Profiles

If the Chinese sell us stuff and then "hoard" the money we pay them, that increases the value of the dollars we continue to hold here in the US, while also leaving us with more stuff to sell elsewhere.

If modern claims about the harm of free trade are true, then Lincoln must have been helping the Confederacy with his military blockade.

When people change cities, they are likely to change their consumption patterns — which means a simple cost-of-living index doesn't tell us what it should.

The Constitutional ban on export duties has always been a hollow victory. Export tariffs are analytically equivalent to import tariffs.

The lack of trade barriers between the US states offers lessons for US trade relations with other countries.