Protectionism and Free Trade

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.

Tariffs block the entrepreneurial discovery process that is essential for progress. Tariffs and protectionist policies are damaging in all respects.

Whatever the case, what the Decoupling America’s Artificial Intelligence Capabilities from China Act translates to is another example of an egregious overstep in government authority.