Mercantilism

Adam Smith Proved Ideas Matter

Adam Smith proved that ideas can change the world, and we are all immeasurably better off because of the ideas he shattered and the ones he set in motion. 

- July 20, 2015

Trumpism: The Ideology

As bad as the status quo is, it could be worse. Trump is dedicated to taking us there.

- July 17, 2015

The Ex-Im Bank Is Dead. (But Watch Out for Subsidy-Zombie.)

The second rule of Zombieland is always double tap. The same goes for seemingly unkillable government programs.

- July 01, 2015

Trans Pacific Partnership Is about Control, Not Free Trade

The trade agreement is a trojan horse for exporting US special interests' agenda abroad. 

- June 04, 2015

#23 – “The Balance of Trade Deficit Requires Government Action”

No trades are deemed as anything but “favorable” by those engaged in the trading, so how can anyone add all those trades up and arrive at something “unfavorable”?

- September 19, 2014

Help for the Downtrodden Corporate Exporter

The Ex-Im Bank grows out of the mercantilist belief that the wealth of nations is determined by a "favorable balance of trade." Therefore the level of exports is crucial and government promotion is paramount. All balderdash, of course.

- November 12, 2010

Mr. President, Meet Mr. Smith

Since it’s obviously possible for people to reach the pinnacle of politics without seeming to know much about either economics or Smith, perhaps we’re overdue for a little reminder about both.

- December 01, 2008

The New Feudalism

Many of the modern political power plays seem to historian Clarence Carson to be a reversion to feudalism without the stabilizing effects such measures afforded in earlier times.

- July 01, 1967

Mercantilist Myths that Refuse to Die

High productivity (and, hence, high wages) result from the deep market-directed specialization of labor made possible by global trade itself. Tarrifs will only lower their productivity.

- August 12, 2016

Donald Trump Is the Nightmare Version of a Political Outsider

Trump's populism is all the flimflam, finger-pointing, and impossible promises of traditional politics, just stripped down to raw emotion and bare parts.

- April 01, 2016

Foreign Imports Are Good for Americans

Politicians's obsession with exports, industry, and "jobs" misses the bigger picture.

- November 17, 2015

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