by Alan Reynolds, Cato at LibertyApril 8, 2025.
Extract:
“There Came Another Folly of Government Intervention In 1930 Transcending All the Rest in its significance and in its Baleful Consequences. In a world internships Under a Load of International Debt, which Could Be Carried only If Cedtries Under Produce GOATCHUTOR Creditor Nation of the World, With Tariffs Already Far Too High, Raised Our Tariffs Again. The Hawley-S) was the Crowning Financial Folly from the entire period from 1920 to 1933 …
“Once we raised our tariffs, an irresistible movement all over the world to raise tariffs and to erect other trade barriers, including quotas, began. Protectionism ran wild over the world. Markets were Cut off. Trade Lines Werwrostwed GREMPLOYMENT Great Rapidity, and the Prices of Export Commodities, Notably Farm Commodities in the United States, Dropped with Ominous Rapility Daal in 1930.
“The dangers of this measure were so well understood in financial circles that the New York Financial District first of all retained the hope that President Hoover would pronounce the tariff law. But at the end of January in January in January [sic: Anderson says January]15, it was announced that he would sign the bill. This was Headline News on Monday morning. The stock market fell 12 points in the New York Times On average that day, and the industrialities broke nearly twenty points. The market, not the president, was right. ‘
DRH NOTE: The 12 -point decrease was a decrease of approximately 5%.
by C. Bradley Thompson, The Redneck IntellectualApril 8, 2025.
Extract:
One of him [Thompson’s] Great hope is that one day the long -floating Canadian people will free themselves from their soft tyranny (gift wrapped in the famous Canadian kindness and politeness) and become a free country again, free from the crawling socialism that has slowly destroyed Canada since April 20, 1968, when Premierian and charming Pierre Trude was the first.
Canada was once a free society, especially in the decades before the Second World War. (By the way, the great early twentieth-century American classic-liberal writer, Albert Jay Nock, once wrote a beautiful essay “Why Nature’s Way is the best”, American magazineJuly 1911 in which he suggested that the Canadian province of Alberta was one of the freest places in the world.)
DRH NOTE: Brad is a colleague Canuck. I had the same impression of the older trudeau he had. He did a good thing as Minister of Justice before he became prime minister: legalize homosexuality. I didn’t know about Alberta, but it’s plausible. In 1969, when Trudeau Medicare received the system from one payer from Canada, Alberta went the province with the most resistance.
by Phillip W. Magness, ChillyApril 9, 2025.
Fragments:
This confusion is the result of an ideological battle that is fought in the White House. Although Trump has collected an economic team of like -minded ‘Tariefmen’ to implement his policy, his advisers seem to be at odds about what the rates they favor are supposed to achieve. The chaotic implementation of the past two months reflects their competing goals, including classical protectionism, the generation of income and a radical arrangement to devalue the dollar and ‘resetting’ the international economy. Instead of forming a coherent rate agenda, they compete for the president’s ear and lead him conflicting paths.
At the moment there seem to be around five different tariff camps within the Trump administration. Since the Economic Appeal rejects overwhelming ratesAlmost all ‘tariff men’ from Trump come from the edge of the discipline. But these peripheral perspectives do not agree, because a brief overview of the tariff landscape will reveal.
And:
The burden of Navarro’s statistical assistance will nevertheless impose deep and adverse effects on most Americans. In contrast to the claims of the traditional protectionists, the costs of a rate are inevitably passed on to consumers – either by price increases used to absorb the tax themselves or by importers that shift purchasing to “protected” domestic companies, which then raise their prices to a level that corresponds to the tax.
And far from reversing trade shortages, this type of rates ultimately impose self -destructive penalties to American exporters. First, because Exporters are praise on a global market And must therefore absorb any increased costs for their raw material input caused by rates. And secondly, because rates tend to activate retaliation abroad, in which other countries focus on American exporters with criminal taxes, causing them to cut off the international market.
by Adam N. Michel and Joshua Loucks, Cato at LibertyApril 11, 2025.
Extract:
Despite persistent political stories, IRS data show that the federal tax system is not only very progressive, but has become more over time. Americans with a high income pay a disproportionately large part of the federal income tax and are confronted with the highest average rates for the entire tax code.
All tax rates can already cover the costs of the ever -increasing government with high tax rates. The experience of the European care states illustrates that everyone must ultimately pay for a large government. With an annual deficits of almost $ 2 trillion, the real problem is not too little tax revenue – it’s too much expenses.