Benn Steil: Trump’s Tariffs Are Killing American Steel
“Our Steel Industry is the talk of the World,” President Trump tweeted in September. “It has been given new life, and is thriving.” Yet nearly…
The ECB’s Quantitative Easing Was a Failure — Here Is What It Actually Did
By Daniel Lacalle The main reason why the ECB quantitative easing program has failed is that it started from a wrong diagnosis of the eurozone’s…
The Fed Is Tightening More Than It Realizes
by Benn Steil and Benjamin Della Rocca at CFR https://www.cfr.org/blog/fed-tightening-more-it-realizes Before the 2008 collapse of Lehman Brothers, the Fed’s balance sheet stood at $925 billion—mostly U.S. Treasury securities. After…
Coffee Sellers Are Not Fundamentally Different from Banks
By Joakim Book With the 2007-8 financial crisis came a splendid alphabetical soup of central bank interventions to stimulate financial markets, lower interest rates, provide…
Why Luxury Goods Make Everyone Better Off
Ryan McMaken Listen to Ryan McMaken’s commentary on the Radio Rothbard podcast. One of the more persistent myths about capitalism is that wealth and resources…
Elementary approaches on Freedom
by Michael Messal Source: https://www.austriancenter.com/elementary-approaches-on-freedom/ “Freedom is just another word for nothing left to lose.”i This quote from the song “Me and Bobby McGee by…
Japan’s Not Really A Domino, Though The Timing Is Right
By Jeffrey P. Snider This year is just different. Increasingly so. Not just in one or two places, either, but in way too many places….
China’s Trade Surplus With US Hits Record High as Export Growth Declines
by Mike Mish Shedlock US trade data with China makes it increasingly likely Trump will increase tariffs on China. Bloomberg reports China Trade Outlook Darkens as…
Laissez-Faire and Little Englanderism: The Rise, Fall, Rise, and Fall of the Manchester School
By Gregory Bresiger from THE JOURNAL OF LIBERTARIAN STUDIES Volume 13, Number 1 (1997) War Follows Protection. Peace Follows Free Trade. As David Ricardo said, “If…
Zero Hedge: US Ports Fear Tariffs Could Collapse Ship Traffic And Reduce Jobs
President Donald Trump has repeatedly told the American people his trade war pitch: “Tariffs are the greatest!” Except they are not — and a new…