by Dan Mitchell | Mar 27, 2025 | Blogs, Economics, Trade
I’ve periodically mentioned that Herbert Hoover’s protectionism contributed to the Great Depression of the 1930s. In today’s column, let’s look at some details. We’ll start with this short video featuring Dartmouth’s Doug Irwin....
by Dan Mitchell | Mar 17, 2025 | Blogs, Trade
In late 2023, I compared the world’s top-10 free trade jurisdictions and the world’s top-10 protectionist nations. The numbers were shocking. Average per-capita economic output in the 10 ultra-free trade jurisdictions was more than $46.5 thousand. The...
by Dan Mitchell | Mar 12, 2025 | Blogs, Trade
Mark Perry of the American Enterprise Institute is famous for his Venn Diagrams that highlight intellectual incoherence and dishonesty. Taxation and incentives The War on Drugs The Minimum wage The Food and Drug Administration Consenting adults Trade Taxation and...
by Dan Mitchell | Mar 11, 2025 | Blogs, Trade
I shared a “Trade 101 for Trumpies” presentation last month in hopes of educating people about the foolishness of protectionism. Perhaps it should have been a remedial class because the president has just announced another increase in taxes on steel and aluminum...
by Dan Mitchell | Mar 5, 2025 | Blogs, Trade
Trump didn’t learn from the failure of protectionism during the Great Depression. And he didn’t learn from the failure of protectionism during his first term in office, so he’s now launched a new trade war by imposing higher taxes on cross-border commerce. Trump will...
