2025
1,125 posts
2025 1,125
December 2025
- Protectionism Is Destructionism – Not a Funny Matter
- Some Links
- Quotation of the Day…
- The Condition of My Support for a Policy of Free Trade
- The Terms of Protectionism
- Some Links
- Quotation of the Day…
- Michael Pettis Is a Very Poor Trade Economist
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Noah Smith Is Mistaken About Trade Deficits
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Trade Surpluses Are Not Evidence of ‘Overcapacity’
- Some Links
- Quotation of the Day…
- Quotation of the Day…
- Peter Navarro’s Protectionist Illogic
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
- On Reagan, China, and Protectionism
- Some Links
- Quotation of the Day…
- Oh That the Absurd Mercantilist Concept of “Balance of Trade” Had Never Been Devised
- Some Links
- Quotation of the Day…
- One Weird Trick
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Lower-priced Goods are a Blessing, Not a Curse
- Stop Slaying the Strawman Case Against Tariffs
- Some Links
- Quotation of the Day…
- Service-Sector Workers Want Other People to Work in the Manufacturing Sector
- Some Links
- Quotation of the Day…
- Protectionism’s Language is Loaded
- Some Links
- Quotation of the Day…
- Supporting Cafe Hayek
- Some Links
- Quotation of the Day…
- Trump Holds Americans Hostage to Improve the Well-Being of Non-Americans
- Some Links
- Quotation of the Day…
- How Smart Are Beijing’s Thugs?
- Some Links
- Quotation of the Day…
- Beggar Thy Own Citizens
- Some Links
- Quotation of the Day…
- The Unexamined Presumptions of Protectionism Are Plenty and Preposterous
- Humanity Has a Huge Surplus of Economic Misunderstanding
- Some Links
- Quotation of the Day…
- The Heart of the Case for Free Trade
- Some Links
- Quotation of the Day…
- Enough With Being Shocked By China’s Economic Performance
- Trump’s Trade ‘Policy’ Is Harming America
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- Neither Logic Nor the Laws of Economics Are Suspended by Political Borders
- Some Links
- Quotation of the Day…
- Darkhizer
- Some Links
- Quotation of the Day…
- Another Open Letter to Oren Cass
- Some Links
- Quotation of the Day…
- Trump Is Helping to Protect the Tourism Industries of Foreign Countries
- Questions for Redistributionists
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
November 2025
- Don’t Be Suckered by Sorkin’s 1984ing of 1929-1940
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- A Bet Not Taken (But My Offer Of It Remains Open!)
- Some Links
- Quotation of the Day…
- A Quirky Export Tariff
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- Facepalm
- Some Links
- Quotation of the Day…
- Wisdom from Tocqueville
- Some Links
- Quotation of the Day…
- On Those “TRILLIONS”
- Some Links
- Quotation of the Day…
- Trump’s Tariffs and Manufacturing Employment
- Some Links
- Quotation of the Day…
- Talking With Vance Ginn About Phil Gramm’s and My Book, “The Triumph of Economic Freedom”
- Some Links
- Quotation of the Day…
- A Case Against the Case For Banning Surrogate Motherhood
- Adam Smith Would Not Endorse Trump’s Tariffs
- Some Links
- Quotation of the Day…
- Hydraulic Keynesianism Is Bad Economics
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
- On Trump’s Tariffs
- Some Links
- Quotation of the Day…
- On the Doux Commerce Thesis
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
- “Neoliberalism” Is a Lazy Smear Used by Academics
- Some Links
- Quotation of the Day…
- Shaky MAGA Math
- A Country, As Such, Doesn’t Consume, Save, Invest, or Produce
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- Debt-financing Engorges the Beast
- Some Links
- Quotation of the Day…
- Another Interview Centered on Phil Gramm’s and My “Triumph of Economic Freedom”
- Some Links
- Quotation of the Day…
- My Discussion, With the IEA’s Daniel Freeman, Of Phil Gramm’s and My New Book
- Some Links
- Quotation of the Day…
- Proud to Be a Pipefitter’s Son
- The American Economy’s Largest Sector – By Far – Is Services (For Which We Americans Should Be Thankful)
- My April 2013 Review of Cass Sunstein’s “Simpler”
- The Trump Administration Continues to Expose Its Low Opinion of American Producers
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
- Absurd Hypothetical and Absurd Reality
- Some Links
- Quotation of the Day…
October 2025
- Protectionists Have No Sound Theory (And Free Traders Must Use Language More Carefully)
- Full Text of Gramm and Boudreaux: “The Economic Cost of Trump’s Tariff Revival”
- Some Links
- Quotation of the Day…
- Some Links
- Jeff Ferry Replies to Me
- Quotation of the Day…
- What’s Being Bargained For Matters
- Some Links
- Quotation of the Day…
- Protectionism and the “Primitive Mind”
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- Yet More on American Households’ Real Net Worth
- Some Links
- Quotation of the Day…
- Average Household’s Net Worth Considering Its Share of the U.S. Government’s Indebtedness to Foreigners
- Some Links
- Quotation of the Day…
- On Rising American Living Standards
- Some Links
- Quotation of the Day…
- Phil Gramm and Me: Trump’s Trade War Was a Loser
- Rodrik Misses the Pencil’s Point
- Some Links
- Quotation of the Day…
- Did U.S. Trade Deficits Mostly Fund Americans’ Consumption?
