Trade and National Prosperity

Trade and National Prosperity

In late 2023, I compared the world’s top-10 free trade jurisdictions and the world’s top-10 protectionist nations. The numbers were shocking. Average per-capita economic output in the 10 ultra-free trade jurisdictions was more than $46.5 thousand. The...
Trump’s Tariffs and the Income Tax

Trump’s Tariffs and the Income Tax

Mark Perry of the American Enterprise Institute is famous for his Venn Diagrams that highlight intellectual incoherence and dishonesty. Taxation and incentives The War on Drugs The Minimum wage The Food and Drug Administration Consenting adults Trade Taxation and...
Trump Doubles Down on Protectionist Failure

Trump Doubles Down on Protectionist Failure

I shared a “Trade 101 for Trumpies” presentation last month in hopes of educating people about the foolishness of protectionism. Perhaps it should have been a remedial class because the president has just announced another increase in taxes on steel and aluminum...