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...
Trump’s Anti-Capitalist Economic Trade Policies

Trump’s Anti-Capitalist Economic Trade Policies

An often forgotten truth is that it is not just military warfare that can cause injury to innocent bystanders, the same inescapably happens in economic warfare initiated by governments, as well. But in the latter case the human “collateral damage” is a targeted...
What Does It Take to “Make America Great Again”?

What Does It Take to “Make America Great Again”?

In his inauguration speech, President Trump promised, as expected, to “make America great again”—but he was short on the principles and details as to how that would be achieved. He painted a bleak picture of factories closing, companies and jobs fleeing elsewhere, and...
Government “Free” Trade Deals Don’t Promote Freedom

Government “Free” Trade Deals Don’t Promote Freedom

So called “free” trade deals between governments are immoral—because they destroy companies’ freedom to trade freely with whomever they see fit. As Lawrence Solomon explains in an excellent Financial Post column, such trade deals do not promote free trade but “fixed...
Globalization Faces Challenges

Globalization Faces Challenges

For much of the second half of the 20th Century, and even into the new millennium, “Globalization” was the dominant theme used to describe the drift of the world economy. It was widely considered both natural and inevitable that the world economy would continue to...
Trump: Wrong On Free Trade

Trump: Wrong On Free Trade

The American people have now voted Donald Trump for their president-elect on a promise that he will make America prosperous—by restricting trade and making it “fair”. Among other things, he threatened to “trash” NAFTA, the North American Free Trade agreement. While...
The Truth About Free Trade, Free Markets and Capitalism

The Truth About Free Trade, Free Markets and Capitalism

The current political campaign for the U.S. presidency has brought out the worst in both the personalities and the policy positions among many of those running for that high political office, and this has been especially the case with international trade and the...
Protectionism No Better than Socialism

Protectionism No Better than Socialism

New research suggests China’s economic future may not be bright because of the country’s aging population and its low fertility rates. China’s problem is not the aging of the population. A free market could handle that. So could political freedom, which would permit...
Trade Deficit Angst

Trade Deficit Angst

Let’s look at the political angst over trade deficits. A trade deficit is when people in one country buy more from another country than the other country’s people buy from them. There cannot be a trade deficit in a true economic sense. Let’s examine...

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