- Understanding Trump’s Misunderstanding of Trade
- Some Links
- Quotation of the Day…
- Let’s Worry About Heaven On Earth When That Prospect Is Closer
- Some Links
- Quotation of the Day…
- Our Freedom Isn’t Contingent On Other People’s Freedom
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
- The Stock Market and the Tariffs of Trump 2.0
- How About a National-Security Exception to the National-Security Exception?
- Some Links
- Quotation of the Day…
- “Unfair Trade” Is Unfair Only to Foreigners
- Some Links
- Quotation of the Day…
- Responding to Matthew Lynn on Economists on Tariffs
- AI Still Needs Some Work
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- On Securing Sources of Supplies
- Some Links
- Quotation of the Day…
- Sorry, But Pope Leo Is Mistaken
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- Quotation of the Day…
- Bonus Quotation of the Day…
- The Illogic That Is Protectionism
- Some Links
- Quotation of the Day…
- Trump Imposes Punitive Taxes on Americans
- What If Trump Ran Mar-a-Lago’s Trade As He Wishes To Run America’s Trade?
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- Yet Another Open Letter to Tariff Man
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- Quotation of the Day…
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- Quotation of the Day…
- The Mantra of Every Losing Sports Team: ‘Wait ’til Next Year!’
- And Now A Plea for Some Optimism
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- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
- Protectionists Think That You’re Stupid and Immature (And They Also Think That Foreigners are Smart and Mature)
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
September 2025
- Some Links
- Quotation of the Day…
- More on Alleged Middle-Class Economic Stagnation
- Some Links
- Quotation of the Day…
- Progressives Played A Huge Role In Putting Trump In the White House
- Some Links
- There’s Nothing Fishy About Free Markets
- Quotation of the Day…
- Thought Experiment: Trump Attends the Wedding at Cana
- Some Links
- Quotation of the Day…
- The Economic Cost of Trump’s Tariff Revival
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Enough With Protectionists’ Rampaging Presumptions
- Some Links
- Quotation of the Day…
- Yet Another Open Letter to Oren Cass
- Constant Repetition Doesn’t Turn Fallacies Into Realities
- An “Elite” Thought
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
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- Quotation of the Day…
- Too Many Protectionists Simply Make Stuff Up
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- Quotation of the Day…
- The Folly of Protectionism Would Be Comical Were It Not So Destructive of Both Prosperity and Freedom
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- Protectionists Have a Very Low Opinion of Their Fellow Citizens
- Some Links
- Should We Tariff Used Cars and Other Goods that We Import from the Past?
- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Milton Friedman Did Not Concoct a False Image of Adam Smith
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
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- Civilization Is Not Built By Violence
- Quotation of the Day…
- MAGA Orwellianism
- Further Thoughts on the National-Defense Exception to the Case for Free Trade
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Your Imagination Is No Good Guide to Policy
- Some Links
- Quotation of the Day…
- Daniel Hannan Is Brilliant On Trade
- An Open Letter to Treasury Secretary Scott Bessent
- On the Ethics and Economics of Retaliatory Tariffs
- Some Links
- Quotation of the Day…
- Adam Smith Would Be Appalled by Donald Trump
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- The Enclosures and the Industrial Revolution
- Some Links
- Quotation of the Day…
- Vernon Smith on Donald Trump’s Protectionism
- Some Links
- Quotation of the Day…
- Protectionists, Not Free Traders, Are Arrogant
- Pay Attention to Trump the Businessman, Not Trump the Politician
- Some Links
- Quotation of the Day…
August 2025
- If ONLY An Earthly Heaven Were On the Horizon
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- The U.S. Court of Appeals for the Federal Circuit Strikes Down Trump’s “Liberation Day” Tariffs
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
- Further Reflections on Protectionism and (Measured) Inflation
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- Quotation of the Day…
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- Quotation of the Day…
- A Note on Tariffs and Inflation
- Trump’s Trade Policy Puts Americans Last
- Some Links
- Quotation of the Day…
- A Note About So-called “Trade Deficits”
- Some Links
- Quotation of the Day…
- More On Alleged Chinese Dumping
- Civitas Institute’s Tariff Symposium
- Some Links
- Quotation of the Day…
- On Alleged Chinese “Dumping”
- The Great H.L. Mencken
- Some Links
- Quotation of the Day…
- A Contest: Name That Protectionist Fallacy
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- The Experience of Arguing With A Typical Protectionist
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- The Rust Belt Wasn’t Done In By Economic Competition
- Some Links
- Quotation of the Day…
- The Fallacies Trotted Out to Support Protectionism Are Superabundant
- Some Links
- Quotation of the Day…
- Correcting Some Factual Errors About Trump’s Tariffs
- No Sane Businessperson Would Run A Company In the Way Trump Wants to Run the U.S. Economy
- Some Links
- Quotation of the Day…
- Geez
- Some Links
- Quotation of the Day…
- Even Trump Can’t Escape Logic and Reality
- A Final Attempt to Explain My Disagreement With John Lott on Trump’s Tariffs
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- Trump 2.0 (So Far) Compared to Trump 1.0
- Some Links
- Quotation of the Day…
- More on the Underlying Justification of Trump’s Tariffs
- The Debate Is About Protectionism, Not Raising Revenue
- Some Links
- Quotation of the Day…
- No, American Economic Growth Was Not Fueled by Protectionism
- Some Links
- Quotation of the Day…
- The Case for Protectionism Is Clear (As Long as Economics and Facts Are Ignored)
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- U.S. Tariffs Are Taxes On Americans
- Quotation of the Day…
- Some Links
- Trump’s Tariffs Are Paid Overwhelmingly By Americans
- Quotation of the Day…
- There Was No “Spike” In the U.S. Trade Deficit That Could Legitimately Have Prompted Trump’s “Liberation Day” Punitive Taxes on Americans
- More on Phil Gramm’s and My Book, “The Triumph of Economic Freedom”
- Some Links
- Quotation of the Day…
July 2025
- A Note On Today’s Oral Arguments In V.O.S. v. Trump
- Thanks to TFAS’s Roger Ream…
- Some Links
- Quotation of the Day…
- Quotation of the Day…
- On U.S. Trade Deficits and Global Demand for U.S. Dollars
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Protectionists’ Command of Facts and of Theory Is Weak
- Canadians Are Putting America First!
- Some Links
- Quotation of the Day…
- Trump’s Tariffs are Protectionist, Not Revenue
- Some Links
- Quotation of the Day…
- Naïve and Arrogant Protectionists
- Some Links
- Quotation of the Day…
- Full Text of Gramm’s and Boudreaux’s “Steel and Aluminum: These Are Trump’s Worst Tariffs”
- The Protectionist Troll Serves the Case for Free Trade
- Some Links
- Quotation of the Day…
- Donald “Bernie Bro” Trump
- Some Links
- Quotation of the Day…
- Correcting the Record on the 1980s-1990s VERs
- Some Links
- Quotation of the Day…
- What Business Is This Of Trump?
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Quotation of the Day…
- Bonus Quotation of the Day…
- Quotation of the Day…
- Protectionism Is Organized Vandalism
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Even If Resources Aren’t Scarce, There’s No Good Case for Protectionism
- “Consumption” Signifies Ends; “Production” Signifies a Means
- Some Links
- Quotation of the Day…
- Protectionists Say the Darndest Things!
