The Curious Engineer

Cafe Hayek

2025

1,125 posts

← 2024 2026 →

2025 1,125

December 2025

  1. Protectionism Is Destructionism – Not a Funny Matter
  2. Some Links
  3. Quotation of the Day…
  4. The Condition of My Support for a Policy of Free Trade
  5. The Terms of Protectionism
  6. Some Links
  7. Quotation of the Day…
  8. Michael Pettis Is a Very Poor Trade Economist
  9. Bonus Quotation of the Day…
  10. Some Links
  11. Quotation of the Day…
  12. Noah Smith Is Mistaken About Trade Deficits
  13. Some Links
  14. Quotation of the Day…
  15. Some Links
  16. Quotation of the Day…
  17. Trade Surpluses Are Not Evidence of ‘Overcapacity’
  18. Some Links
  19. Quotation of the Day…
  20. Quotation of the Day…
  21. Peter Navarro’s Protectionist Illogic
  22. Some Links
  23. Quotation of the Day…
  24. Some Links
  25. Quotation of the Day…
  26. Some Links
  27. Quotation of the Day…
  28. On Reagan, China, and Protectionism
  29. Some Links
  30. Quotation of the Day…
  31. Oh That the Absurd Mercantilist Concept of “Balance of Trade” Had Never Been Devised
  32. Some Links
  33. Quotation of the Day…
  34. One Weird Trick
  35. Some Links
  36. Quotation of the Day…
  37. Bonus Quotation of the Day…
  38. Lower-priced Goods are a Blessing, Not a Curse
  39. Stop Slaying the Strawman Case Against Tariffs
  40. Some Links
  41. Quotation of the Day…
  42. Service-Sector Workers Want Other People to Work in the Manufacturing Sector
  43. Some Links
  44. Quotation of the Day…
  45. Protectionism’s Language is Loaded
  46. Some Links
  47. Quotation of the Day…
  48. Supporting Cafe Hayek
  49. Some Links
  50. Quotation of the Day…
  51. Trump Holds Americans Hostage to Improve the Well-Being of Non-Americans
  52. Some Links
  53. Quotation of the Day…
  54. How Smart Are Beijing’s Thugs?
  55. Some Links
  56. Quotation of the Day…
  57. Beggar Thy Own Citizens
  58. Some Links
  59. Quotation of the Day…
  60. The Unexamined Presumptions of Protectionism Are Plenty and Preposterous
  61. Humanity Has a Huge Surplus of Economic Misunderstanding
  62. Some Links
  63. Quotation of the Day…
  64. The Heart of the Case for Free Trade
  65. Some Links
  66. Quotation of the Day…
  67. Enough With Being Shocked By China’s Economic Performance
  68. Trump’s Trade ‘Policy’ Is Harming America
  69. Some Links
  70. Quotation of the Day…
  71. Some Links
  72. Quotation of the Day…
  73. Neither Logic Nor the Laws of Economics Are Suspended by Political Borders
  74. Some Links
  75. Quotation of the Day…
  76. Darkhizer
  77. Some Links
  78. Quotation of the Day…
  79. Another Open Letter to Oren Cass
  80. Some Links
  81. Quotation of the Day…
  82. Trump Is Helping to Protect the Tourism Industries of Foreign Countries
  83. Questions for Redistributionists
  84. Some Links
  85. Quotation of the Day…
  86. Some Links
  87. Quotation of the Day…
  88. Some Links
  89. Quotation of the Day…
  90. Some Links
  91. Quotation of the Day…

November 2025

  1. Don’t Be Suckered by Sorkin’s 1984ing of 1929-1940
  2. Some Links
  3. Quotation of the Day…
  4. Some Links
  5. Quotation of the Day…
  6. A Bet Not Taken (But My Offer Of It Remains Open!)
  7. Some Links
  8. Quotation of the Day…
  9. A Quirky Export Tariff
  10. Some Links
  11. Quotation of the Day…
  12. Some Links
  13. Quotation of the Day…
  14. Facepalm
  15. Some Links
  16. Quotation of the Day…
  17. Wisdom from Tocqueville
  18. Some Links
  19. Quotation of the Day…
  20. On Those “TRILLIONS”
  21. Some Links
  22. Quotation of the Day…
  23. Trump’s Tariffs and Manufacturing Employment
  24. Some Links
  25. Quotation of the Day…
  26. Talking With Vance Ginn About Phil Gramm’s and My Book, “The Triumph of Economic Freedom”
  27. Some Links
  28. Quotation of the Day…
  29. A Case Against the Case For Banning Surrogate Motherhood
  30. Adam Smith Would Not Endorse Trump’s Tariffs
  31. Some Links
  32. Quotation of the Day…
  33. Hydraulic Keynesianism Is Bad Economics
  34. Some Links
  35. Quotation of the Day…
  36. Some Links
  37. Quotation of the Day…
  38. Some Links
  39. Quotation of the Day…
  40. Some Links
  41. Quotation of the Day…
  42. On Trump’s Tariffs
  43. Some Links
  44. Quotation of the Day…
  45. On the Doux Commerce Thesis
  46. Some Links
  47. Quotation of the Day…
  48. Some Links
  49. Quotation of the Day…
  50. Some Links
  51. Quotation of the Day…
  52. Some Links
  53. Quotation of the Day…
  54. “Neoliberalism” Is a Lazy Smear Used by Academics
  55. Some Links
  56. Quotation of the Day…
  57. Shaky MAGA Math
  58. A Country, As Such, Doesn’t Consume, Save, Invest, or Produce
  59. Some Links
  60. Quotation of the Day…
  61. Some Links
  62. Quotation of the Day…
  63. Debt-financing Engorges the Beast
  64. Some Links
  65. Quotation of the Day…
  66. Another Interview Centered on Phil Gramm’s and My “Triumph of Economic Freedom”
  67. Some Links
  68. Quotation of the Day…
  69. My Discussion, With the IEA’s Daniel Freeman, Of Phil Gramm’s and My New Book
  70. Some Links
  71. Quotation of the Day…
  72. Proud to Be a Pipefitter’s Son
  73. The American Economy’s Largest Sector – By Far – Is Services (For Which We Americans Should Be Thankful)
  74. My April 2013 Review of Cass Sunstein’s “Simpler”
  75. The Trump Administration Continues to Expose Its Low Opinion of American Producers
  76. Some Links
  77. Quotation of the Day…
  78. Some Links
  79. Quotation of the Day…
  80. Some Links
  81. Quotation of the Day…
  82. Absurd Hypothetical and Absurd Reality
  83. Some Links
  84. Quotation of the Day…

