Either way, the reality is that her [Clinton’s] instincts on pretty much every policy issue are incorrect. She wants the government to grow and she wants to smother the labor market to death with new mandates and tell entrepreneurs how to run their companies and pay their workers. She wants more regulations and she wants the government to have a say in what the innovations of the future should be. She wants a one-size-fits-all labor market and opposes the sharing economy. She is a drug warrior and “the candidate of the war machine.” She is also in favor of the worst crony programs out there, like the Ex-Im Bank. For all these reasons, it is hard for me to believe that she is good on trade. And one thing is sure: Like most people, Hillary fails to understand that imports – not exports – are what improve the lives of millions of Americans, especially low-income Americans. No one explained it better than Paul Krugman in a beautiful and beautifully succinct article called “What Do Undergrads Need to Know About Trade?“
Quoting Adam Ozimek, James Pethokoukis makes the case that tariffs are harmful.
Alberto Mingardi ponders the intellectual as celebrity.
In this even shorter video, Johan Norberg busts myths about trade, NAFTA, and deindustrialization.
George Selgin explains that there are worse things than libertarian fantasies about monetary reform.