- Some Links
- Quotation of the Day…
- Europe vs. the United States
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Question For Protectionists: Which Outputs Do Americans Currently Produce Too Much Of?
- Some Links
- Quotation of the Day…
- Trade Deficits Are Not As Objective As You Might Suppose
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- If You Like Superstitions, You’ll Love Protectionism
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Donald Trump Is The Typical Businessman – As Imagined by Socialists
- Some Links
- Quotation of the Day…
- Victor Davis Hanson Continues to Write Foolishly About Economics
- Some Links
- Quotation of the Day…
- Americans of All Stripes
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Another Open Letter to Howard Lutnick
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- “America Firsters,” Of All People, Should Welcome Subsidized Imports
- Some Links
- Quotation of the Day…
- Fair Trade Is Unfree – and Unfair
- Some Links
- Quotation of the Day…
June 2025
- Full Text of Gramm’s and Boudreaux’s “Tariffs Mean Electoral Defeat for the GOP”
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Deficit Financing By Government Is Unethical and A Source of Excessive Government Growth
- Some Links
- Quotation of the Day…
- Super-markets
- Some Links
- Quotation of the Day…
- Mark Meadows Complains That Canadians Put America First
- Some Links
- Quotation of the Day…
- Trump’s Tariffs on Steel and Aluminum Will Cause Economic Harm to America
- Some Links
- Quotation of the Day…
- The Real Emergency Is the Abuse of Delegated Powers to Address Emergencies
- Has Free(r) Trade “Hollowed Out” America’s Industrial Economy and Her Middle Class?
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- Are Protectionists Really This Historically Uninformed?
- Some Links
- Quotation of the Day…
- On Tariffs, Trump Outsmarted No One
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- Quotation of the Day…
- Bad Economic History Fuels Bad Present-Day Economic Policies
- No Logic to the “Liberation Day” Tariffs
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- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Trumpism Is More the Result of What Was Said About Globalization Rather Than About What Globalization Actually Did
- Some Links
- Quotation of the Day…
- Want Fair Trade and a Level Playing Field? Support Free Trade
- Some Links
- Quotation of the Day…
- The Profit Motive Will Ensure Adequate Supplies of Rare Earths
- Full Text of Gramm’s and Boudreaux’s “Yes, the U.S. GDP Decline Is an Ominous Sign”
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
- Predatory Pricing Is A Foolish Strategy
- Some Links
- Quotation of the Day…
- Exposing More of the Lame Excuses For Trump’s Protectionism
- Some Links
- Quotation of the Day…
- Question for Fans of Tariffs and of Tariff Man
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- Quotation of the Day…
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- Quotation of the Day…
- Open Letter to Howard Lutnick
- Some Links
- Quotation of the Day…
- Protectionism Isn’t Justified During Downturns
- Some Links
- Quotation of the Day…
- An American Enterprise Institute Discussion of “The Triumph of Economic Freedom”
- Some Links
- Quotation of the Day…
- Michael Shermer Talks With Phil Gramm and Me…
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- There Is No Such Thing As Free Tariff-Induced Domestic Production
- Some Links
- Quotation of the Day…
May 2025
- Trump Continues to Reveal Deep Misunderstanding of International Trade
- J.P. Morgan (Likely) Paid More
- Some Links
- Quotation of the Day…
- Imports Aren’t the Only Substitutes
- Debunking the Self-Styled Debunker
- Some Links
- Quotation of the Day…
- Oh, If Only Humanity Were Never Cursed by the Creation and Use of the Absurd Notion of ‘Balance of Trade’
- A Conversation With a Protectionist
- Some Links
- Quotation of the Day…
- On Retaliatory Tariffs
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Free to Choose to “Buy American”
- Some Links
- Quotation of the Day…
- Heaven Save Us From This ‘Negotiator’
- More on the Condition of U.S. Manufacturing
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Andrew Heaton Talks With Phil Gramm and Me About The Triumph of Economic Freedom
- Some Links
- Quotation of the Day…
- Complete Lunacy
- Trump Himself Again Proves That His Tariffs Aren’t A Tool to Bargain Down Tariffs Worldwide
- Some Links
- Quotation of the Day…
