Protectionism Is More Idiotic Than It Looks by James Bovard Donald Trump’s re-election assures that protectionism will become even more fashionable inside the Beltway. Trump recently declared that tariff is “the most beautiful word in the dictionary,” and the exaltation of trade barriers has become the latest political mania. Washington hustlers are loudly promising to […]
Libertarian Institute, July 17, 2024 Tariffs Are Bipartisan Enemies of Freedom by James Bovard President Joe Biden and former President Donald Trump both portray tariffs as magic wands to create national prosperity. Trump is calling for a 10% across-the-board tariff on imports, while Biden is imposing selective tariffs that he portrays as miracle cures for […]
Biden Perpetuates Washington’s Idiotic Steel Trade Policies 04/19/2024 • Mises Wire • James Bovard Joe Biden is seeking to boost his reelection campaign by torpedoing Chinese imports. In an April 17 speech in Pittsburgh, the symbolic heart of the steel industry, Biden announced that he asked his US trade representative to triple tariffs on Chinese steel and aluminum imports. […]
American Institute for Economic Research, November 22, 2022 Industrial Policy Returns, Prior Pratfalls Notwithstanding James Bovard Jubilation erupted in Washington this summer as industrial policy came back into fashion. Congress passed Biden-backed legislation known as the CHIPS Act to spend $52 billion subsidizing semiconductor production. But the new law is a reminder that politicians prosper […]
Mises Institute, October 27, 2021 Protectionism Is Immoral, Unjust, and Corrupt by James Bovard Protectionism is reviving in Washington on both sides of the political aisle. Democrats are cheering proposals to restrict trade to benefit labor unions and save the environment while some Republicans are reviving Smoot-Hawley style salvation schemes. Protectionist advocates routinely seize the […]
American Institute for Economic Research, October 20, 2021 Fair Trade Is Still a Fraud James Bovard The Biden administration is embracing the same flawed “fair trade” mantra that previous administrations used to sanctify protectionist policies. Biden’s team has “largely dispensed with the idea of free trade as a goal in and of itself,” the New […]
American Institute for Economic Research, April 22, 2021 Steel Follies and the Perils of Politically-Controlled Trade James Bovard The Biden administration appears determined to perpetrate all of Trump’s economic follies while adding fresh blunders of its own. Trump was notorious for saying incorrect things on trade, such as his assertion that “trade wars are good, […]
