by Dan Mitchell | Oct 3, 2025 | Blogs, Free Market, Trade
Back in 2018, I wrote a column about trade and “comparative advantage.” Let’s delve further into the issue with this video from Kite & Key. Just like “creative destruction,” people don’t intuitively understand comparative advantage. In the video, I...
by Dan Mitchell | Sep 22, 2025 | Blogs, Economics, Trade
Economic theory can be very instructive. If we understand the roles of incentives, cost-benefit analysis, and relative prices, for instance, that can help guide public policy. Higher tax rates on work will lower incentives to be productive by changing...
by Dan Mitchell | Aug 20, 2025 | Blogs, Economics, Trade
Every so often, I see a powerful visual that leads me to recycle the line about “a picture says a thousand words.” The failure of government schools Obama’s grim employment data Inefficient and excessive welfare More capital means higher wages Today, let’s add to the...
by Dan Mitchell | Aug 5, 2025 | Blogs, Trade
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...
by Dan Mitchell | Aug 1, 2025 | Blogs, Economics, Trade
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...