- One of My Favorite Quotations Ever Shared at Cafe Hayek…
- The Protectionist Is Someone Who Believes…
- American Manufacturing Is Doing Just Fine (Or At Least It Was Through 2024)
- Regime Uncertainty and Market Uncertainty
- Some Links
- Quotation of the Day…
- Historically, Large Tariff Hikes Have NOT Been Good Politics in the United States
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- In the Dugout With Mike Stenhouse
- Some Links
- Quotation of the Day…
- Full Text of Gramm’s and Boudreaux’s “Trump’s Tariffs Are as Bad as Bidenomics”
- Some Links
- Quotation of the Day…
- A “China Shock” Mystery
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Another Open Letter to Pres. Trump
- Oren Cass Marshals Fallacies
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- For Trump, That’s a Bug, Not a Feature
- Remember That Trump’s Core Justification for Tariffs Is Not Based on Revenue But Based on Their Alleged Ability to Protect American Industry
- On Real Median Household Net Worth
- Beware of “Balance of Payments” Statistics, Reason #21,884,906
- Some Links
- Quotation of the Day…
- Americans Have No “Consumption Addiction”
- Oren Cass Continues to Be Mistaken
- Some Links
- Quotation of the Day…
- Some Link
- Quotation of the Day…
- Yes to Market-Driven Foreign Investment; No to Protectionist-Driven Foreign Investment
- The Triumph of Economic Freedom
- The Economic-Understanding Deficit Grows
- Some Links
- Quotation of the Day…
- Kevin Gentry Talks With Me About Trade and Phil Gramm’s and My New Book
- The Illogic of Trumpian Protectionism
- Some Links
- Quotation of the Day…
- Open Letter to Commerce Secretary Howard Lutnick
- More On Manufacturing
- Some Links
- Quotation of the Day…
- Enough With the Nostalgia for the Manufacturing Economy of Fifty Years Ago
- Some Links
- Quotation of the Day…
- Protective Tariffs Are Punitive Taxes Imposed by Governments on Their Own Citizens
- Some Links
- Quotation of the Day…
- Some “Art”
- Or Maybe He’s One of Them There ‘Cosmopolitan Globalists’
- Some Links
- Quotation of the Day…
- On Joe Nocera’s Mistaken Take on Trade and Economics
- Some Links
- Quotation of the Day…
- GDP≡C+I+G+X-M Does…
- Ten Minus Two Never Equals Anything Other Than Eight
- Some Links
- Quotation of the Day…
- FedEx Began With Imported Aircraft
- Some Links
- Quotation of the Day…
- The High Costs of Trump’s Punitive Taxes on American Buyers of Imports and Import-competing Products
- The Language is All Wet
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- On the So-called “Twin Deficits”
- Some Links
- Quotation of the Day…
- The Economy Is Being Distorted by Trump’s Tariffs and Not By Efforts to Minimize the Tariffs’ Effects
- Some Links
- Quotation of the Day…
April 2025
- Twisted Illogic
- Awfully Nice of Him
- Some Links
- Quotation of the Day…
- Scott Winship on the “China Shock”
- What’s Trump Afraid Of?
- The U.S. Should Avoid Tariffs AND Subsidies
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- An Excellent Panel, on Trade, at the Hoover Institution
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
- Order Your Copy Soon!
- Comparative Advantage Prevails
- Some Links
- Quotation of the Day…
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- Quotation of the Day…
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- Quotation of the Day…
- Fairer Trade Is Grossly Unfair
- Some Links
- Quotation of the Day…
- Manufacturing Job Openings
- Nothing But Ominous Clouds
- A Note on the Decline in American Manufacturing Jobs
- Some Links
- Quotation of the Day…
- Fareed Zakaria Nails It
- Bonus Quotation of the Day…
- It’s Stupid to Match Other Countries’ Stupidity With Stupidity of Our Own
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Ronald Reagan in 1982 on Free Trade
- U.S. Trade Deficits Have Not Weakened Domestic Manufacturing
- Some Revolutionary Links
- Quotation of the Day…
- Tariffs Are Bad Medicine
- The Anti-Tariff Declaration
- Bonus Quotation of the Day…
- America’s Economy Today Compared to Three Periods in the (Relatively) Recent Past
- Some Links
- Quotation of the Day…
- On Mid-20th-century Manufacturing Jobs
- Kent Lassman Calls on Congress to Stop Shirking Its Constitutional Duty
- Victor Davis Hanson Should Stick to the Classics
- Some Links
- Quotation of the Day…
- Full Text of Gramm’s and Boudreaux’s “Trump’s Tariffs Have McKinley Turning in His Grave”
- Again, Trade ‘Deficits’ Are Not Necessarily Debt
- Some Links
- Quotation of the Day…
- America the ‘Ripped Off’?
