trade

By most measures of income, yes, but income does not account for the cost of living. 

It was French king Louis XIV (1638-1715) who famously declared, “L’etat c’est moi” (“I am the state”). This week, it was clearer than usual that this is an attitude apparently shared by Donald Trump, president of the United States. 

That socialism as an idea could survive hundreds of years — even back to the ancient world — is a tribute to the capacity of the human mind to imagine it can create that which reality will forever decline to make possible.

Many self-described free marketeers vociferously oppose antitrust laws.

President Trump fired the opening salvo in a trade war—reminiscent of the 1930s trade war from the Smoot-Hawley Act, which prolonged the Great Depression—when he announced he will impose tariffs of 25% and 10% on imported steel and aluminum.

Will tariffs on imported steel and aluminum help or harm US workers?

What if Republicans were to recklessly cut tax rates? Would the economy grow or lose in the long run?

Trump’s choice of Lighthizer is excellent personnel – to finally deliver us the vastly improved Chinese IP policy candidate Trump promised.

Not too surprisingly, for over two hundred and fifty years these ideas of Hume’s have both been highly controversial in philosophy, yet immensely influential across many social and scientific disciplines.

In this episode of the weekly Budget & Tax News podcast, managing editor and research fellow Jesse Hathaway is joined by Mercatus Center senior research fellow Daniel Griswold, talking about why “globalization” is not a dirty word, despite what politicians may be telling people this year.

In this episode of the weekly Budget & Tax News podcast, research fellow and managing editor Jesse Hathaway is joined by Scott Lincicome, an adjunct scholar with the Cato Institute and visiting lecturer at Duke University. Hathaway and Lincicome talk about how both major political parties used to believe in free-market trade, how both parties have been hijacked by cronyist anti-trade sentiment, and what conservatives can do to make American economic policy great again.

Why have prices fallen so low? Because government subsidies created a glut – and the market is flooded. This government money warps and distorts the marketplace – as otherwise productively-directed time and effort is instead spent chasing the government coin. Producers produce not what the marketplace needs – but for what the government pays.

For many people, Pittsburgh is defined by the confluence of the Alleghany and Monongahela Rivers, out of which is formed the Ohio River. Three Rivers. But, Pittsburgh was transformed from a disease-infested frontier town into a great city by a different kind of confluence: the combination of coal from West Virginia and iron from Minnesota and the upper peninsula of Michigan.