Trade wars and tariffs... imports and exports... NAFTA, WTO, TPP... There's no doubt the Donald Trump presidency has turned international trade on its head, but who are the real "winners" in a trade war? Are trade deficits and low tariffs a bad thing? And is a trade war victory worth the potential economic costs? This month, we're digging beneath the Trump-China headlines to take a closer look at what really happens when countries battle over free trade.
Cover | 1 |
Contents | 3 |
Inside This Issue By Steven Longenecker | 4 |
Letter From the Editor By P.J. O'Rourke | 6 |
Ricardo’s Law of Comparative Advantage By P.J. O'Rourke | 10 |
What Moved the Market | 12 |
What Could Possibly Go Wrong? | 14 |
From Our Inbox | 16 |
If You Hated Calculus In School By John Tamny | 21 |
Tariff Statistics By P.J. O'Rourke | 26 |
America Was Built on Tariffs By Buck Sexton | 28 |
Free Trade: A Basic Human Right By Ed Crane | 32 |
The Bet By P.J. O'Rourke | 36 |
The Case for Compensated Free Trade By Robert Skidelsky | 42 |
2019 Prep: Crypto Comeback? By Eric Wade | 47 |
Prospects for U.S.-China Relations in 2019 By Kevin Rudd | 55 |
What We Learned From 2018 By Bill Bonner | 61 |
The New Congress By Brooks D. Simpson | 67 |
Trade Routes: Roads to Hell? By P.J. O'Rourke | 71 |
Silent Inflation By Robert J. Shiller | 75 |
Reviews of Business Best-Sellers By The Book Grump | 79 |
Read This Compiled By Steven Longenecker and P.J. O'Rourke | 83 |
Featured Contributors | 85 |
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