Santa’s Unfair Trade Practices

On Christmas Eve, Santa will visit approximately 160 million children. Traveling at nearly 6,214 miles an hour, he will cover 19.3 million square miles. Along the way, he has to stop, drop off each of his 20 tons of presents,…

Why We Could Have Twist Tie Tariffs

Just like Alaskans have many words for snow, Bedford Industries has a lot of names for twist ties. There are spooled ties and poly twists, clip bands and double wire tin-ties. And that was only the beginning. I copied some…

Past Tariffs and Future Shortages

Medical product shortages were the unintended consequence of the tariffs that were supposed to diminish our trade with China.

Why Tariff Revenue Is Peanuts

A look at tariff revenue through the lens of a peanut farmer can reveal some unexpected facts about its size and who pays it.

The Package That Amazon Returned

Now that Amazon’s HQ2 will not be in Long Island City, New York, we can ask if the multi-billion dollar incentive package was worth the tradeoffs.

A Trade Story With a Happy Ending

Looking at airplane manufacturing through Bombardier’s new billion dollar order from Delta, we can see why a multinational supply chain can lower tariffs.

A Banana, a Billionaire, and a Tesla Tax Follow-Up

Our banana, $450 million painting, and Tesla tax stories were just so interesting that they deserved fascinating follow-ups.

Why China Wants To Be Called a Market Economy

A year ago, China filed a formal complaint with the World Trade Organization (WTO). Targeting the European Union and the United States, China’s goal was to have its economy called a market. The case is huge. Its results could transform…

Why Flood Insurance Creates Unintended Consequences

Flooding 34 times in 32 years, a $69,000 home in Mississippi received close to $663,000 in payouts. Similarly, for 16 floods in 18 years the owners of a Houston home valued at $115,000 got $800,000. The insurance industry calls them…

The Cost of Free Electricity

Government subsidies can have unintended consequences because of the incentive to use more of a good or a service than the market has allocated.