Protectionism and Free Trade
America's thriving energy sector has boomed in part thanks to inexpensive foreign steel.
Decentralization and SecessionEntrepreneurshipPrivate Property
In a truly free society, the scope of government easily can be reduced to a much smaller domain than even many friends of freedom often think.
There is no danger of China truly freeing its economy and thus really rivaling America's more market-based system.
Free MarketsFrom the ArchivesProtectionism and Free TradeU.S. Economy
Protectionism may provide some short-term benefits to a small number of special interests, but at much greater costs to the rest of society.
A tariff is a tax on imports. That tax is paid by every American who buys the now-more-expensive product.
World HistoryGold StandardMoney and BankingOther Schools of Thought
Media and CultureWorld History
Markets and trade offer far more benefit for ordinary people than participation in the state's wars.
Money and BanksMoney and Banking
Even with falling interest rates and high liquidity, there have been spectacular bankruptcies, so imagine what can happen when rates rise.
Global EconomyProtectionism and Free TradeU.S. Economy
What America is facing are the illogical trade policies of an economically illiterate president in the White House.