Protectionism and Free Trade

Two US government interventions are impacting global aluminum’s supply, demand, and prices.

A trade deficit sounds like losing—buying more than you sell. Lucas Engelhardt on why that 200-year-old intuition is exactly backwards, and what a deficit actually means.

How the Industrial Revolution and foreign investment made some nations rich while others stayed poor, closing with Mises’s defense of capitalism.

Ludwig von Mises had many insights about immigration. As one might expect, he foresaw problems with open borders, but also believed immigration could benefit a nation.

While there is a public uproar about China having access to the work of American scientists, there is a bigger issue at stake: Is science “owned” by “the public”? If not, why are we so worried about the Chinese?

While there is a public uproar about China having access to the work of American scientists, there is a bigger issue at stake: Is science “owned” by “the public”? If not, why are we so worried about the Chinese?

The Trump administration continues its bellicose war against Iran, destroying opportunities for prosperity through meaningful commerce along the way.

The Trump administration continues its bellicose war against Iran, destroying opportunities for prosperity through meaningful commerce along the way.

Trump sells tariffs as “freedom,” but they’re just another tax punishing consumers, fueling chaos, and expanding state power.

The Trump administration is trying to develop programs to domestically produce “critical” minerals that might be unavailable during trade disruptions. Of course, it is turning into yet another central planning fiasco.