by Dan Mitchell | Oct 28, 2024 | Blogs, Trade
Why has the United States imposed a trade embargo against Cuba for many decades? The answer is that both Republican and Democratic politicians have understood that trade restrictions will hurt the Cuban economy. Whether a Cuban blockade makes sense...
by Dan Mitchell | Oct 23, 2024 | Blogs, Economics, Taxation, Trade
I’m not a fan of the International Monetary Fund, mostly because of the bureaucracy’s support for bailouts and higher taxes. Those are terrible policies for the global economy. If you want to add insult to injury, the IMF’s forecasting ability also...
by Dan Mitchell | Aug 30, 2024 | Blogs, Economics, Trade
Frederic Bastiat, the great French economist from the 1800s, explained that a good economist looks at both direct effects and indirect effects of government policies. Here are a few examples. If tax rates are increased, a good economist will look at the...
by Dan Mitchell | Jun 18, 2024 | Blogs, Trade
Six years ago, I wrote a column explaining why America’s growth in the 1800s was not because of punitive trade taxes. Let’s look at that issue again, starting with this video from Johan Norberg. I’m motivated to revisit the topic because Trump recently...
by Dan Mitchell | Jun 8, 2024 | Blogs, Trade
In 2019, the Center for Freedom and Prosperity released this video documenting the benefits of free trade. The case for free trade between nations is the same as the case for free trade between states. Or between cities. Or between households. Economists...
