Tag Archive: Free Trade

MotM Briefs – More on Trump and Free Trade

Michael Kendall November 11, 2016 0 Comments

For sure, trade is not free. Tariffs are a means to raise revenue to fund government. There is nothing wrong with that. Tariffs funded the U.S. government almost exclusively until the introduction of the income tax in 1913. Combined with…
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Economics, MotM Briefs

Free Trade, George Gilder, Trump

MotM Briefs – Trump and Free Trade

Michael Kendall November 10, 2016 0 Comments

The problem with free trade arises from the beggar-thy-neighbor belief that competitive currency devaluation results in a trade advantage. Without stable currencies that remain equal in value–an international gold standard–free trade becomes a race down the devaluation road. Then the…
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Economics, MotM Briefs

Central Bank, Free Trade, Trump