Donald J. Boudreaux
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Financial
Are Americans Worse Off Since NAFTA? The Data Say No
What do the following three dates have in common with each other? 1975. January 1, 1994. December 11, 2001. Think…
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Financial
America’s Trade ‘Deficit’ Is a Ringing Endorsement
As noted in my previous column, foreign holdings of US dollars are classified as foreign holdings of US assets and,…
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Financial
Rethinking Trade Deficits: Foreign Dollar Holdings Are Really US Exports
Donald Trump believes that US trade deficits are evidence that Americans are being “ripped off” by foreign countries. He’s not…
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Financial
What, Exactly, Are Negative Externalities?
Economics textbooks feature a coherent theory of how markets can allocate scarce resources in ways that achieve what is plausibly…
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Financial
Dynamia, Not Stagnatia
Consider the fictional little country of Dynamia. Although, strictly speaking, this place is a product of my imagination, my imagination…
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Financial
The Problem With Retaliatory Protectionism
A familiar excuse for protective tariffs and other trade restrictions goes like this: It would be all well and good…
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Financial
Protectionism and the Fallacy of Composition
Early on in my introductory economics course I warn my students always to beware of various logical fallacies, none of…
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Financial
‘You Can Trust Me’: Catfishers, Nigerian Princes, and Political Hucksters
"Individuals who we don’t know and who don’t know us seek to gain our trust so that they can then…
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Financial
Organ Shortage: Two Ways to Boost Supply
"Every now and then we encounter a problem that does have a solution. The kidney shortage is one of these…
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Financial
Ten Lessons of the Economic Way of Thinking
"Inflation does not rise because of a surge in greed. And it does not fall because greed recedes." ~Donald J.…
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