Tweet In the April 15th, 2025, print edition of the Wall Street Journal, Phil Gramm and I continue to expose the economic and historical illiteracy of Trumpian protectionism. Two slices: The logic of the Trump protectionist policy is that a nation can become richer by producing at home products that it could buy more cheaply abroad. Not only does this defy reason, but the administration has presented no evidence showing how the U.S. or any other nation has […]

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Larken Rose and Patrick Smith talk about Trump voting libertarians/anarchists. Looks like pragmatists took another L, maybe it’s time to think and act along principles. https://www.youtube.com/watch?v=xtB2bUYGjB0 submitted by /u/stoic79 [link] [comments]

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Tweet Here’s a letter to a Facebook friend. Greg: Thanks for your e-mail. Your correspondent commits the commonplace mistake of assuming that any increase in the U.S. trade deficit necessarily means that Americans are going further into debt to – or selling off assets to – foreigners. Evidence sufficient to refute your correspondent’s claim is the fact that the average real net worth of the American household is today more than triple what it was when America last […]

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Chapter 10 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

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The last excuse that diehard defenders of President Trump’s tariff policies have advanced now lies in ruins. Trump had put in place exorbitant tariffs, these defenders acknowledged, but this was just a negotiating tactic, to get the targeted countries to lower their own tariffs on American goods. But if that is his aim, he is pursuing it in a blunderbuss fashion. As Paul Craig Roberts, a strong defender of tariffs, says: “Trump’s position on tariffs is problematical for […]

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