Free Trade
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Understanding Trade Balances and What to Do About Them
Part 1: What is a Trade Balance? The balance of trade, often described under the heading of a “trade deficit” or a “trade surplus,” is the difference between the dollar […]
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Resource Allocation: Why You Can’t ‘Just Ignore the Economists’
“Rather than paying with money, those in search of scarce goods people will pay with their time and effort.” ~David Hebert
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Tariffs ‘Protect’ Insiders, While Americans Pay the Price
“The best way to address unfair trade practices is not through blanket tariffs but by expanding trade with allies and non-hostile nations.” ~Vance Ginn
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Regulatory Burden Falls Hardest on the Poor
“Occupational licensing — the costly requirement of a license to be engaged in a particular profession — has grown massively in recent decades. Many of the new regulations fall on low- and medium-income professions.” ~Vincent Geloso
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‘Trivial’ Tariff Would Cost the Poor Billions
“If the de minimis exemption were eliminated, people living in the poorest zip codes would face average tariffs of 12.1 percent.” ~Bryan Riley
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Industrial Policies Aren’t Working
“If other governments insist on harming their countries’ economies with such interventions, that’s their business. We can pity the citizens of those countries.” ~Donald J. Boudreaux
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Do EV Producers Need Taxpayers’ Protection?
“Protectionist subsidy of American EV producers necessarily diverts resources away from other industries in the US. What is the value of the production that declines in America because of EV protection?” ~Donald J. Boudreaux
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Ruminations on Income Inequality
“Many of today’s low-income workers will be tomorrow’s middle-income workers; and many of these workers will be among the country’s highest-income earners sometime in the future.” ~Donald J. Boudreaux
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On America’s ‘Trade Deficit’ With China
“The negative connotation conveyed by the term ‘trade deficit’ is so very useful to the protectionist cause that protectionists seem to have no interest in getting their — or their audiences’ — thinking straight about this concept.” ~Donald J. Boudreaux
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GOP Trade Platform Would Penalize Forgotten Americans
“The GOP platform calls for new Buy American restrictions, but this is just warmed-over Bidenomics. The Peterson Institute calculates that Buy American measures cost US taxpayers $94 billion in 2017.” ~Bryan Riley
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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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Protectionists Are Wrong: Free Trade is the Path to Prosperity
“Consumers and producers in America are better off with more domestic and international trade. As we don’t want to produce everything we consume daily, trading with others is the most efficient way to meet our needs.” ~Vance Ginn
