By Art Carden We trade so frequently that we don’t even think about it any longer. It’s just mundane; and indeed, if you’re reading this, you’re probably unfamiliar with a world in which you don’t carry a pocket supercomputer that allows you to buy essentially anything you want and have it shipped to your doorstep in a few days. Trade creates wealth. Recall that wealth is … [Read more...] about Two Ways Trade Creates Wealth
By Peter C. Earle News over the last several days of a rise in Covid-19 infections raised concerns regarding a “second wave” of coronavirus infections; and in turn about new rounds of lockdowns and other restrictive measures. One could be forgiven for wondering why if stay-in-place orders, interstate movement restrictions, and other such tyranny didn’t scare off or confuse … [Read more...] about An Inalienable Human Right to Commerce
By Jeffrey A. Tucker For years now, competent commentators have tried to explain that tariffs do no one any good (on net). They are taxes. They increase business costs. They force businesses to cough up to the government for no particular reason. They don’t work to open economies. They sow seeds of distrust. They invite retaliation thus ruining export markets in addition to … [Read more...] about Is It Obvious Yet That Tariffs Injure Americans?
By Max Gulker The trade war initiated last year by the United States is costing the global economy dearly. As observers around the world digest economic data from the second quarter, the harm manifests itself in different ways around the globe. Distilling a single narrative about why and how the trade war has harmed world economies is nearly impossible. A look through … [Read more...] about New Data Show the Trade War’s Mounting Costs
By Mark J. Perry Three economists at the University of Chicago and the Federal Reserve Board studied the effects of Trump’s 2018 tariffs on imported washing machines in a new research paper titled “The Production, Relocation, and Price Effects of US Trade Policy: The Case of Washing Machines” and concluded that (italics added): Despite the increase in domestic production … [Read more...] about Trump’s Washing Machine Tariffs Cost Consumers $800,000 Per Job Created