I’m eagerly awaiting Donald Trump’s announcements of increased tariffs on Liberation Day, April 2. I used to think that Donald Trump was an ignoramus who didn’t understand the gains from trade. But now I realize that he understands it better than we economists. All we have are our models and our logical reasoning. Trump has […]

Econlib Blog

02.04.2025

Elasticity and Tax Burdens - Econlib

The Financial Times has an article discussing the proposed tax on Chinese ships that use US ports: In 2024, about 46 per cent of US bulk fertiliser imports — 6.7mn metric tons — were carried by Chinese-built dry bulk carriers, according to Kpler data. A $1.5mn fee could increase transportation costs by $62.50 per ton, […]

Econlib Blog

02.04.2025

EconLog Price Theory: Inflation Targets - Econlib

We’re bringing back price theory with our series on Price Theory problems with Professor Bryan Cutsinger. You can see all of Cutsinger’s problems and solutions by subscribing to his EconLog RSS feed. Share your proposed solutions in the Comments. Professor Cutsinger will be present in the comments for the next couple of weeks, and we’ll post […]

Econlib Blog

02.04.2025

The Joy of Freedom in the Digital Age - Econlib

The title of this post comes from co-blogger David Henderson’s beautiful 2001 book The Joy of Freedom: An Economist’s Odyssey. It is one of my favorite books; David captures the optimism of liberalism in a way few other authors can. Since David wrote the book, the world has entered the Digital Age. The proliferation of […]

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Recent Mistakes I've Made - Econlib

Elasticity and Tax Burdens - Econlib

EconLog Price Theory: Inflation Targets - Econlib

The Joy of Freedom in the Digital Age - Econlib

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