Early in his EconTalk interview with Douglas Irwin, Russ Roberts says: But I just want to pose the question: Suppose they didn’t come back. Suppose foreigners sold us cars and all kinds of things, and we sent them dollars. Americans sent them dollars. And the foreigners really liked the way the dollars looked, so they put them […]

Econlib Blog

09.05.2025

Gas Shortages: Cutsinger's Solution - Econlib

Question: Suppose the market price of gasoline is $5.00 per gallon. Politicians, responding to their constituents who believe that such a price is outrageous, impose a price control of $2.00 per gallon. At this price, you want to buy 9 gallons of gasoline per week but gas stations are now only willing to sell you […]

Econlib Blog

09.05.2025

Tariffs, Growth, and Brexit - Econlib

Scott Sumner’s post Tariffs and the Economy observes that the most important effects of tariffs are not big, dramatic, or immediate ones. They’re the hits to long-term growth as arrangements gradually become less efficient and lower growth rates compound. The lack of an immediate, catastrophic outcome could be used as an excuse to dismiss tariffs […]

Econlib Blog

09.05.2025

The Lure of Yesteryear Manufacturing - Econlib

An eight-second Wall Street Journal video clip illustrates the old-time, labor-intensive manufacturing that some, including the two last US presidents, want to bring back to America by using state coercion and threats (“Trump’s Tariffs Are Lifting Some U.S. Manufacturers,” May 4, 2025). The featured worker in the video clip seems to be endlessly repeating two […]

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Go Ahead and Keep Them; We’ll Make More - Econlib

Gas Shortages: Cutsinger's Solution - Econlib

Tariffs, Growth, and Brexit - Econlib

The Lure of Yesteryear Manufacturing - Econlib

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