The Greatest Tariff Speech in Congressional History by James Bovard, November 19, 2024 Donald Trump is bringing his idolatry of high tariffs back to the White House. Trump proclaims that “tariffs are the greatest!” and that “tariff” is “the most beautiful word in the dictionary.” Vast numbers of his Republican supporters will echo any dubious […]
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Industrial Policy Returns, Prior Pratfalls Notwithstanding
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 […]