Joe Biden Wants to Be One of the Most Progressive Presidents Since FDR.
Here’s What That Means for Trade.

Vice President Biden announced his intention to be one of the most progressive Presidents since FDR. What was FDR’s approach in the aftermath of the Depression? As the eponymous Roosevelt Institute has explained, “to restore the nation’s economic health FDR understood that he must do two things. First, re-establish the bond between the American people…

Forced Labor, Tariffs, and Buybacks

We remember the Tariff Act of 1930 because it included the infamous Smoot-Hawley tariffs. But we should remember it for something much more important: it prohibited imports made with forced labor.  Back in the day, slave labor was seen principally as unfair competition, rather than as a matter of human rights. So the law included a “consumptive…

Vox Populi, Vox Dei

If you are struggling to understand the rise of economic populism in the United States, and the resulting chasm between populists and elites, then Matt Stoller’s new book Goliath will enlighten you. Goliath is focused on antitrust, but it tells a much broader story of the way the intelligentsia has been led, through a combination…