When President Donald Trump announced the "Liberation Day" tariffs on most imports in early April, his trade advisors promised it was the prelude to new, better trade deals with dozens of other countries.…
"There are so many people and institutions that come to mind for their role in the success we celebrate tonight," President Ronald Reagan said at the 1981 Conservative Political Action Conference, just two months…
When industries can boost profits more easily by lobbying for tariff exemptions than by competing in the marketplace, they will—and those incentives grow stronger as government intervention in the economy increases. On April…
Vice President J.D. Vance is not ignorant about the power of the free market. He's just very selective about when that principle ought to apply. "What you shouldn't have is a dictatorial government that tells…
After decades of shouting into the void that free trade is good, those of us in the "eliminate tariffs, embrace comparative advantage, and let me buy my haggis-flavored chips online without an import tax" crowd are…
The movie The Big Short—dramatizing the reckless behavior in the banking and mortgage industries that contributed to the 2008 financial crisis—captures much of Wall Street's misconduct but overlooks a central player in…
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