A Brief History of Tariffs and Stock Market Crises
Tariffs don‘t just raise consumer prices. They also affect capital flows and, on numerous occasions, have triggered stock market crises. What tariffs don‘t bring is prosperity.
Tariffs don‘t just raise consumer prices. They also affect capital flows and, on numerous occasions, have triggered stock market crises. What tariffs don‘t bring is prosperity.
Supporters of intellectual property laws claim that people will not innovate unless they are protected by such legislation. In reality, people are more likely to be innovative when they encounter real free markets, not markets characterized by artificial scarcity.
In the spirit of a new Cold War, Matthew Kroenig and Dan Negrea have written a new book, We Win, They Lose: Republican Foreign Policy and the New Cold War, which tries to fuse the foreign policies of Ronald Reagan and Donald Trump. The result is a foreign policy Frankenstein.
Argentina belongs to the large group of countries that have been systematically ruined by their own governments. There is no easy way out of this.
With Kamala Harris announcing she is open to imposing “reparations for slavery” if elected president, it is time to take a hard look at the injustice that would be part of this scheme. There is no way to fashion a just outcome out of it.
Opponents of President Biden‘s immigration policies have resorted to suing the Environmental Protection Agency to claim mass immigration harms the environment.
In areas prone to hurricanes and flooding, homeowners are forced to purchase insurance to comply with local building codes, mortgage requirements, and zoning regulations.
So-called economic moderates claim to support free-market capitalism, but then say that markets still need “some” government oversight. Free markets, however, don't need government-based rules because markets effectively regulate themselves.
Voting is controversial among Austro-Libertarians for many reasons. However, if one does choose to vote, one should understand that the state is never constrained by the voters and cannot be “reformed.”
Regulators with the European Union want people to believe that the “dead hand” of government regulation actually enhances competition. The only thing their actions enhance is more government power.