Free Trade
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Economist and Revolutionary – Adam Smith and 1776
Samuel Gregg examines Adam Smith’s analysis of the economic drivers behind the American Revolution. He highlights Smith’s revolutionary solutions for resolving the conflict and concludes by applying these enduring insights to contemporary global issues.
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Look West, America
The American Institute for Economic Research educates people on the value of personal freedom, free enterprise, property rights, limited government, and sound money. AIER’s ongoing scientific research demonstrates the importance of these principles in advancing peace, prosperity, and human progress.
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What Is the Jones Act—and Can It Be Fixed?
The Jones Act has been a staple of the American political landscape for over one hundred years. It has also created many unintended consequences.
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Who Really Sets Tariffs—and How?
In this Explainer, we’ll seek to understand what tariffs are, who gets to set them, and under what conditions.
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Understanding Trade Balances and What to Do About Them
Prior to 1976, the United States experienced modest trade surpluses. Since then, the US has seen nothing but trade deficits.
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A Free, Prosperous and Secure America
This paper holds that free trade generally enhances US national security, while economic nationalist or neo-mercantilist policies tend to undermine it. Trade liberalization does not guarantee harmony between states.
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Trump, Tariffs, and Income Taxes
“Perhaps Trump’s goal is simply to eliminate the federal income tax. If so, then he should advocate for doing that and only that. Eliminating the income tax would, in fact, make Americans richer in after-tax dollars.” ~David Hebert
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The US-Mexico-Canada Trade Deal Is Not as Good as Nafta
If the Republicans truly do care about the health of the economy and about the legacy of the tax cuts, they better stop mouthing the administration’s narrative on trade, and fight to stop the damage.
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Trade War Goes Bipartisan, and the Fed Will Make It Worse
The trade war is heating up. Unfortunately, the Fed’s current framework will exacerbate the damage.
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The Trade War: A One-Year Assessment (Executive Summary)
Anyone who maintains that a $75 billion income tax cut helps the economy must also agree that a tariff hike of $45 billion or more must harm the economy. This study looks back on the unprecedented developments in international trade that happened in 2018.
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Bastiat: Storyteller and Theorist
I submit that Bastiat ranks, at the very least, among the greatest of all applied economic theorists. His work should be more widely known; it deserves much greater professional respect.
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Tariffs Successfully Raised the Trade Deficit
For one thing, contrary to the administration’s promise, unilaterally raising tariffs hasn’t resulted in reduced foreign tariffs and better access to foreign markets for U.S. exporters. Instead, foreign tariffs have gone up, and threats of retaliation continue. That explains some of the drop in exports to China. But that’s not all that is at play…
