Donald Trump is a protectionist like many other politicians, save that he unfurls his vast economic ignorance more fully and more proudly than do more seasoned politicians. I’ve more questions for Trump and his fans, and, indeed, for protectionists of all stripes, colors, and temperaments. Such as…. – If you buy your tomatoes and okra […]
America can run trade deficits forever.
Trump’s trade policies miss one of the most fundamental economic concepts: When two parties engage in trade, they are both better off.
Here is what you should know about NAFTA, the perennially controversial trade agreement
When it comes to trade, the best US policy, or that of any country, is the elimination of all barriers to imports. This can be done unilaterally. Abundance should always be preferred to scarcity.
Protectionism is the belief that domestic producers have a higher claim to your money than you do.