- Quotation of the Day…
- Some Links
- Trumpian Protectionism Is Economic Poison for America
- Getting the Language of ‘Trade Deficits’ Correct
- That’s One Very Bad Business Model
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- The Great Dan Hannan…
- More On The Protectionist Canard that U.S. Trade Deficits Drain Americans of Wealth
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Chatting with Drew Benson About Trade
- How Protective Tariffs Work
- Some Links
- Quotation of the Day…
- Rob Atkinson Serves Up a False Narrative
- Some Links
- Quotation of the Day…
- The Winning Continues
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- And Yet Another Open Letter to Oren Cass
- Some Links
- Quotation of the Day…
- Freer Trade Would Satisfy Neither Trump Nor the NatCons
- Some Links
- Quotation of the Day…
- So Much Winning!
- Even Trump Doubts His Tariffs
- Daniel Hannan on the Logical Contradictions in the Case for Trump’s Tariffs
- Some Links
- Quotation of the Day…
- More Economic Lockdowns
- Mapa
- Trump Thinks Tariffs Will Help America’s Producers. He Should Think Again
- Liberated From Economic Growth and Freedom
- The Idiocy of It All
- Some Links
- Quotation of the Day…
- Trump’s Attempted Justifications for His…
- Some Links
- Quotation of the Day…
- Who You Gonna Believe? People With Skin In the Game or People Without Skin In the Game?
- Some Links
- Quotation of the Day…
March 2025
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Trumpian Trade Incoherence
- On What Motivates Trump’s Protectionism
- The Conventional Wisdom on Deflation is Dubious
- Some Links
- Quotation of the Day…
- Trump Is Reducing U.S. Trade Deficits
- Some Links
- Quotation of the Day…
- Trump Is Poisoning the Very Heart of the Market Order
- Some Links
- Quotation of the Day…
- Trade Deficits and Budget Deficits
- Ripping Us Off?
- So-Called “U.S. Trade Deficits” Are Microeconomic Phenomena
- Some Links
- Quotation of the Day…
- Let’s NOT Bring Back Furniture Manufacturing
- Some Links
- Quotation of the Day…
- More on Imports, Exports, and Ends and Means
- Some Links
- Quotation of the Day…
- Disagreeing With David Henderson
- An Open Letter to All Reporters, Editors, Columnists, Substackers, and Bloggers
- Full Text of Gramm’s and Boudreaux’s “Trump’s Myth of the Trade Deficit”
- The Free Market: “‘Puffery’ in Advertising”
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Protectionists’ Illogic Knows No Limits
- Some Links
- Quotation of the Day…
- Market-Driven Foreign Investment, Yes; Politics-Driven Foreign Investment, No
- Some Links
- Quotation of the Day…
- Commerce Secretary Lutnick Is Among Those Government Officials Who Are Ignorant of Basic Economic Facts
- Fallacies Aren’t Made Factual Through Constant Repetition
- Some Links
- Quotation of the Day…
- Victor Davis Hanson Doesn’t Understand Trade
- Some Links
- Quotation of the Day…
- What They Tax Their People, We’ll Tax Our People
- Notes on Consumer Sovereignty and Production
- Some Links
- Quotation of the Day…
- We Are Deluged By An Ocean of Ignorance About Trade
- Some Links
- Quotation of the Day…
- On Trade, Pharmaceutical Products, and Cheap Jeans
- Some Links
- Quotation of the Day…
- On U.S. Government Indebtedness and the U.S. Trade Deficit
- Do U.S. Trade Deficits Reduce Americans’ Net Worth?
