Trump, Trade, and Math

Trump, Trade, and Math

Many anti-trade politicians are motivated by “public choice,” which means they simply think of the issue as a way to get votes and campaign contributions. Donald Trump, however, seems to genuinely believe in protectionism. I think this is because...
Trump, Trade, and the Economy

Trump, Trade, and the Economy

A couple of days ago, I had an email exchange with some Trumpie friends who asserted that the recent GDP report (3 percent inflation-adjusted growth) was proof that Trump’s protectionist trade policy has been successful. Given the underlying details...
The “China Shock” and American Jobs

The “China Shock” and American Jobs

From an economic perspective, the most important part of this video is at 2:22, when I explain that everyone is better off in the long run when there are job losses caused by creative destruction. Today, I want to share some real-world data to confirm that assertion....