Donald J. Boudreaux
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Financial
Trump’s Trade War Undermines the Dollar’s Global Reserve Status
Donald Trump is famously hostile to US trade deficits. He believes not only that these deficits harm the US economy,…
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Financial
Why Consumption—Not Production—Is the True Goal of Economic Activity
Just as an all-powerful monarch dictates what his subjects may and may not do — and just as no subject…
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Financial
Mayday! Mayday! We Have Abuse of Emergency Powers
Despite being a proud member of the University of Virginia School of Law Class of 1992, I’m an economist, not…
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Financial
Protectionist Angst Is ‘Made in America’ — So Are Lots of Other Things
Over the years, I — like all defenders of free trade — have had countless conversations with protectionists who are…
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Financial
Regime Uncertainty and Market Uncertainty
The Great Depression formally began in August 1929, two months before Black Tuesday. Initially, the economic downturn that began late…
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Financial
‘Twin Deficits’: A Tale of Fiscal Folly, Not Trade Failure
No notion in economics is responsible for more misunderstanding and misguided government policies than that of the “balance of trade”…
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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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