Tariff Rebate Checks Are a Bad, Inflationary Idea
If Sen. Josh Hawley and the Trump administration want to spare Americans the pain from tariffs, there is a far simpler solution.
If Sen. Josh Hawley and the Trump administration want to spare Americans the pain from tariffs, there is a far simpler solution.
It's a drop in the bucket compared to the national debt, but any wasteful government spending should be eliminated.
Tariffs on auto parts, meant to "protect America’s automobile industry," make repairs more expensive and drive up the cost of insurance.
When the line between public and private is erased, politics is all about special favors. That's gross.
The Fed should be replaced by free markets, not unbridled presidential power.
Trump’s Japan and E.U. deals offer vague promises and lack the depth and enforceability of the TPP he scrapped.
Companies chose to exit the market rather than deal with the excessive regulations baked into the industry.
The Bureau of Labor Statistics, the CBO, and the Fed are far from perfect. But the U.S. needs a statistical system that is modern, agile, and protected from political interference.
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Socialism doesn't bring a dignified life. On the contrary, it's wrecked lives wherever it's been tried.
The president is claiming "unbounded authority" to impose import taxes based on a law that does not mention them.
That should put an end to the Trump administration's silly talking point about how there is no tariff for products built in the U.S.
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Some young adults blame "capitalism" for just about everything. But it's only a convenient scapegoat.
President Trump’s invocation of emergency powers to impose tariffs faces skeptical judges.
And generations of allegedly anti-corruption Republicans just don't care.
Canada accounts for a tiny percentage of fentanyl smuggling, which cannot be stopped by trying harder.
Federal overspending is squeezing states and cities, forcing them to raise taxes, slash services, or pile on more debt.
If so, then why postpone any enforcement until October?
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American chocolatiers need imports, and tariffs help no one.
Outcomes are hard to predict. But the judges seemed skeptical of the administration's claim that the president has virtually unlimited power to impose tariffs.
It makes the case for strong judicial review of executive invocations of sweeping emergency powers.
It's time to ask what level of spending Americans truly want with the money we actually have.
Maintaining the elevated federal funds rate makes borrowing more expensive, but the alternative is artificially cheap money, malinvestment, and inflation.
To win in court, the Trump administration will have to argue against a pair of legal theories that conservatives have spent years developing as a way to check executive power.
Unionized drivers and politicians say regulation is needed to stop autonomous vehicles from replacing jobs.
And if Trump moves ahead with his threatened August 1 tariff hikes, prices will climb even more.
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Two Venezuelan women were convicted of incitement to hatred, treason, and terrorism.
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In each case, tariffs remain much higher than they were before the deals.
How a fringe marketing idea became the backbone of airline profits—and a gateway to global luxury travel
The 10 percent baseline reciprocal tariff rate was bad for America; the 15 percent rate is even worse.
Chairman Brendan Carr thinks his agency should strive to ensure that news coverage is fair and balanced—a role precluded by the First Amendment.
Trump believes he can deploy tariffs without tradeoffs or distortions. In reality, each new tariff move creates both.
The American AI industry doesn't need industrial policy, just freedom.
The executive branch wants to use the Federal Reserve as a tool to accommodate the government's frenzy of reckless borrowing.
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I participated along with Andrew Morris of the New Civil Liberties Alliance.
A growing number of conservatives agree with the left that free markets are to blame for society's ills.
Not only does it raise taxes on American consumers, but it leaves American automakers at a distinct disadvantage relative to their Japanese competitors.
The case raises many of the same issues as our case against Trump's "Liberation Day" tariffs.
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Nobody complained about the company, so federal bureaucrats launched their own crusade.
What is the relationship between Trump's tariffs and the rest of the economy?
New from Reason: a look into what Javier Milei has accomplished and what it will take to make the most of Argentina’s window for real change. Out now for subscribers.