A new study shows that “isolationist trade policies” could cut $2 trillion from America’s gross domestic product (GDP) by 2022. Therefore, Nev Elis suggests in The Hill, President Trump’s tariffs will not make America great again—they will make us poor. America would be better off, Elis argues, embracing “internationalism” as its modus operandi.
You own an artisanal bakery that makes the best $2 baguettes in town. Business is booming. In fact, business is so good that a German bakery opens up across the street. You’re not worried: their $3 baguettes are good, but not that good. You’re sure you can outcompete them in good ol’ American
In a recent piece for the Washington Post, former CNN correspondent Heather Long and her colleague Andrew Van Dam contend that President Trump’s tariffs will hurt Trump voters the most. Their conclusion is unsurprising, as the mainstream media’s raison d'être is to rebuke the president and gaslight his supporters into thinking they have
Ben Shapiro likes to say, “Facts don’t care about your feelings.” Shapiro on Thursday responded to my article “Why Ben Shapiro is Wrong on Free Trade” with his own piece: “Yes, Tariffs Are Still Stupid. Here’s Why.” He also talked about my article on the “Ben Shapiro Show.” Shapiro made it crystal clear:
Isaac Newton was a genius—perhaps the most intelligent man ever to walk this earth. It was he who uncovered the laws of motion, he who unraveled light’s mysteries, and he who first invented calculus. His work underpins modern mathematics, physics, and engineering. And yet Newton lost his entire fortune in the South Sea
In 1014 A.D. the Byzantine Emperor Basil II defeated the Bulgar hordes at the Battle of Kleidion. To ensure the Bulgars would never rise up again, Basil blinded the survivors—leaving every hundredth man with a single eye. The one-eyed led their brothers home, but mostly the blind led the blind. How many Bulgars
In 1988, Donald Trump told Oprah Winfrey that America was being “ripped off” by its trading partners. Nearly 2 million Americans lost their manufacturing jobs between 1979 and 1988 to cheap, government-backed Japanese competitors. Oprah’s audience applauded. Three decades later nothing has changed: America lost 5 million more manufacturing jobs, and Trump is
California is a land of untold opulence. Hollywood's glitter dazzles the gawking masses, while the world's most profitable companies, Google, Apple, and Facebook, funnel cash into the Golden State from every corner of the earth. And yet California is also desperately poor. One-in-five Californians live in poverty, the state's income inequality is worse
Last week President Trump proposed terms for a deal on DACA. Days later Trump reiterated his plan in his State of the Union address, calling it a "great deal" for Democrats. It is, but for America, I am sad to say that it is one of the worst deals in the history of
Economists love words. They have a word for just about everything, and if they don’t then they’ll make one up. Economics is rife with jargon. But there are some words you just can’t say. There are bad words. Dangerous words. Tariff! That’s the big one. No matter the context, tariff is always a
