Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Free Trade

Migrants Don’t Destroy Traditional Values–The Market Does

The other day I ran across a survey–apparently 40% of British people feel that “having a wide variety of backgrounds has undermined British culture”. When people say that western culture has been undermined, they are implicitly saying that at one point in time western culture was better. Many socialists, liberals, and progressives don’t agree with that–they think traditional values are wrong and moving past them is good. But today, instead of relitigating social issue debates about changing values, I want to make a case to our socially conservative friends on their own terms. To be clear, this doesn’t mean I agree with traditional values. I merely want to show that the values social conservatives treasure are not threatened by migrants–they are instead threatened by the very markets many on the right so deeply prize.

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How Trump’s Tariff Game Might Play Out

President Trump has already proposed $50 billion in tariffs on China and now wants to seek an additional $100 billion. I’ve noticed that people don’t seem to have much of a sense of scale with tariffs. It’s understandable–tariffs haven’t been a central issue in American politics for a while. We’ve forgotten how to talk about tariff policy and now we’re being made to re-learn. So, without further ado, let’s talk tariffs.

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Bernie Sanders: What the Economists are Fighting About

Economists have gotten into a big fight with each other about the potential economic impacts of Bernie Sanders’ proposals. First Gerald Friedman came out with a new paper anticipating a tremendous improvement in economic performance under Sanders. Then four economists (Krueger, Goolsbee, Romer, and Tyson) affiliated with the Obama and Clinton administrations wrote a joint letter asserting that Friedman’s claims “cannot be supported by the economic evidence”. Paul Krugman subsequently took their side on his popular blog. Others have defended Friedman–Jamie Galbraith accuses the four of not having rigorously reviewed the paper, while Dean Baker claims that the New York Times is not giving Sanders’ side a platform and that there’s far more support among economists than we are being led to believe. In the popular press, this argument has rapidly devolved into a question of which authorities are more or less credible. I want to give you something better–a readable analysis of the actual arguments at stake here.

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Who is Right about Free Trade? Barack Obama vs. Bernie Sanders and Elizabeth Warren

In recent weeks, the Trans-Pacific Partnership (TPP) is back in the news. TPP aims to lower barriers to trade among the United States and a variety of other nations including rich countries like Japan, Canada, and Australia and developing countries like Chile, Peru, Vietnam, and Malaysia. US Senator Elizabeth Warren (D-MA) has come out strongly against TPP, as has senator and presidential candidate Bernie Sanders (D-VT). President Barack Obama continues to support TPP–he recently succeeded in having the agreement fast-tracked by the senate and will likely replicate that success in the house. Once TPP is fast-tracked, congress cannot debate the treaty’s contents or make amendments to it. Is TPP good for the United States? Who is right?

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