The trade war between the U.S. and China is escalating, and there’s very little chance of it abating any time soon. The real test is which country will feel enough pain to cry uncle first and how much damage...
President Donald Trump has long derided the North American Free Trade Agreement (NAFTA) as a terrible deal. Campaigning for President he vowed to scrap, or at least substantially renegotiate, the trade pact. On Monday, the President announced that the...
President Donald Trump on Monday trumpeted an agreement with Mexico on trade that he believes rights some of the wrongs of the North American Free Trade Agreement, or NAFTA, which Mr. Trump has called the worst deal in history....
By Scott Lincicome, orginally published by the Cato at Liberty Blog as "'Reciprocal' Trade Demands Defy Basic Economics and Common Sense." Republished with permission of the author. Despite the immense benefits that Americans have derived from free trade and globalization, as well...
In normal times, the Fed responds to economic downturns by lowering its federal funds rate target. This is the rate banks charge each other for overnight loans. But, by late 2008, the Fed had already cut the federal funds...
The Republicans are finally at the finish line of a massive tax cut bill, the first major legislative accomplishment of Donald Trump’s Presidency and the biggest overhaul of the tax code in three decades. But, tax policy is mindbogglingly...
It’s been nearly 20 years since the last time the U.S. government managed to not spend more than it earned. No one in their right mind would lend money to a business that has been running in the red...
A new study from Boston University has some great news for the GOP. According to Boston's research, the GOP plan for tax reform could increase GDP by as much as 5 percent and wages by as much as 7...
We are facing an economic crisis in this country.  The way President Donald Trump and Senator Bernie Sanders tell it, we are facing an invasion and an exodus all at the same time.  President Trump’s biggest fear is the...
It’s “Made in America” week at the White House and it seems like President Donald Trump is trying to keep the promises he made on the campaign trail.  However, doing so could disrupt a brilliant plan to diminish Russia’s...
The only thing harder than fixing health care is tax reform, but President Donald Trump means to try. The proposal the White House unveiled today is short on specifics, long on aspirations. Trump's plan includes: A 15% corporate tax...
For the classes I teach at Stanford’s Graduate School of Business I make my students write policy memos to a friend or family member as if that person was a Member of Congress. I have done the same here. These...

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