The most important lessons of an economic way of thinking haven't changed much in 40 years. But the students have.
The costs of tariffs are always shared — and domestic citizens inevitably bear a significant portion of the burden.
The claim that protectionism serves “higher ends” rests on a confusion about both economics and the non-economic goals people actually value.
Today's economic interdependence makes it surprisingly difficult to know when trade restrictions actually strengthen security — and when they backfire.
It’s trite but true that language matters and can mislead. Nowhere in economic policy is this more evident than in trade.
Forced redistribution dominates public discourse about wealth inequality, yet much of the debate overlooks how people earn, trade, innovate, and create value.
The old fiscal conservative mantra—that cutting taxes restrains government—has failed the test of time. When spending continues on borrowed funds, it’s not the beast that starves, but future taxpayers.
From your life expectancy to your home to your grocery cart, living standards have soared. But continued growth isn't guaranteed.
What if Donald Trump ran Mar-a-Lago’s economic affairs in the same way that he’s trying to run America’s? Let’s take a look.
Protectionism assumes Americans are foolish, squandering opportunities and mismanaging their finances. Free trade reflects confidence in our ability to adapt, compete, and prosper.