Tariffs are Compromising Trump’s Economic Agenda 

President’s Trump Liberation Day announcement of higher tariffs was supposed to trigger massive reshoring and restructuring of the US economy towards its manufacturing industries.  Instead, it provoked a sharp drop in financial markets. Such a widespread drop typically signals the onset of recession, not the redistribution of labor and capital from sectors that are damaged…

Making GDP Great Again: A Complementary Approach

In its first hundred days, the second Trump administration has been anything but usual by presidential standards. From trade wars to an assault on the federal bureaucracy, Trump and his team have swiftly reshaped the landscape of government action. Amid the torrent of daily news, some critical policy discussions have been swiftly overlooked. One such…

Equity Markets React to Trump’s Tariff Announcements: The Data

Campaigning for a second term, President Donald Trump committed the United States to sweeping tariffs that have no precedent since the Second World War. Shortly after his inauguration, Trump issued multiple Executive Orders (EOs) and press releases both to enact and sometimes reverse tariffs. Anticipation, enactment and then pauses in the president’s tariff agenda all affected…

Free Speech Is Essential to Our Human Dignity

Proponents of laws banning so-called hate speech often couch their arguments in terms of dignity: that is, they claim that banning hate speech is essential for protecting the dignity of minorities from racial slurs and other denigration. As David Shih writes for NPR, hate speech is “nothing more than state-sanctioned injury of people of color.”…

Tariffs are Compromising Trump’s Economic Agenda 

President’s Trump Liberation Day announcement of higher tariffs was supposed to trigger massive reshoring and restructuring of the US economy towards its manufacturing industries.  Instead, it provoked a sharp drop in financial markets. Such a widespread drop typically signals the onset of recession, not the redistribution of labor and capital from sectors that are damaged…