Steel yourself for Trump’s Trade Wars

Yesterday, Donald Trump took the opportunity to bash Wisconsin's Governor Scott Walker on economics and "hatred" in Wisconsin. He turned in a typical self-awareness-free stream of consciousness. The hatred aside, apparently referencing demonstrations by public service union thugs, was amusing mostly for its utter lack of introspection. Applying similar logic to violence at Mr. Trump's… Continue reading Steel yourself for Trump’s Trade Wars

Can you say "Smoot-Hawley?"

The "stimulus" bill's “Buy America" provisions are having negative effects on international trade. Our trading partners are suffering, as are we, through higher costs and lower efficiency.Adding injury to insult, President Obama's budget posits a massive tax increase on American corporations with foreign operations. As this Cato Institute video notes, the advantages foreign corporations already… Continue reading Can you say "Smoot-Hawley?"