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Protectionism and Free Trade
Octavio Paz, defined government as "the philanthropic ogre," a creature that seemingly wishes to help the unfortunate, but at the same time devours more and more of the nation’s prosperity.
Labor and WagesProtectionism and Free Trade
Historically, US immigration policy limited rejection and deportation to those deemed to be either criminals or incapable of supporting themselves economically. The modern quota system takes a far more arbitrary approach.
Protectionism and Free TradeTaxes and Spending
American tariffs are just taxes on Americans, and its the American consumer who will suffer most.
Why attack the most vulnerable in our society, who benefit enormously from inexpensive imported retail goods?
The Constitutional ban on export duties has always been a hollow victory. Export tariffs are analytically equivalent to import tariffs.
The EntrepreneurLabor and WagesProtectionism and Free TradeValue and Exchange
Business owners understand that the key to prosperity is to reduce costs and deliver more goods to the customer. Wage workers, however, often want higher prices in order to "protect" their jobs.
Global EconomyProtectionism and Free TradeU.S. Economy
Trump’s trade war is not about about being patriotic or protecting American businesses. It is about politics and bad economics.
Protectionism and Free TradeU.S. History
Since the Tariff Act of 1789, the tariff has been the playground of special interests, and used as a means of rewarding political friends, and harming political enemies.
Trump's new tariffs just happen to protect certain industries that are big political donors.
Global EconomyMoney and BanksProtectionism and Free Trade
Many people fail to correctly distinguish between the causes and effects of price inflation and those of monetary inflation.