October 2025

  1. Protectionists Have No Sound Theory (And Free Traders Must Use Language More Carefully)
  2. Full Text of Gramm and Boudreaux: “The Economic Cost of Trump’s Tariff Revival”
  3. Some Links
  4. Quotation of the Day…
  5. Some Links
  6. Jeff Ferry Replies to Me
  7. Quotation of the Day…
  8. What’s Being Bargained For Matters
  9. Some Links
  10. Quotation of the Day…
  11. Protectionism and the “Primitive Mind”
  12. Some Links
  13. Quotation of the Day…
  14. Some Links
  15. Quotation of the Day…
  16. Yet More on American Households’ Real Net Worth
  17. Some Links
  18. Quotation of the Day…
  19. Average Household’s Net Worth Considering Its Share of the U.S. Government’s Indebtedness to Foreigners
  20. Some Links
  21. Quotation of the Day…
  22. On Rising American Living Standards
  23. Some Links
  24. Quotation of the Day…
  25. Phil Gramm and Me: Trump’s Trade War Was a Loser
  26. Rodrik Misses the Pencil’s Point
  27. Some Links
  28. Quotation of the Day…
  29. Did U.S. Trade Deficits Mostly Fund Americans’ Consumption?
  30. Understanding Trump’s Misunderstanding of Trade
  31. Some Links
  32. Quotation of the Day…
  33. Let’s Worry About Heaven On Earth When That Prospect Is Closer
  34. Some Links
  35. Quotation of the Day…
  36. Our Freedom Isn’t Contingent On Other People’s Freedom
  37. Some Links
  38. Quotation of the Day…
  39. Some Links
  40. Quotation of the Day…
  41. Some Links
  42. Quotation of the Day…
  43. The Stock Market and the Tariffs of Trump 2.0
  44. How About a National-Security Exception to the National-Security Exception?
  45. Some Links
  46. Quotation of the Day…
  47. “Unfair Trade” Is Unfair Only to Foreigners
  48. Some Links
  49. Quotation of the Day…
  50. Responding to Matthew Lynn on Economists on Tariffs
  51. AI Still Needs Some Work
  52. Some Links
  53. Quotation of the Day…
  54. Some Links
  55. Quotation of the Day…
  56. On Securing Sources of Supplies
  57. Some Links
  58. Quotation of the Day…
  59. Sorry, But Pope Leo Is Mistaken
  60. Some Links
  61. Quotation of the Day…
  62. Bonus Quotation of the Day…
  63. The Illogic That Is Protectionism
  64. Some Links
  65. Quotation of the Day…
  66. Trump Imposes Punitive Taxes on Americans
  67. What If Trump Ran Mar-a-Lago’s Trade As He Wishes To Run America’s Trade?
  68. Some Links
  69. Quotation of the Day…
  70. Some Links
  71. Quotation of the Day…
  72. Yet Another Open Letter to Tariff Man
  73. Some Links
  74. Quotation of the Day…
  75. Some Links
  76. Quotation of the Day…
  77. The Mantra of Every Losing Sports Team: ‘Wait ’til Next Year!’
  78. And Now A Plea for Some Optimism
  79. Some Links
  80. Quotation of the Day…
  81. Some Links
  82. Quotation of the Day…
  83. Some Links
  84. Quotation of the Day…
  85. Protectionists Think That You’re Stupid and Immature (And They Also Think That Foreigners are Smart and Mature)
  86. Some Links
  87. Quotation of the Day…
  88. Some Links
  89. Quotation of the Day…
  90. Some Links
  91. Quotation of the Day…

