Trump’s Self-Sabotaging Trade Taxes

Trump’s Self-Sabotaging Trade Taxes

What’s worse, a politician who knowingly supports bad policy or a politician who actually thinks that bad policy is good policy? I was very critical of the Bush Administration (I’m referring to George W. Bush, but the same analysis applies to George H.W. Bush) because...
Washing Machines, Protectionism, and Net Job Losses

Washing Machines, Protectionism, and Net Job Losses

When I pontificate about trade, I often point out that protectionism is a net negative for the economy. Yes, it is possible to erect trade barriers that benefit specific sectors and protect certain jobs, and this is the “seen” benefit. But the “unseen” costs...