The Economics of Trump’s Tariffs vs Income Tax
by Benn Steil and Elisabeth Harding President Trump has many times suggested that tariff revenue could replace the federal income tax. This claim is absurdly off-base,…
Terra Incognita
Written by Luca Martina We don’t know whether the trade war triggered by President Donald Trump stems from his ignorance of the potential consequences,…
Trump’s “Liberation Day” Tariffs Are a Mistake
Connor O’Keeffe Today, April 2, 2025, is what Donald Trump and his team are calling “Liberation Day.” Because later, the president will host an…
Jean-Baptiste Say: Neglected Champion of Laissez-Faire
Larry J. Sechrest Beyond some rudimentary facts, very little is available in English about the life of J.B. Say.1 He was born in Lyons,…
Isaac Newton’s Place in the History of Economic Thought
By Claudio Restani Isaac Newton is certainly one of the most important scientists in human history—mathematician, physicist, astronomer, philosopher, and theologian. In the second…
The Panic of 1819: Rothbard v. Browning
By Joseph Solis-Mullen The Panic of 1819 was one of the first major economic and financial crises in American history. The panic led to…
Elon Musk Is Wrong About Money
By Jonathan Newman For better or worse, Elon Musk has taken a liking to old Milton Friedman videos. On the good side, Musk has embraced Friedman’s…
Book Review of The Age of Debt Bubbles
From the Pacific Research Institute On Donald Trump’s second day in office of his second term as President, the government exceeded its congressional borrowing…
William McKinley: Prostitute of Protectionism
By Thomas J. DiLorenzo In his inaugural address President Trump called President William McKinley (1897-1901) “great” and proudly announced that he had changed the…