I & I Editorial BoardSome headlines that caught our eye.
Trade Protection and Tariffs from Reagan to Trump — Steven Hayward, Civitas Institute
The Foundation That’s Bankrolling Radical Activists in Higher Ed — City Journal
Economics According to St. Matthew — Acton Institute
California Water Works — Pacific Research Institute
No President Can Overcome a Weak Dollar, Trump Included — John Tamny, RealClearMarkets
Climate Craziness Would Eliminate Air Travel – Except for the ‘Privileged’ — Committee to Unleash Prosperity
BP, Shell, and Exxon Signal One Thing: Oil Isn’t Going Anywhere — Oilprice.com
Ancient European floods were much worse than anything in the last century — JoNova
Trump’s deregulation push: Several steps forward — and some sideways — Competitive Enterprise Institute
Remember the Price of Eggs? — Power Line
Ivy’s chain gang: Columbia University students chain themselves to gate in protest of Mahmoud Khalil’s detention by ICE — New York Post
Democrats, Nonprofits Suing Trump Over Voter ID Executive Order — Legal Insurrection
Leftist attacks against Elon Musk’s car brand are massive and widespread — Blaze Media
The NGO Complex Is Irredeemably Corrupt — HotAir
Germany Deploys Troops on Russia’s Doorstep for First Time Since World War II — MSN
Best Of I&I
Trump Starts Undoing JFK’s Worst Mistake
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If Trump’s Tariffs Work, It Will Be Epic
Trump may turn out to be the most anti-tariff president the U. S ever had.
His apparent search for nation-state reciprocity on tariffs, if successful, will nullify their effect on both the setter and the payer of tariffs, just as in a country where every inhabitant has a million dollars, there are no millionaires. Tariffs are, as is wealth, defined comparatively, one level against the other.
However, even if parity on tariff levels were ever to be achieved, there is no way that payers of tariffs, per se, will be compensated by getting a just share of the revenue the government realizes from tariff receipts.
Ergo, the better way of allowing competition to continue to play the role it has been playing in the economic growth and prosperity of nation-states is to do away with tariffs. And resisting the temptation to use the coercive power of government to interfere in the business of business.