One of the ironies of trade protectionism is that, with tariffs and import quotas, we do to ourselves in times of peace what foreign nations do to us with blockades to keep imports from entering our country in times of war.
Or consider that we impose sanctions on U.S. enemies such as North Korea, Russia and Iran because we want them to feel the...Read more
The Trump administration and the Republicans in Congress have passed one of the best pro-growth tax bills ever. The Tax Cuts and Jobs Act ranks in the all-time hall of fame along with former President Reagan's 1981 and 1986 tax acts, and former President Kennedy's posthumous tax cuts in 1964. The announcements by Apple, FedEx, AT&T, Fiat ...Read more
"America is open for business, and we are competitive once again." That was just one of the key lines in President Trump's highly successful speech in Davos, Switzerland, last week.
Of course, in going to Davos, Trump entered the lion's den. A year ago such a visit would have been a poor idea. Back then, elitist heads of state, European Union ...Read more
There were two big money-and-politics stories in the first week of the new year: The Dow Jones industrial average soared 577 points, and former White House chief strategist Steve Bannon ended his political career.
Are these two events related? Perhaps more than you might think.
Bannon's peculiar notions of populism were essentially anti-growth...Read more
With President Trump's signing of the big tax cut bill, the Republican Party snatched victory from the jaws of defeat. Suddenly, the political and economic landscapes have changed. The GOP has turned the tables on the Democrats.
With the passage of this powerful tax-cut legislation to boost business investment, wages and take-home family pay,...Read more