Smoot–Hawley Anniversary Serves as Reminder of Protectionism’s Damage
Today marks the 81st anniversary of the passage of the Smoot–Hawley Tariff Act. Actor and economist Ben Stein famously explained this legislation in Ferris Bueller’s… Read More
Today marks the 81st anniversary of the passage of the Smoot–Hawley Tariff Act. Actor and economist Ben Stein famously explained this legislation in Ferris Bueller’s… Read More
The obvious reason to prevent a tax hike by extending current tax rates is that doing so will prevent further economic harm to an already… Read More
A financial bubble fueled by easy money and loose credit bursts. Unemployment shoots up, and gross domestic product falls sharply. Some in the U.S. Congress… Read More
An ugly financial bubble bursts. A misguided U.S. Congress responds by blaming foreigners and passes a trade bill that prompts widespread retaliation and exacerbates the… Read More
Professor of European Political Economy at the London School of Economics, Willem Buiter, writes at the Financial Times: I used to be optimistic about the… Read More
Barack Obama has frequently called the North American Free Trade Agreement (NAFTA) “a bad deal.” During one Democratic primary debate, Obama even said he would… Read More
In his latest column, radio talk show host Tom Morgan takes us down memory lane to explain why more, not less, free trade is needed… Read More
The Wall Street Journal editorial page looks at recent liberal efforts to attack conservative economic policy as a Herbert Hoover “Let the economy sink” approach… Read More
With politicians invoking the Great Depression to justify more government intervention in the market place, it is important to look back and remember what policies… Read More
