TweetRobert Pozen explains that Trump’s tariffs will repel foreign portfolio investment in the United States and thus – among other harms – raise real interest rates. Two slices: The Trump administration says this week it will impose reciprocal tariffs on countries that have regularly run substantial trade surpluses with the U.S. But these surpluses have […]

Cafe Hayek

02.04.2025

Who You Gonna Believe? People With Skin In the Game or People Without Skin In the Game? - Cafe Hayek

TweetA letter to National Review. Editor, The Corner National Review Editor: Michael Brendan Dougherty expresses his agreement with Oren Cass’s support (in Cass’s words) “of President Trump’s desire to reshape the global trading system” – a reshaping that’s allegedly necessary to ‘liberate’ the U.S. economy from forces that are undermining its long-run vitality (“Expecting Liberation […]

Cafe Hayek

02.04.2025

Quotation of the Day... - Cafe Hayek

Tweet… is from page 437 of Phil Magness’s new paper “Old Lessons for the New Protectionists,” which is a chapter in the collection Free Trade in the Twenty-First Century (edited by Max Rangeley & Daniel Hannan, 2025): Tariffs are a product of a political world inhabited by vested interests and pressure groups that cannot be […]

Cafe Hayek

02.04.2025

Some Links - Cafe Hayek

TweetThe Wall Street Journal reports on the shabby treatment given by Trump’s protectionism to Mercedes-Benz and some other foreign – “foreign” – automakers. A slice: Roughly two-thirds of the 324,500 vehicles Mercedes shipped to dealers in the U.S. last year were imported, and even the popular GLE and GLS SUVs it assembled in Tuscaloosa, Ala., […]

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Some Links - Cafe Hayek

Who You Gonna Believe? People With Skin In the Game or People Without Skin In the Game? - Cafe Hayek

Quotation of the Day... - Cafe Hayek

Some Links - Cafe Hayek

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