- A Note On Changes In the Real Net Worth of the Average American Household
- Some Links
- Quotation of the Day…
- Trump & Co.’s Sheer Ignorance of the Economics of Trade
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- A Reality of Trade That’s Lost on Trump & Co.
- Trump Reverses the Meaning of the Term “Reciprocity”
- Why Michael Lind’s Arguments Are Bad
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Don’t Get Played by Protectionists
- Some Links
- Quotation of the Day…
- Trump Is As Clueless About Financial Markets As He Is About Trade
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- On Trade Policy, Trump Is Terrifying
- Some Links
- Quotation of the Day…
- Yep 5
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Trump Is Hopelessly Confused On Trade
- Some Links
- Quotation of the Day…
- Trumpian Tariff Fallacies
- Bonus Quotation of the Day…
- More On the Myth of Tariff-Induced American Industrialization
- Some Links
- Quotation of the Day…
- Say What?
- Some Links
- Quotation of the Day…
- Another Open Letter to Pres. Trump
- Some Links
- Quotation of the Day…
- More Deficient Economic Thinking
- Peter Navarro Conducts a Master Class In Looking Only at That Which Is Seen
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
February 2025
- If Washington Post Owner Jeff Bezos…
- The Accounting Illusion that Is the U.S. ‘Trade Deficit’
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- And Yet Another Open Letter to Oren Cass
- Some Links
- Quotation of the Day…
- An Open Letter to Abhi Desai
- Some Links
- Quotation of the Day…
- U.S. Trade Deficits Do Not Mean that We Americans Are Living Beyond Our Means
- Some Links
- Quotation of the Day…
- Gramm and Boudreaux on Trade Deficits
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- The Spectacular Economic Ignorance of Peter Navarro
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- An Open Letter to Some Correspondents
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Tariffs Are Charges On Fellow Citizens
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Lighthizer Continues to Deeply Misunderstand Trade
- Some Links
- Quotation of the Day…
- Oren Cass Preaches the Gospel of Intervention
- Some Links
- Quotation of the Day…
- Trade “Policy” as Thuggery
- Some Links
- Quotation of the Day…
- There Is No Economic Justification for Protective Tariffs
- Some Links
- Quotation of the Day…
- Negative Externalities Exist Only When People Suffer What Are Legitimately Classified as Losses
- Some Links
- Quotation of the Day…
- The World Is Increasingly Topsy-Turvy
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Protectionists, at Bottom, Make Economic Arguments
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
- Open Letter to Jeff Ferry
- Some Links
- Quotation of the Day…
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…
January 2025
- Some Links
- MAGAnomics
- Quotation of the Day…
- Gramm’s and Summers’s Open Letter in Opposition to Trump’s Tariffs
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Trump Has No Comparative Advantage at Understanding Trade
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Trump Doesn’t Understand Trade
- “Buy American” Rules Hurt Americans
- Some Links
- Quotation of the Day…
- Don’t Tell Trump!
- One Reason I Enjoy Drinking
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- A Country Is Not A Company
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Capitalism Is Indeed Relentless (It Cannot Possibly Feel Remorse)
- Pandemonium, Not Policy
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Percentage of Nonfarm Workers in America Employed in Jobs Classified as “Manufacturing”
- Some Links
- Quotation of the Day…
- Economists Should Never Abandon Their Principles
- Michael Pettis Continues to Blunder
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- The Fetish for Manufacturing Is Foolish
- The Economy of Dynamia
- Some Links
- Quotation of the Day…
- Sloppy Statistics Make for Sloppy Analyses
- Some Links
- Quotation of the Day…
- Another Strawman Slain
- Some Links
- Quotation of the Day…
- As Compared to What?
- Some Links
- Quotation of the Day…
- Getting the Effects of Protective Tariffs Straight
- How Strong Is the Case for Retaliatory Tariffs?
- Some Links
- Quotation of the Day…
- Frank Taussig on the McKinley Tariff
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Michael Pettis Gets History and Economics Wrong
- Some Links
- Quotation of the Day…
- Some Links
- Quotation of the Day…
- Globalization Is No Unique Source of Economic Change
- Bonus Quotation of the Day…
- Some Links
- Quotation of the Day…