The Passover and Easter season hold out hope for peace on earth. “Today we implore fruits of peace,” Pope Francis said to the crowd assembled in St. Peters’ Square for the pontiff’s traditional Urbi et Orbi (“To the City and World”) Easter address. Unfortunately an older Roman adage will need to be the guide in […]
Basic economics says the Trump tariffs won’t affect the US trade balance in the least
The Trump Administration brought a bit more clarity to the Section 232 “national security” tariffs being imposed on steel (25%) and aluminum (10%). Korea and the US have meanwhile settled their differences, and the US and China are in negotiations. But there’s still lack of clarity as to how countries will be exempted from US […]
The revolution in climate science you probably haven’t heard of
In 1801, British astronomer William Herschel noticed that wheat was scarce and prices were high when sunspots were minimal, and conversely wheat was abundant and prices low when sunspots were plentiful. Similar observations to Herschel’s were made in 1871 by British economist William Stanley Jevons — and many others in the preceding and ensuing years. Herschel, […]
Does Trump wish to destroy the WTO? Will he heed Kudlow or Navarro?
Correspondent L.C.’s weekly trade report which follows is likely the most comprehensive such report available on the internet without charge to readers. Beyond the tariffs President Trump is imposing on steel and aluminum and intends to impose on Chinese exports, the US press reports that he is serious about wanting to rearrange US trade relationships so […]
Europe’s troubles, Putin’s hope, a justifiable Trump tariff intervention
We’ve been hard on the Trump administration’s steel and aluminum tariffs, which were supposed to hit the primary troublemaker, China, but instead are threatening US allies. But one move by the administration is justifiable and consistent with the administration’s otherwise shaky claim that the steel and aluminum tariffs are defense related. In the face of […]