September 2025

  1. Some Links
  2. Quotation of the Day…
  3. More on Alleged Middle-Class Economic Stagnation
  4. Some Links
  5. Quotation of the Day…
  6. Progressives Played A Huge Role In Putting Trump In the White House
  7. Some Links
  8. There’s Nothing Fishy About Free Markets
  9. Quotation of the Day…
  10. Thought Experiment: Trump Attends the Wedding at Cana
  11. Some Links
  12. Quotation of the Day…
  13. The Economic Cost of Trump’s Tariff Revival
  14. Some Links
  15. Quotation of the Day…
  16. Bonus Quotation of the Day…
  17. Some Links
  18. Quotation of the Day…
  19. Enough With Protectionists’ Rampaging Presumptions
  20. Some Links
  21. Quotation of the Day…
  22. Yet Another Open Letter to Oren Cass
  23. Constant Repetition Doesn’t Turn Fallacies Into Realities
  24. An “Elite” Thought
  25. Some Links
  26. Quotation of the Day…
  27. Some Links
  28. Quotation of the Day…
  29. Bonus Quotation of the Day…
  30. Some Links
  31. Quotation of the Day…
  32. Bonus Quotation of the Day…
  33. Some Links
  34. Quotation of the Day…
  35. Too Many Protectionists Simply Make Stuff Up
  36. Some Links
  37. Quotation of the Day…
  38. The Folly of Protectionism Would Be Comical Were It Not So Destructive of Both Prosperity and Freedom
  39. Some Links
  40. Quotation of the Day…
  41. Some Links
  42. Quotation of the Day…
  43. Protectionists Have a Very Low Opinion of Their Fellow Citizens
  44. Some Links
  45. Should We Tariff Used Cars and Other Goods that We Import from the Past?
  46. Quotation of the Day…
  47. Bonus Quotation of the Day…
  48. Some Links
  49. Quotation of the Day…
  50. Some Links
  51. Quotation of the Day…
  52. Milton Friedman Did Not Concoct a False Image of Adam Smith
  53. Some Links
  54. Quotation of the Day…
  55. Some Links
  56. Quotation of the Day…
  57. Some Links
  58. Civilization Is Not Built By Violence
  59. Quotation of the Day…
  60. MAGA Orwellianism
  61. Further Thoughts on the National-Defense Exception to the Case for Free Trade
  62. Some Links
  63. Quotation of the Day…
  64. Some Links
  65. Quotation of the Day…
  66. Your Imagination Is No Good Guide to Policy
  67. Some Links
  68. Quotation of the Day…
  69. Daniel Hannan Is Brilliant On Trade
  70. An Open Letter to Treasury Secretary Scott Bessent
  71. On the Ethics and Economics of Retaliatory Tariffs
  72. Some Links
  73. Quotation of the Day…
  74. Adam Smith Would Be Appalled by Donald Trump
  75. Some Links
  76. Quotation of the Day…
  77. Bonus Quotation of the Day…
  78. Some Links
  79. Quotation of the Day…
  80. Some Links
  81. Quotation of the Day…
  82. The Enclosures and the Industrial Revolution
  83. Some Links
  84. Quotation of the Day…
  85. Vernon Smith on Donald Trump’s Protectionism
  86. Some Links
  87. Quotation of the Day…
  88. Protectionists, Not Free Traders, Are Arrogant
  89. Pay Attention to Trump the Businessman, Not Trump the Politician
  90. Some Links
  91. Quotation of the Day…

August 2025

  1. If ONLY An Earthly Heaven Were On the Horizon
  2. Some Links
  3. Quotation of the Day…
  4. Some Links
  5. Quotation of the Day…
  6. The U.S. Court of Appeals for the Federal Circuit Strikes Down Trump’s “Liberation Day” Tariffs
  7. Some Links
  8. Quotation of the Day…
  9. Some Links
  10. Quotation of the Day…
  11. Some Links
  12. Quotation of the Day…
  13. Some Links
  14. Quotation of the Day…
  15. Further Reflections on Protectionism and (Measured) Inflation
  16. Some Links
  17. Quotation of the Day…
  18. Some Links
  19. Quotation of the Day…
  20. A Note on Tariffs and Inflation
  21. Trump’s Trade Policy Puts Americans Last
  22. Some Links
  23. Quotation of the Day…
  24. A Note About So-called “Trade Deficits”
  25. Some Links
  26. Quotation of the Day…
  27. More On Alleged Chinese Dumping
  28. Civitas Institute’s Tariff Symposium
  29. Some Links
  30. Quotation of the Day…
  31. On Alleged Chinese “Dumping”
  32. The Great H.L. Mencken
  33. Some Links
  34. Quotation of the Day…
  35. A Contest: Name That Protectionist Fallacy
  36. Some Links
  37. Quotation of the Day…
  38. Bonus Quotation of the Day…
  39. The Experience of Arguing With A Typical Protectionist
  40. Some Links
  41. Quotation of the Day…
  42. Some Links
  43. Quotation of the Day…
  44. The Rust Belt Wasn’t Done In By Economic Competition
  45. Some Links
  46. Quotation of the Day…
  47. The Fallacies Trotted Out to Support Protectionism Are Superabundant
  48. Some Links
  49. Quotation of the Day…
  50. Correcting Some Factual Errors About Trump’s Tariffs
  51. No Sane Businessperson Would Run A Company In the Way Trump Wants to Run the U.S. Economy
  52. Some Links
  53. Quotation of the Day…
  54. Geez
  55. Some Links
  56. Quotation of the Day…
  57. Even Trump Can’t Escape Logic and Reality
  58. A Final Attempt to Explain My Disagreement With John Lott on Trump’s Tariffs
  59. Bonus Quotation of the Day…
  60. Some Links
  61. Quotation of the Day…
  62. Some Links
  63. Quotation of the Day…
  64. Bonus Quotation of the Day…
  65. Some Links
  66. Quotation of the Day…
  67. Some Links
  68. Quotation of the Day…
  69. Trump 2.0 (So Far) Compared to Trump 1.0
  70. Some Links
  71. Quotation of the Day…
  72. More on the Underlying Justification of Trump’s Tariffs
  73. The Debate Is About Protectionism, Not Raising Revenue
  74. Some Links
  75. Quotation of the Day…
  76. No, American Economic Growth Was Not Fueled by Protectionism
  77. Some Links
  78. Quotation of the Day…
  79. The Case for Protectionism Is Clear (As Long as Economics and Facts Are Ignored)
  80. Some Links
  81. Quotation of the Day…
  82. Some Links
  83. Quotation of the Day…
  84. U.S. Tariffs Are Taxes On Americans
  85. Quotation of the Day…
  86. Some Links
  87. Trump’s Tariffs Are Paid Overwhelmingly By Americans
  88. Quotation of the Day…
  89. There Was No “Spike” In the U.S. Trade Deficit That Could Legitimately Have Prompted Trump’s “Liberation Day” Punitive Taxes on Americans
  90. More on Phil Gramm’s and My Book, “The Triumph of Economic Freedom”
  91. Some Links
  92. Quotation of the Day…

