On The Biden Administration’s 100% Tariffs on Electric Vehicles (EVs)
Must the US counteract Beijing’s subsidies with high tariffs?
How Javier Milei’s Free-Market Policies Lifted Argentina Out of Recession
Milei delivered his “shock therapy” plan in the first few months of his presidency. Tens of thousands of state workers were cut as were more than half of government ministries, including the Ministry of Culture, as well as the Ministries of Labor, Social Development, Health, and Education (which Milei dubbed “the Ministry of Indoctrination”). Numerous government subsidies were eliminated, and the value of the peso was cut in half.
Estonia’s Lesson to Putin’s Statist Russia and the World
Estonia is an inconvenient neighbor for another reason. It’s an uncomfortable reminder to Russians of what could have been. Today, the typical Estonian earns nearly 40 percent more than the typical Russian.
Trump’s Protectionist Trade Policies Won’t Make America Great Again
More than half of imported goods are intermediate items or inputs used in manufacturing. Because the cost of these inputs will rise with the tariffs, total employment in manufacturing and the entire economy will decline or, at best, grow slower.
Statism: How Latin America’s Wealthiest Country, Venezuela, Fell So Far
In 1970, Venezuelans were the wealthiest people in Latin America. With annual incomes comparable to those of the Finns and the Japanese, they earned two-and-a-half times what the typical Latin American earned. Their wealth bought them a longer life, lower infant mortality, and some measure of safety. Today, as the United Socialist Party’s Nicolás Maduro tries to steal another term as president, it is a different story.
Should Business Be Selfish?
Selfishness guides business to trade value for value with all parties – wages for employees’ productivity, products and services for customers’ payment, payment for suppliers’ products, and so on – by mutual consent, for mutual benefit, with no deception or fraud. This is the only way business can maximize long-term profits – and the reason it should be selfish.
America’s “Trade Deficit” With China
Just as there’s absolutely no reason for you to worry about the trade deficit that you have with your physician or your grocer, there’s absolutely no reason for us Americans to worry about the trade deficit that America has with China.
Confusing Effort with Achievement: On The Labor Theory of Economic Value
Labor is not, in itself, a source of value. Labor is expended in the pursuit of value, and the market process’s competing bids and offers convert people’s individual assessments into intelligible data called prices.
Prisoner Exchanges Between the United States and a Tyranny Like Russia are Asymmetrical
Russia and other tyrannies can take hostages whenever they choose to and use them as bargaining chips.
