Trump’s Tariffs and the Income Tax

Trump’s Tariffs and the Income Tax

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...
Trump Doubles Down on Protectionist Failure

Trump Doubles Down on Protectionist Failure

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...
Trump’s Costly De Minimis Trade Gambit

Trump’s Costly De Minimis Trade Gambit

Protectionism is illogical. It is based on the notion that it is good to have higher prices and inefficient allocation of resources. Which is why trade barriers inevitably lead to lower growth and fewer jobs. All based on an utterly irrelevant...