July 2025

  1. A Note On Today’s Oral Arguments In V.O.S. v. Trump
  2. Thanks to TFAS’s Roger Ream…
  3. Some Links
  4. Quotation of the Day…
  5. Quotation of the Day…
  6. On U.S. Trade Deficits and Global Demand for U.S. Dollars
  7. Quotation of the Day…
  8. Some Links
  9. Quotation of the Day…
  10. Protectionists’ Command of Facts and of Theory Is Weak
  11. Canadians Are Putting America First!
  12. Some Links
  13. Quotation of the Day…
  14. Trump’s Tariffs are Protectionist, Not Revenue
  15. Some Links
  16. Quotation of the Day…
  17. Naïve and Arrogant Protectionists
  18. Some Links
  19. Quotation of the Day…
  20. Full Text of Gramm’s and Boudreaux’s “Steel and Aluminum: These Are Trump’s Worst Tariffs”
  21. The Protectionist Troll Serves the Case for Free Trade
  22. Some Links
  23. Quotation of the Day…
  24. Donald “Bernie Bro” Trump
  25. Some Links
  26. Quotation of the Day…
  27. Correcting the Record on the 1980s-1990s VERs
  28. Some Links
  29. Quotation of the Day…
  30. What Business Is This Of Trump?
  31. Some Links
  32. Quotation of the Day…
  33. Some Links
  34. Quotation of the Day…
  35. Quotation of the Day…
  36. Bonus Quotation of the Day…
  37. Quotation of the Day…
  38. Protectionism Is Organized Vandalism
  39. Bonus Quotation of the Day…
  40. Some Links
  41. Quotation of the Day…
  42. Some Links
  43. Quotation of the Day…
  44. Even If Resources Aren’t Scarce, There’s No Good Case for Protectionism
  45. “Consumption” Signifies Ends; “Production” Signifies a Means
  46. Some Links
  47. Quotation of the Day…
  48. Protectionists Say the Darndest Things!
  49. Some Links
  50. Quotation of the Day…
  51. Europe vs. the United States
  52. Bonus Quotation of the Day…
  53. Some Links
  54. Quotation of the Day…
  55. Bonus Quotation of the Day…
  56. Some Links
  57. Quotation of the Day…
  58. Question For Protectionists: Which Outputs Do Americans Currently Produce Too Much Of?
  59. Some Links
  60. Quotation of the Day…
  61. Trade Deficits Are Not As Objective As You Might Suppose
  62. Bonus Quotation of the Day…
  63. Some Links
  64. Quotation of the Day…
  65. Bonus Quotation of the Day…
  66. If You Like Superstitions, You’ll Love Protectionism
  67. Some Links
  68. Quotation of the Day…
  69. Bonus Quotation of the Day…
  70. Some Links
  71. Quotation of the Day…
  72. Donald Trump Is The Typical Businessman – As Imagined by Socialists
  73. Some Links
  74. Quotation of the Day…
  75. Victor Davis Hanson Continues to Write Foolishly About Economics
  76. Some Links
  77. Quotation of the Day…
  78. Americans of All Stripes
  79. Some Links
  80. Quotation of the Day…
  81. Bonus Quotation of the Day…
  82. Some Links
  83. Quotation of the Day…
  84. Another Open Letter to Howard Lutnick
  85. Some Links
  86. Quotation of the Day…
  87. Bonus Quotation of the Day…
  88. “America Firsters,” Of All People, Should Welcome Subsidized Imports
  89. Some Links
  90. Quotation of the Day…
  91. Fair Trade Is Unfree – and Unfair
  92. Some Links
  93. Quotation of the Day…

