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...
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...