Protectionism and Free Trade

American politicians today are attacking free economic exchange, claiming it is lowering our standards of living. In reality, trade and exchange is the real golden goose.

Bob goes solo to give the historical context and true meaning behind "Say's Law," as well as the caricature presented by Keynesian critics.

So-called fair trade is the rage among elites who believe that it protects people in poor nations who would like higher prices for their exports. In reality, fair trade distorts prices and provides disincentives for consumers.

Contrary to popular belief, China's economy depends much less on central planning than in the past. China is strong in EV development, and the success is due not to government subsidies and direction but to plain good economics.

Recorded in front of a live audience at the 2024 Mises University, Bob discusses recent market turbulence with Mark Thornton.

One of the excuses for levying protective tariffs is to protect emerging domestic industries. However, this kind of protectionism, contrary to popular opinion, leaves an economy worse off every time.

Let's abolish regulations.

Why don't trade agreements work?

Prompted by a listener request, Bob gives the standard economic analysis of tariffs and other types of taxes.

What began as supposedly a free trade union has been turning into an authoritarian, interventionist nightmare. A recent speech by a top European Union commissioner shows the sad direction the EU is heading.