June 2025

  1. Full Text of Gramm’s and Boudreaux’s “Tariffs Mean Electoral Defeat for the GOP”
  2. Some Links
  3. Quotation of the Day…
  4. Bonus Quotation of the Day…
  5. Some Links
  6. Quotation of the Day…
  7. Deficit Financing By Government Is Unethical and A Source of Excessive Government Growth
  8. Some Links
  9. Quotation of the Day…
  10. Super-markets
  11. Some Links
  12. Quotation of the Day…
  13. Mark Meadows Complains That Canadians Put America First
  14. Some Links
  15. Quotation of the Day…
  16. Trump’s Tariffs on Steel and Aluminum Will Cause Economic Harm to America
  17. Some Links
  18. Quotation of the Day…
  19. The Real Emergency Is the Abuse of Delegated Powers to Address Emergencies
  20. Has Free(r) Trade “Hollowed Out” America’s Industrial Economy and Her Middle Class?
  21. Some Links
  22. Quotation of the Day…
  23. Some Links
  24. Quotation of the Day…
  25. Are Protectionists Really This Historically Uninformed?
  26. Some Links
  27. Quotation of the Day…
  28. On Tariffs, Trump Outsmarted No One
  29. Some Links
  30. Quotation of the Day…
  31. Bad Economic History Fuels Bad Present-Day Economic Policies
  32. No Logic to the “Liberation Day” Tariffs
  33. Some Links
  34. Quotation of the Day…
  35. Some Links
  36. Quotation of the Day…
  37. Some Links
  38. Quotation of the Day…
  39. Some Links
  40. Quotation of the Day…
  41. Bonus Quotation of the Day…
  42. Some Links
  43. Quotation of the Day…
  44. Trumpism Is More the Result of What Was Said About Globalization Rather Than About What Globalization Actually Did
  45. Some Links
  46. Quotation of the Day…
  47. Want Fair Trade and a Level Playing Field? Support Free Trade
  48. Some Links
  49. Quotation of the Day…
  50. The Profit Motive Will Ensure Adequate Supplies of Rare Earths
  51. Full Text of Gramm’s and Boudreaux’s “Yes, the U.S. GDP Decline Is an Ominous Sign”
  52. Some Links
  53. Quotation of the Day…
  54. Some Links
  55. Quotation of the Day…
  56. Some Links
  57. Quotation of the Day…
  58. Predatory Pricing Is A Foolish Strategy
  59. Some Links
  60. Quotation of the Day…
  61. Exposing More of the Lame Excuses For Trump’s Protectionism
  62. Some Links
  63. Quotation of the Day…
  64. Question for Fans of Tariffs and of Tariff Man
  65. Some Links
  66. Quotation of the Day…
  67. Some Links
  68. Quotation of the Day…
  69. Open Letter to Howard Lutnick
  70. Some Links
  71. Quotation of the Day…
  72. Protectionism Isn’t Justified During Downturns
  73. Some Links
  74. Quotation of the Day…
  75. An American Enterprise Institute Discussion of “The Triumph of Economic Freedom”
  76. Some Links
  77. Quotation of the Day…
  78. Michael Shermer Talks With Phil Gramm and Me…
  79. Some Links
  80. Quotation of the Day…
  81. Some Links
  82. Quotation of the Day…
  83. There Is No Such Thing As Free Tariff-Induced Domestic Production
  84. Some Links
  85. Quotation of the Day…

May 2025

  1. Trump Continues to Reveal Deep Misunderstanding of International Trade
  2. J.P. Morgan (Likely) Paid More
  3. Some Links
  4. Quotation of the Day…
  5. Imports Aren’t the Only Substitutes
  6. Debunking the Self-Styled Debunker
  7. Some Links
  8. Quotation of the Day…
  9. Oh, If Only Humanity Were Never Cursed by the Creation and Use of the Absurd Notion of ‘Balance of Trade’
  10. A Conversation With a Protectionist
  11. Some Links
  12. Quotation of the Day…
  13. On Retaliatory Tariffs
  14. Some Links
  15. Quotation of the Day…
  16. Some Links
  17. Quotation of the Day…
  18. Free to Choose to “Buy American”
  19. Some Links
  20. Quotation of the Day…
  21. Heaven Save Us From This ‘Negotiator’
  22. More on the Condition of U.S. Manufacturing
  23. Some Links
  24. Quotation of the Day…
  25. Bonus Quotation of the Day…
  26. Andrew Heaton Talks With Phil Gramm and Me About The Triumph of Economic Freedom
  27. Some Links
  28. Quotation of the Day…
  29. Complete Lunacy
  30. Trump Himself Again Proves That His Tariffs Aren’t A Tool to Bargain Down Tariffs Worldwide
  31. Some Links
  32. Quotation of the Day…
  33. One of My Favorite Quotations Ever Shared at Cafe Hayek…
  34. The Protectionist Is Someone Who Believes…
  35. American Manufacturing Is Doing Just Fine (Or At Least It Was Through 2024)
  36. Regime Uncertainty and Market Uncertainty
  37. Some Links
  38. Quotation of the Day…
  39. Historically, Large Tariff Hikes Have NOT Been Good Politics in the United States
  40. Some Links
  41. Quotation of the Day…
  42. Bonus Quotation of the Day…
  43. In the Dugout With Mike Stenhouse
  44. Some Links
  45. Quotation of the Day…
  46. Full Text of Gramm’s and Boudreaux’s “Trump’s Tariffs Are as Bad as Bidenomics”
  47. Some Links
  48. Quotation of the Day…
  49. A “China Shock” Mystery
  50. Bonus Quotation of the Day…
  51. Some Links
  52. Quotation of the Day…
  53. Another Open Letter to Pres. Trump
  54. Oren Cass Marshals Fallacies
  55. Bonus Quotation of the Day…
  56. Some Links
  57. Quotation of the Day…
  58. For Trump, That’s a Bug, Not a Feature
  59. Remember That Trump’s Core Justification for Tariffs Is Not Based on Revenue But Based on Their Alleged Ability to Protect American Industry
  60. On Real Median Household Net Worth
  61. Beware of “Balance of Payments” Statistics, Reason #21,884,906
  62. Some Links
  63. Quotation of the Day…
  64. Americans Have No “Consumption Addiction”
  65. Oren Cass Continues to Be Mistaken
  66. Some Links
  67. Quotation of the Day…
  68. Some Link
  69. Quotation of the Day…
  70. Yes to Market-Driven Foreign Investment; No to Protectionist-Driven Foreign Investment
  71. The Triumph of Economic Freedom
  72. The Economic-Understanding Deficit Grows
  73. Some Links
  74. Quotation of the Day…
  75. Kevin Gentry Talks With Me About Trade and Phil Gramm’s and My New Book
  76. The Illogic of Trumpian Protectionism
  77. Some Links
  78. Quotation of the Day…
  79. Open Letter to Commerce Secretary Howard Lutnick
  80. More On Manufacturing
  81. Some Links
  82. Quotation of the Day…
  83. Enough With the Nostalgia for the Manufacturing Economy of Fifty Years Ago
  84. Some Links
  85. Quotation of the Day…
  86. Protective Tariffs Are Punitive Taxes Imposed by Governments on Their Own Citizens
  87. Some Links
  88. Quotation of the Day…
  89. Some “Art”
  90. Or Maybe He’s One of Them There ‘Cosmopolitan Globalists’
  91. Some Links
  92. Quotation of the Day…
  93. On Joe Nocera’s Mistaken Take on Trade and Economics
  94. Some Links
  95. Quotation of the Day…
  96. GDP≡C+I+G+X-M Does…
  97. Ten Minus Two Never Equals Anything Other Than Eight
  98. Some Links
  99. Quotation of the Day…
  100. FedEx Began With Imported Aircraft
  101. Some Links
  102. Quotation of the Day…
  103. The High Costs of Trump’s Punitive Taxes on American Buyers of Imports and Import-competing Products
  104. The Language is All Wet
  105. Some Links
  106. Quotation of the Day…
  107. Some Links
  108. Quotation of the Day…
  109. On the So-called “Twin Deficits”
  110. Some Links
  111. Quotation of the Day…
  112. The Economy Is Being Distorted by Trump’s Tariffs and Not By Efforts to Minimize the Tariffs’ Effects
  113. Some Links
  114. Quotation of the Day…

