by jpitney | Mar 27, 2025 | Trade
New tariffs will increase the price of US-made cars because their parts come from other countries. It’s not a new phenomenon, as Milton Friedman once explained with a pencil.
by jpitney | Mar 15, 2025 | Congress, House of Representatives, Trade
In 1987, Speaker Jim Wright (D-TX) created a new day in order to rush passage of a bill. Philip Wallach at The American Interest: Most dramatically, as Wright sought to push through a revenue-positive reconciliation bill following “Black Monday” in October 1987, his...
by jpitney | Mar 14, 2025 | Economic Policy, Taxes, Trade
‘Milton Friedman, April 27, 1978: The interesting question, and the question I want to explore with you today, is why is it that interference with international trade has been so widespread, despite the almost uniform condemnation of such measures by economists?...
by jpitney | Feb 3, 2025 | Economic Policy, Trade
Lindsay Wise at WSJ: The precise impact will depend on how long the tariffs stay in place and if other countries retaliate. The Tax Policy Center, a think tank, estimates the average household’s after-tax income will fall 1%, or $930, in 2026 because of the...
by jpitney | Feb 2, 2025 | Economic Policy, Trade
Wall Street Journal: The U.S. doesn’t produce enough lumber to meet domestic demand and thus imports about a third of the softwood used in home construction, mostly from Canada. Environmental policies restrict logging on public land in the American Northwest. Timber...
