balance of trade

Trump Administration Flunks Trade Economics 101

by Sheldon Richman | Jan 15, 2020 | Blog

International trade is one of the many areas in which the Trump administration has been egregiously bad. Trump himself seems to lack even the most basic knowledge about the principle of trade -- he seems to think it is always zero-sum with a loser for every winner --...

TGIF: The Dangerous Deficit in Trade Understanding

by Sheldon Richman | Apr 13, 2018 | Economics, Featured Articles, Libertarianism, Sheldon Richman, TGIF

I was chatting with my tobacconist the other day -- I have no rabbi, no priest, no minister, no imam, no chiropractor, and no lawyer, but I do have a tobacconist -- when it struck me that my trade deficit with him is astronomical. How could I have let this happen? For...

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Chinese Chess Moves: A Tectonic Shift in Exquisite Platforms

If the Saab 37 Viggen and the F16 had a love child, it is the Chinese J-10C. The realignment begins, you are witnessing a tectonic shift away from US influence in all the conflict hot-spots on Earth. Meanwhile, the J-10C is equipped to fight against modern threats in...

All Flesh is Forfeit

Be afraid. Be very afraid. Aerial robotics dominate the battlefield. For the remainder of this century, ALL flesh is forfeit in the combat theater. The Kursk Thunder Run

Why Economic Growth Comes from Saving, Not Spending

Keith Knight and I debunk Paul Krugman’s argument that government spending is the cure for economic slumps.

Overlord: Thomas Eddlem Unmasks The Empire

Thousands of scholars have taken on the central geopolitical question: Is the United States of America an empire? It’s a fierce debate that has unfolded over decades, places the moral status of our society at stake, and has four prevalent positions: 1. Libertarian...

Abolish Draft Registration, Mr. Trump

During Friday's famous White House meeting, VP Vance criticized Ukrainian President Zelensky for his government's abduction of men from the streets to fight against Russia. Good for Vance. Conscription is one of the worst things a government can do, especially during...

The Crappiest Ship That Couldn’t

The Navy continues to fail with the Little Crappy Ship. Some of these non-functional Navy floating welfare programs posing as ships are being retired five years into the alleged 35 year cruise life. As I have mentioned before, between the LCS and the Zumwalt and the...

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The National Debt and You: What it Is, How it Works, and Why it Matters

by Joseph Solis-Mullen

Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine

by Scott Horton

Over and over, U.S. government officials and their mainstream media allies called Russia’s 2022 invasion of Ukraine an “unprovoked attack.” The slogan became so overused that people began to ask the obvious question: Why do they protest so much? In Provoked: How...

Israel Winner of the 2003 Iraq Oil War

by Gary Vogler