April 2025

  1. Twisted Illogic
  2. Awfully Nice of Him
  3. Some Links
  4. Quotation of the Day…
  5. Scott Winship on the “China Shock”
  6. What’s Trump Afraid Of?
  7. The U.S. Should Avoid Tariffs AND Subsidies
  8. Some Links
  9. Quotation of the Day…
  10. Bonus Quotation of the Day…
  11. Some Links
  12. Quotation of the Day…
  13. An Excellent Panel, on Trade, at the Hoover Institution
  14. Some Links
  15. Quotation of the Day…
  16. Some Links
  17. Quotation of the Day…
  18. Order Your Copy Soon!
  19. Comparative Advantage Prevails
  20. Some Links
  21. Quotation of the Day…
  22. Some Links
  23. Quotation of the Day…
  24. Some Links
  25. Quotation of the Day…
  26. Fairer Trade Is Grossly Unfair
  27. Some Links
  28. Quotation of the Day…
  29. Manufacturing Job Openings
  30. Nothing But Ominous Clouds
  31. A Note on the Decline in American Manufacturing Jobs
  32. Some Links
  33. Quotation of the Day…
  34. Fareed Zakaria Nails It
  35. Bonus Quotation of the Day…
  36. It’s Stupid to Match Other Countries’ Stupidity With Stupidity of Our Own
  37. Some Links
  38. Quotation of the Day…
  39. Bonus Quotation of the Day…
  40. Ronald Reagan in 1982 on Free Trade
  41. U.S. Trade Deficits Have Not Weakened Domestic Manufacturing
  42. Some Revolutionary Links
  43. Quotation of the Day…
  44. Tariffs Are Bad Medicine
  45. The Anti-Tariff Declaration
  46. Bonus Quotation of the Day…
  47. America’s Economy Today Compared to Three Periods in the (Relatively) Recent Past
  48. Some Links
  49. Quotation of the Day…
  50. On Mid-20th-century Manufacturing Jobs
  51. Kent Lassman Calls on Congress to Stop Shirking Its Constitutional Duty
  52. Victor Davis Hanson Should Stick to the Classics
  53. Some Links
  54. Quotation of the Day…
  55. Full Text of Gramm’s and Boudreaux’s “Trump’s Tariffs Have McKinley Turning in His Grave”
  56. Again, Trade ‘Deficits’ Are Not Necessarily Debt
  57. Some Links
  58. Quotation of the Day…
  59. America the ‘Ripped Off’?
  60. Quotation of the Day…
  61. Some Links
  62. Trumpian Protectionism Is Economic Poison for America
  63. Getting the Language of ‘Trade Deficits’ Correct
  64. That’s One Very Bad Business Model
  65. Some Links
  66. Quotation of the Day…
  67. Bonus Quotation of the Day…
  68. Some Links
  69. Quotation of the Day…
  70. The Great Dan Hannan…
  71. More On The Protectionist Canard that U.S. Trade Deficits Drain Americans of Wealth
  72. Some Links
  73. Quotation of the Day…
  74. Bonus Quotation of the Day…
  75. Some Links
  76. Quotation of the Day…
  77. Chatting with Drew Benson About Trade
  78. How Protective Tariffs Work
  79. Some Links
  80. Quotation of the Day…
  81. Rob Atkinson Serves Up a False Narrative
  82. Some Links
  83. Quotation of the Day…
  84. The Winning Continues
  85. Some Links
  86. Quotation of the Day…
  87. Some Links
  88. Quotation of the Day…
  89. And Yet Another Open Letter to Oren Cass
  90. Some Links
  91. Quotation of the Day…
  92. Freer Trade Would Satisfy Neither Trump Nor the NatCons
  93. Some Links
  94. Quotation of the Day…
  95. So Much Winning!
  96. Even Trump Doubts His Tariffs
  97. Daniel Hannan on the Logical Contradictions in the Case for Trump’s Tariffs
  98. Some Links
  99. Quotation of the Day…
  100. More Economic Lockdowns
  101. Mapa
  102. Trump Thinks Tariffs Will Help America’s Producers. He Should Think Again
  103. Liberated From Economic Growth and Freedom
  104. The Idiocy of It All
  105. Some Links
  106. Quotation of the Day…
  107. Trump’s Attempted Justifications for His…
  108. Some Links
  109. Quotation of the Day…
  110. Who You Gonna Believe? People With Skin In the Game or People Without Skin In the Game?
  111. Some Links
  112. Quotation of the Day…

