Protectionism and Free Trade

Displaying 31 - 40 of 245

And Now for a Really Bad Response to Political Calamity: Autarky

Economic PolicyProtectionism and Free Trade


The world is in chaos, so politicians MUST do something. Hence, they demand autarky, which is like attempting to put out a fire by pouring gasoline on it.

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There Is No Winner in This Trade War

Protectionism and Free Trade


Trade war means increasing the debt, eroding the public confidence, raising prices, and burdening the economy with interventions. All of it done in the name of the "public good."

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The Avocado Ban Shows the High Cost of Nontariff Protectionism

Global EconomyProtectionism and Free Trade


This week's avocado ban—and the behind-the-scenes regulatory regime governing avocado imports—reminds us that there is no such thing as free trade between the US and Mexico.

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Conservatives and the Free Trade Straw Man

Protectionism and Free Trade


Conservatism is allegedly grounded in a recognition of the natural limits of humanity. But when it comes to free trade, conservatives throw all that out the window. 

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Biden Has Embraced Trump's Protectionism

Protectionism and Free Trade


Tariffs and trade controls are little more than tax increases and a chance to further empower a bloated bureaucracy. Not surprisingly, Biden doesn't appear to be enthusiastic about embracing free trade.

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The 2021 Nobel Prize and the Trend of Economic Thinking

BiographiesCapitalismProtectionism and Free TradeTaxes and SpendingInterventionismOther Schools of Thought


The 2021 Nobel Prize in Economics has been awarded to Berkeley's David Card, MIT's Josh Angrist, and Stanford's Guido Imbens for their work on "natural experiments," a currently fashionable approach to estimating the causal impact of one economic variable on another. 

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Beer: A Short and Bitter History of Regulation

Bureaucracy and RegulationProtectionism and Free TradeWorld History


Some think that beer's history of regulation begins with hops, but beer has been hemmed in by government red tape for much longer.

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Why Is the French Government Running Off Foreign Investors?

Protectionism and Free Trade


Most people understand that it's a good thing when others invest money and capital in your community. But when Canadian investors offered to pour money into France as part of a deal to buy a French company, the regime said no thanks. 

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An Austrian Critique of Robert Mundell's "Impossible Trinity"

Protectionism and Free TradeMonetary TheoryOther Schools of Thought


The impossibility theorem, developed by Nobel-winning economist Robert Mundell, paints a false tradeoff between the free movement of capital, fixed exchange rates, and effective monetary policy. Under a gold standard, all three are a possibility.

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What the Shipping Container Shortage Reveals about US-China Trade

Protectionism and Free TradeU.S. Economy


In a normal world, American spending would have sharply declined during the past year. But a flood of newly printed money has juiced spending and imports. 

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