Tweet [1]
My intrepid Mercatus Center colleague Veronique de Rugy is understandably unimpressed by Trump’s NAFTA machinations [2]. A slice:
I also fail to see how the president sees a return to the pre-NAFTA world as advancing his goal of reciprocity in trade duties. Under NAFTA, all U.S. exports going to Mexico are duty-free, as are non-agricultural U.S. exports to Canada. Even in spite of the Canadians’ high dairy duty, 97 percent of U.S. agricultural exports go to our neighbor to the north duty-free. In exchange, Mexico and Canada export their goods to us free of tariffs.
Tricia Beck-Peter explains that Leonard Read’s “I, Pencil” changed her life [3]. (“I, Pencil [4]” was first published 60 years ago this month.)
Brittany Hunter documents yet another grab by the greedy hand of the state [5].
My dear friend and former GMU Econ colleague (and Cafe Hayek co-founder) Russ Roberts asks if he deserves what he has [6]. And Russ continues to ask [7].
Megan McArdle offers what is sure to be an unpopular means of dealing with fentanyl abuse [8].
Pierre Lemieux is not too chicken to review some of the economics of tariffs [9].