March 2025

  1. Bonus Quotation of the Day…
  2. Some Links
  3. Quotation of the Day…
  4. Trumpian Trade Incoherence
  5. On What Motivates Trump’s Protectionism
  6. The Conventional Wisdom on Deflation is Dubious
  7. Some Links
  8. Quotation of the Day…
  9. Trump Is Reducing U.S. Trade Deficits
  10. Some Links
  11. Quotation of the Day…
  12. Trump Is Poisoning the Very Heart of the Market Order
  13. Some Links
  14. Quotation of the Day…
  15. Trade Deficits and Budget Deficits
  16. Ripping Us Off?
  17. So-Called “U.S. Trade Deficits” Are Microeconomic Phenomena
  18. Some Links
  19. Quotation of the Day…
  20. Let’s NOT Bring Back Furniture Manufacturing
  21. Some Links
  22. Quotation of the Day…
  23. More on Imports, Exports, and Ends and Means
  24. Some Links
  25. Quotation of the Day…
  26. Disagreeing With David Henderson
  27. An Open Letter to All Reporters, Editors, Columnists, Substackers, and Bloggers
  28. Full Text of Gramm’s and Boudreaux’s “Trump’s Myth of the Trade Deficit”
  29. The Free Market: “‘Puffery’ in Advertising”
  30. Some Links
  31. Quotation of the Day…
  32. Bonus Quotation of the Day…
  33. Some Links
  34. Quotation of the Day…
  35. Protectionists’ Illogic Knows No Limits
  36. Some Links
  37. Quotation of the Day…
  38. Market-Driven Foreign Investment, Yes; Politics-Driven Foreign Investment, No
  39. Some Links
  40. Quotation of the Day…
  41. Commerce Secretary Lutnick Is Among Those Government Officials Who Are Ignorant of Basic Economic Facts
  42. Fallacies Aren’t Made Factual Through Constant Repetition
  43. Some Links
  44. Quotation of the Day…
  45. Victor Davis Hanson Doesn’t Understand Trade
  46. Some Links
  47. Quotation of the Day…
  48. What They Tax Their People, We’ll Tax Our People
  49. Notes on Consumer Sovereignty and Production
  50. Some Links
  51. Quotation of the Day…
  52. We Are Deluged By An Ocean of Ignorance About Trade
  53. Some Links
  54. Quotation of the Day…
  55. On Trade, Pharmaceutical Products, and Cheap Jeans
  56. Some Links
  57. Quotation of the Day…
  58. On U.S. Government Indebtedness and the U.S. Trade Deficit
  59. Do U.S. Trade Deficits Reduce Americans’ Net Worth?
  60. A Note On Changes In the Real Net Worth of the Average American Household
  61. Some Links
  62. Quotation of the Day…
  63. Trump & Co.’s Sheer Ignorance of the Economics of Trade
  64. Bonus Quotation of the Day…
  65. Some Links
  66. Quotation of the Day…
  67. A Reality of Trade That’s Lost on Trump & Co.
  68. Trump Reverses the Meaning of the Term “Reciprocity”
  69. Why Michael Lind’s Arguments Are Bad
  70. Some Links
  71. Quotation of the Day…
  72. Some Links
  73. Quotation of the Day…
  74. Don’t Get Played by Protectionists
  75. Some Links
  76. Quotation of the Day…
  77. Trump Is As Clueless About Financial Markets As He Is About Trade
  78. Some Links
  79. Quotation of the Day…
  80. Bonus Quotation of the Day…
  81. Some Links
  82. Quotation of the Day…
  83. On Trade Policy, Trump Is Terrifying
  84. Some Links
  85. Quotation of the Day…
  86. Yep 5
  87. Bonus Quotation of the Day…
  88. Some Links
  89. Quotation of the Day…
  90. Trump Is Hopelessly Confused On Trade
  91. Some Links
  92. Quotation of the Day…
  93. Trumpian Tariff Fallacies
  94. Bonus Quotation of the Day…
  95. More On the Myth of Tariff-Induced American Industrialization
  96. Some Links
  97. Quotation of the Day…
  98. Say What?
  99. Some Links
  100. Quotation of the Day…
  101. Another Open Letter to Pres. Trump
  102. Some Links
  103. Quotation of the Day…
  104. More Deficient Economic Thinking
  105. Peter Navarro Conducts a Master Class In Looking Only at That Which Is Seen
  106. Some Links
  107. Quotation of the Day…
  108. Some Links
  109. Quotation of the Day…

