Donald Boudreaux

Jan 22, 2025 | mercatus.org | Deirdre N. McCloskey |Donald Boudreaux

Deirdre N. McCloskey is a Distinguished Affiliated Fellow with the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics. From 2000-2015, McCloskey was the UIC Distinguished Professor of Economics, History, English, and Communication at the University of Illinois at Chicago and was Visiting Tinbergen Professor (2002-2006) of Philosophy, Economics, and Art and Cultural Studies at Erasmus University of Rotterdam.

Jan 6, 2025 | thedailyeconomy.org | Donald Boudreaux

A familiar excuse for protective tariffs and other trade restrictions goes like this: It would be all well and good for our government to follow a policy of free trade if other governments did the same. But other governments don’t do the same. Other governments use tariffs and subsidies to give producers in their countries unfair advantages over producers in our country.

Nov 21, 2024 | cafehayek.com | Phil Gramm |Donald Boudreaux |Don Boudreaux

Now that more than a month has passed since the October 16th publication in the Wall Street Journal of Phil Gramm’s and my piece on 19th-century U.S. tariffs and economic growth, I can share the piece in full here. It is available, free of charge, beneath the fold. No, Tariffs Don’t Fuel GrowthRates were high in the 19th century, but the economy boomed most when the rates were at their lowest. By Phil Gramm and Donald J. BoudreauxOct.

Nov 14, 2024 | aei.org | Phil Gramm |Donald Boudreaux

Donald Trump hopes to supercharge economic growth, restore manufacturing employment, and raise wages by imposing across-the-board tariffs of at least 10%, with even higher duties on Chinese goods. Yet any understanding of international trade, and of Mr. Trump’s first term, provides strong evidence that such measures wouldn’t achieve the president-elect’s objectives.

Nov 13, 2024 | wsj.com | Phil Gramm |Donald Boudreaux

Mr. Trump’s pro-growth tax and regulatory policy attracted a surge of foreign investment, including from American companies operating abroad. Such investment required dollars, and the currency’s value soared. That made U.S. exports more expensive, imports cheaper and the trade deficit larger. The last was 24% larger when Mr. Trump left office than when he entered.