Guest Post by Randal A. Burd, Jr. Those who enjoy even a cursory understanding of the economic policies of the last two decades should be quite familiar with the term “free trade.” Free trade is simply a government’s policy to intentionally refrain from restricting imports or exports via the use of subsidies and tariffs. While...
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This is the conclusion of the previous post where we give examples of notable economists who oppose international free trade and are in favor of some form of protectionism. Stephen Roach, lecturer at Yale University’s School of Management, chief economist of Morgan Stanley says,...
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Most economists think sort of like Uwe E. Reinhardt, an economics professor at Princeton, who posted in the New York Times, “Whether a fellow American gains from a trade or someone in Shanghai does not make any difference to most economists, nor does it...
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The United States economy slowly chugs along like a train coasting without any power. It is only a matter of time until we run out of steam and enter...
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Sometimes we quietly hope we’re wrong. “Maybe there is an unknown, unforeseen way for our economy to prosper in spite of international free trade,” we optimistically wonder. Then we hear...
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Led by popstars like the charismatic Paul Krugman and powerful Ben Bernanke, most people still think ill of trying to take strong measures to save what little is left...
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The Immigration Amnesty Bill passed in the Senate this week with a vote of 68-32. The House of Representatives is the only thing left standing between this bill and further economic hardships...
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It’s time for the outlook for Jobs 2013. Things are looking less bleak than last year. Unemployment in April 2013 stands at 7.5% compared with 8.1% last year in...
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For the first time in a long time, a candidate was willing to point to the tip of the free trade iceberg during a campaign. Unfortunately, that candidate, Mitt...
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Our unemployment rate edged up in May to 8.2 percent, from April’s 8.1 percent. And we only added 69,000 new jobs in May, which was a surprise to the...
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Detroit is planning on reducing the number of street lights from 88,000 to 46,000 street lights, according to a recent report by Bloomberg News. Its residents are already learning...
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You may have heard news reports about how we still have a very large manufacturing industry in the US. But, it appeared to me that almost every manufactured item...
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The US Supreme Court has begun hearing arguments about the new US government-mandated health insurance plan, known as the Affordable Care Act. It is also known in some circles,...
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Sometimes the truth will leak out when our leaders and politicians are being interviewed. Mitt Romney said recently that he was not concerned about the very poor. ...
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