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The debate over industrial policy ended… 35 years ago

      By Erik Sass, TES Editor-in-Chief   The rise of populism has brought with it the return of statism in the economic sphere, especially regarding international trade, where previous moves towards freer trade have been roundly rejected in favor of old-fashioned mercantilism and bilateral brinksmanship. Another aspect of the economic déjà vu is […]

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High tariffs benefit a few high flyers – and that’s it

  “Higher Tariffs Benefit Certain CEOs, But Almost Nobody Else” By Daniel Griswold, courtesy of the Mercatus Center   A big reason why tariffs are so tempting to politicians is that the costs they impose on the economy are diffused. These costs are spread across millions of households and thousands of businesses, forcing them to […]