February 2025

  1. If Washington Post Owner Jeff Bezos…
  2. The Accounting Illusion that Is the U.S. ‘Trade Deficit’
  3. Some Links
  4. Quotation of the Day…
  5. Some Links
  6. Quotation of the Day…
  7. Some Links
  8. Quotation of the Day…
  9. Some Links
  10. Quotation of the Day…
  11. And Yet Another Open Letter to Oren Cass
  12. Some Links
  13. Quotation of the Day…
  14. An Open Letter to Abhi Desai
  15. Some Links
  16. Quotation of the Day…
  17. U.S. Trade Deficits Do Not Mean that We Americans Are Living Beyond Our Means
  18. Some Links
  19. Quotation of the Day…
  20. Gramm and Boudreaux on Trade Deficits
  21. Some Links
  22. Quotation of the Day…
  23. Some Links
  24. Quotation of the Day…
  25. The Spectacular Economic Ignorance of Peter Navarro
  26. Some Links
  27. Quotation of the Day…
  28. Some Links
  29. Quotation of the Day…
  30. Some Links
  31. Quotation of the Day…
  32. Some Links
  33. Quotation of the Day…
  34. An Open Letter to Some Correspondents
  35. Bonus Quotation of the Day…
  36. Some Links
  37. Quotation of the Day…
  38. Tariffs Are Charges On Fellow Citizens
  39. Some Links
  40. Quotation of the Day…
  41. Some Links
  42. Quotation of the Day…
  43. Some Links
  44. Quotation of the Day…
  45. Bonus Quotation of the Day…
  46. Some Links
  47. Quotation of the Day…
  48. Lighthizer Continues to Deeply Misunderstand Trade
  49. Some Links
  50. Quotation of the Day…
  51. Oren Cass Preaches the Gospel of Intervention
  52. Some Links
  53. Quotation of the Day…
  54. Trade “Policy” as Thuggery
  55. Some Links
  56. Quotation of the Day…
  57. There Is No Economic Justification for Protective Tariffs
  58. Some Links
  59. Quotation of the Day…
  60. Negative Externalities Exist Only When People Suffer What Are Legitimately Classified as Losses
  61. Some Links
  62. Quotation of the Day…
  63. The World Is Increasingly Topsy-Turvy
  64. Some Links
  65. Quotation of the Day…
  66. Some Links
  67. Quotation of the Day…
  68. Protectionists, at Bottom, Make Economic Arguments
  69. Bonus Quotation of the Day…
  70. Some Links
  71. Quotation of the Day…
  72. Open Letter to Jeff Ferry
  73. Some Links
  74. Quotation of the Day…
  75. Bonus Quotation of the Day…
  76. Some Links
  77. Quotation of the Day…

January 2025

  1. Some Links
  2. MAGAnomics
  3. Quotation of the Day…
  4. Gramm’s and Summers’s Open Letter in Opposition to Trump’s Tariffs
  5. Some Links
  6. Quotation of the Day…
  7. Some Links
  8. Quotation of the Day…
  9. Some Links
  10. Quotation of the Day…
  11. Trump Has No Comparative Advantage at Understanding Trade
  12. Some Links
  13. Quotation of the Day…
  14. Some Links
  15. Quotation of the Day…
  16. Trump Doesn’t Understand Trade
  17. “Buy American” Rules Hurt Americans
  18. Some Links
  19. Quotation of the Day…
  20. Don’t Tell Trump!
  21. One Reason I Enjoy Drinking
  22. Some Links
  23. Quotation of the Day…
  24. Some Links
  25. Quotation of the Day…
  26. Some Links
  27. Quotation of the Day…
  28. Some Links
  29. Quotation of the Day…
  30. Some Links
  31. Quotation of the Day…
  32. Some Links
  33. Quotation of the Day…
  34. A Country Is Not A Company
  35. Some Links
  36. Quotation of the Day…
  37. Some Links
  38. Quotation of the Day…
  39. Some Links
  40. Quotation of the Day…
  41. Capitalism Is Indeed Relentless (It Cannot Possibly Feel Remorse)
  42. Pandemonium, Not Policy
  43. Some Links
  44. Quotation of the Day…
  45. Some Links
  46. Quotation of the Day…
  47. Percentage of Nonfarm Workers in America Employed in Jobs Classified as “Manufacturing”
  48. Some Links
  49. Quotation of the Day…
  50. Economists Should Never Abandon Their Principles
  51. Michael Pettis Continues to Blunder
  52. Some Links
  53. Quotation of the Day…
  54. Some Links
  55. Quotation of the Day…
  56. The Fetish for Manufacturing Is Foolish
  57. The Economy of Dynamia
  58. Some Links
  59. Quotation of the Day…
  60. Sloppy Statistics Make for Sloppy Analyses
  61. Some Links
  62. Quotation of the Day…
  63. Another Strawman Slain
  64. Some Links
  65. Quotation of the Day…
  66. As Compared to What?
  67. Some Links
  68. Quotation of the Day…
  69. Getting the Effects of Protective Tariffs Straight
  70. How Strong Is the Case for Retaliatory Tariffs?
  71. Some Links
  72. Quotation of the Day…
  73. Frank Taussig on the McKinley Tariff
  74. Some Links
  75. Quotation of the Day…
  76. Some Links
  77. Quotation of the Day…
  78. Michael Pettis Gets History and Economics Wrong
  79. Some Links
  80. Quotation of the Day…
  81. Some Links
  82. Quotation of the Day…
  83. Globalization Is No Unique Source of Economic Change
  84. Bonus Quotation of the Day…
  85. Some Links
  86. Quotation of the Day…

← 2024 2026 →