by Dan Mitchell | May 6, 2019 | Blogs, Economics, Taxation, Trade
Back in 2015, when Trump was a long-shot candidate for the Republican nomination, I criticized him for not signing the no-tax-hike pledge. But he then pushed through a better-than-expected tax plan after getting the White House. And that package reduces the tax burden...
by Dan Mitchell | Apr 22, 2019 | Blogs, Trade
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...
by Dan Mitchell | Mar 18, 2019 | Blogs, Economics, Trade
In January, I shared a short video about protectionism, which expanded on some analysis from a one-minute video from last year. Today, here’s a short video explaining the trade deficit, which also expands on a one-minute video from last year. Simply stated, trade...
by Dan Mitchell | Mar 15, 2019 | Blogs, Economics, Trade
In a video I shared two months ago included a wide range of academic studies showing that government-imposed trade barriers undermine economic prosperity. Not that those results were a surprise. Theory teaches us that government intervention is a recipe for economic...
by Dan Mitchell | Mar 12, 2019 | Blogs, Economics, Taxation
When I write about the benefits of trade, I periodically point out that America has a trade deficit because it has a foreign investment surplus. And since investment is a key driver of economic growth and rising wages, that’s a good outcome. It basically means that...
