Free trade with China is still good for us all

Doug Irwin in his seminal book Free Trade Under Fire points out that Democrats and Republicans have historically vacillated on free trade. The Democratic Party of the late 19th century up until World War II was the party of trade liberalization when Republicans consistently voted for high tariffs. Continue Reading...

Against trade wars as class wars

Debates between free-traders and protectionists routinely devolve into competing variations of class warfare – each claiming the cause of the “common man” against a wealthy and entrenched elite. Whereas protectionists argue that trade liberalization primarily benefits the rich, displacing disproportionate numbers of working-class employees, free-traders rush to the defense of working-class consumers, whose pocketbooks are undoubtedly harmed by tariffs and restrictions. Continue Reading...

The moral weight of taxation

As Congress works on a $6 trillion spending bill that would be funded by higher taxes and increasing the national debt, Americans should be asking themselves: When is taxation morally permissible? Continue Reading...

Why capitalism is worth conserving

Amid the waves of populism and protectionism sweeping across the American Right, capitalism has become a favorite target of many prominent conservatives, blamed for the decline of religion, the demise of the family, and the erosion of civil society. Continue Reading...