Tag: Trade

The Fading Promise of the Euro »

When the euro was created in 1999 the new currency promised to facilitate trade within the euro zone, to further unify Europe, and to challenge the dollar as the world’s reserve currency. The common currency does facilitate trade, but the differing goals of the member countries seem to be creating more divisiveness than unity...
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Solutions for Europe »

Some of you may recall that Lord Wolfson (of Next stores fame) launched a contest in Britain asking European economists to put forward proposals for an orderly exit of one or more members from the European Monetary Union—i.e. the euro. Now that the deadline for submissions is passed, some of the participants (620 teams...
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Obama’s Prosperity-Killing Protectionism »

I often disagree with Matthew Yglesias, but I found myself cheering when I read parts of his Slate column on President Obama’s State of the Union Speech. The president’s stated wish to protect domestic jobs by hindering trade is, Yglesias writes, “a strikingly retrograde, self-contradictory, and confused agenda of reviving American prosperity through mercantilism.”...
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Anti-Chinese Bipartisanship »

A troubling agreement among divergent ideological strains in America has emerged over the years: China’s growing wealth is a problem worthy of a political solution. It is a focus of anger and frustration that unifies much of the left—unionists, opponents of free trade and corporations, agitators for regulatory harmonization, consumer “advocates” demonizing the Yellow...
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Beyond Politics Exposes the Roots of Government Failure »

Economic “stimulus” packages that don’t revive the economy and that increase federal deficits and undermine private investment and job growth? Check. Laws meant to protect endangered species but which incentivize landowners who have them on their property to “shoot, shovel, and shut-up”? Check. Anti-poverty programs that foster dependency and hinder participation in the job...
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Essential Fall Reading from The Independent Review »

The Fall 2011 issue of The Independent Review is hot off the press! We have posted selected articles and all book reviews online, as indicated below. This issue addresses a host of fascinating questions on topics as diverse as intellectual history, economic development, political theory, and government policy: Why do progressives and social democrats...
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Politicians and Economists »

From a review of Doug Irwin’s important new book Peddling Protectionism: Smoot-Hawley and the Great Depression (Princeton University Press, 2011): Hoover had famously received a petition signed by 1,028 economists urging him to veto the bill. Then as now, economists were held in warm regard by Congress; Senator Samuel Shortridge remarked: “I am not...
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Facebook Gets Multicultural About China and Censorship »

In a recent article, the Wall Street Journal quotes Mark Zuckerberg, the kid from Harvard who heads the CEO of a company-not-yet-public. (Goldman-Sachs VIP insiders only, please). What disturbed me about the article is not that another company is breaking into the so-called China market after the Google row over censorship. I’m more disturbed...
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Robert Higgs Speaks on the U.S. Government’s Ethanol Scam »

Here is Independent Institute Senior Fellow Robert Higgs speaking on “Ethanol Subsidies Have Many Bad Consequences,” from the Mises Circle seminar, “Agricultural Subsidies: Down on the D.C. Farm,” held May 14th in Indianapolis. Download audio file (27:51 minutes) Please also see the following books: Plowshares & Pork Barrels: The Political Economy of Agriculture, by...
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Students: Enroll in an Independent Institute Summer Seminar! »

This summer, the Independent Institute is excited to host “The Challenge of Liberty”, two student seminar programs, one geared toward college students and the other for high school students. The high school session runs from June 20 to 24 at our offices in Oakland and the college program will be held at a Bay...
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