $2.712 trillion. The balance of trade deficit for 2016, therefore, came to $502.3 billion. The trade deficit represented a little...

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