Tariffs, our selective amnesia, and the total failure of American imagination

Those who are convinced we cannot make things in America anymore have conveniently forgotten the recent history of the pandemic, where we invented a new vaccine, produced hundreds of millions of doses along with hundreds of thousands of ventilators and millions of other medical devices in a few months.   There are plenty of reasons… Continue reading Tariffs, our selective amnesia, and the total failure of American imagination

The truth about tariffs, the only tax the establishment doesn’t like

In a country where we tax everything, tariffs have been singled out as uniquely disastrous, but why, when any argument applied to tariffs in particular can be applied to taxes in general?  There will always be a potential upside – more revenue raised and/or a change in behavior – and a downside, namely an increase… Continue reading The truth about tariffs, the only tax the establishment doesn’t like