by Dan Mitchell | Jul 25, 2018 | Blogs, Trade
President Trump is a protectionist. He doesn’t understand the principle of “comparative advantage.” And he’s wrong about the implications of a “trade deficit.” But that doesn’t mean everything he says about trade is wrong. He frequently accuses other nations of...
by Dan Mitchell | Jul 20, 2018 | Blogs, Trade
There were many policy mistakes that contributed to the Great Depression. Monetary Policy presumably deserves the lion’s share of the blame, but politicians also increased the fiscal burden of government and radically expanded the amount of regulatory intervention....
by Dan Mitchell | Jul 16, 2018 | Blogs, Economics, Trade
I get offended when I hear people argue that Donald Trump is another Ronald Reagan. I’m not saying that out of animosity to the President. I also got offended when people compared Bush 41 or Bush 43 to Reagan. I realize Reagan was not perfect, but I think he genuinely...
by Dan Mitchell | Jul 12, 2018 | Big Government, Blogs
A couple of days ago, I shared a segment from a TV interview about trade and warned that retaliatory tariffs were a painful consequence of Trump’s protectionism. I also was asked in that interview about the negative effect on farmers. I speculated that farmers (and...
by Dan Mitchell | Jul 9, 2018 | Blogs, Trade
The theoretical case against protectionism is very straightforward. Economic growth suffers when politicians interfere with markets. The empirical case against protectionism also is very straightforward since there’s lots of data showing that it’s a job killer....
