Protectionism and Free Trade

President Trump has promised “billions and billions” of dollars in new revenue from his tariffs not to mention economic rejuvenation. The odds are not in his favor, to put it mildly.

We should not look just at the visible and obvious results of tariffs. We must also look at the good things that the tariffs keep from happening.

Bob argues that the only way to cripple Mexican drug cartels is through US drug legalization.

The entire existing trade system for milk is emblematic of governments’ convoluted intrusions into foreign trade and domestic protections.

President Trump claims that tariffs built American wealth. The truth is that tariffs cannot build wealth at all, only destroy it.

The media is spinning the story as a political hot potato: can tariff increases make up for the future revenue losses from extending the income tax reductions from President Trump’s first term?

The world‘s trading systems are broken, thanks to fiat currencies and the reckless deficit spending by the US government. There is a way out; it is called settling accounts in gold, which would force fiscal sanity once more.

How can we determine if a private company is a true partner of the state—truly benefiting from state power—or if the private company is really a victim of the state?

President Trump is levying high tariffs without consent of Congress, despite the fact that the US Constitution gives only Congress the power to set tax rates. It is time for Congress to stop redelegating its lawfully-delegated powers.

Either tariffs raise revenue from foreign imports or make imports expensive enough to protect domestic producers, not both. There is nothing magical about tariffs. They are taxes and they are paid by you.