Economists disagree on many issues — is the Fed raising interest rates fast enough? But there is near unanimity on others — trade can benefit both nations and fosters efficient resource use; emissions fees are an efficient way to limit…
Mercantilist sentiments are dangerous nonsense
Some erroneous ideas die hard. That diseases are caused by “miasmas” no longer influences doctors. Farmers no longer believe, as the Greeks did, that the west wind somehow impregnates mares. But mercantilism, the erroneous notion that exports are inherently good…
Border adjustment tax is dangerous unknown
Congress is finally moving on tax “reform” and House Ways and Means Committee’s hearings brought forth a bevy of corporate executives — including from our own Target Corp. — to opine on the proposed “border adjustment tax” — a tax…
Trump’s ‘pump’ looks like liberal economics
When Donald Trump described his tax and spending proposals as “priming the pump,” we came full circle on the GOP’s approach to fiscal policy. Forth-six years after Richard Nixon offended many in his party by acknowledging, “I am now a…