The Economics of Trade Balances

Last month, I explained why trade deficits don’t matter. I make the same point in this short video from Freedom Partners. Near the end of the video, I pointed out that unfettered trade is good, whether with your neighbors or with people in other nations. And I also...

Trade Deficits (Mostly) Don’t Matter

In doing some research about how to present the best case for free trade and against protectionism, I found some excellent commentary on why trade deficits don’t matter. Here are some excerpts from a column by Don Boudreaux, a professor at George Mason University....
NAFTA, USMCA, and Dodged Bullets

NAFTA, USMCA, and Dodged Bullets

I don’t want to write about Trump’s new NAFTA deal (which now has the clunky acronym of USMCA), largely because not much changed since the partial deal with Mexico was unveiled. Also, it’s hard to get too worked up about the new agreement since it largely tinkers with...

Seven Reasons to Support Free Trade

Earlier this week, Neil Cavuto asked me about the politics of trade and I warned that Trump’s protectionism may backfire on Republicans because many workers and businesses are suffering the consequences. Needless to say, I’m not a political expert, and I think even...