Free trade

Tariffs, after all, are paid by Americans

Tariffs, after all, are paid by Americans

Action taken in April by President Donald J. Trump confirms: The tariffs he imposed on China are paid by Americans. In April, President Donald J. Trump issued an executive order titled "Executive Order on National Emergency Authority to Temporarily Extend Deadlines for Certain Estimated Payments." It is also known as Executive Order 13916. The order is opaque: "(b) The Secretary shall consider taking appropriate action under section 1318(a) of title 19, United States Code, to temporarily extend deadlines, for importers suffering significant financial hardship because of COVID-19, for the estimated payments described therein, other than those assessed pursuant to sections…
Read More
WichitaLiberty.TV: Congressman Ron Estes

WichitaLiberty.TV: Congressman Ron Estes

In this episode of WichitaLiberty.TV: United States Representative Ron Estes discusses trade, FAA reauthorization and his amendment, entitlement reform, and spending. View below, or click here to view at YouTube. Episode 195, broadcast May 5, 2018. Shownotes Representative Ron Estes Congressional Website Website: Ron Estes for Congress Washington Examiner: Rep. Ron Estes: Why some Democrats are rooting for the Chinese on trade H.R. 5489: Hope Act
Read More
Kansas benefits from foreign trade

Kansas benefits from foreign trade

The Kansas economy benefits greatly from foreign trade, and we should oppose restrictions on trade. Bryan Riley of Heritage Foundation has contributed an extensive analysis of the benefits foreign trade brings to Kansas. Riley is Jay Van Andel Senior Policy Analyst in Trade Policy at Center for Trade and Economics (CTE). Riley notes three ways that foreign trade benefits Kansas: Imports provide competitive products for Kansas consumers and manufacturers. Exports benefit Kansas farmers and aerospace workers. Foreign investment supports thousands of Kansas jobs. He recommends: "The state’s congressional delegation can best advance the interests of Kansans by opposing protectionist policies…
Read More
Free trade is important, but may be in peril

Free trade is important, but may be in peril

Robert E. Litan, a lawyer and economist and adjunct senior fellow at the Council on Foreign Relations spoke on “The Future of Trade Policy” before a luncheon at the Wichita Pachyderm Club August 5, 2016. Litan explained the importance of free trade and examined the trade policies of presidential candidates. View below, or click here to view at YouTube.
Read More
WichitaLiberty.TV: Heritage Foundation’s Bryan Riley on free trade

WichitaLiberty.TV: Heritage Foundation’s Bryan Riley on free trade

In this episode of WichitaLiberty.TV: Foreign trade is an important issue in this year’s presidential campaign. Heritage Foundation economist and Senior Policy Analyst Bryan Riley explains concepts that voters can use in making an informed decision. View below, or click here to view at YouTube. Episode 111, broadcast February 28, 2016. Shownotes Heritage Foundation website Heritage Foundation on Facebook Heritage Foundation on Twitter: @heritage Bryan Riley at Heritage Heritage Center for Trade and Economics (CTE) 2016 Index of Economic Freedom: Yet More Evidence of Free Trade’s Benefits Freedom to Trade: A Guide for Policymakers
Read More

The candlemakers’ petition

The arguments presented in the following essay by Frederic Bastiat, written in 1845, are still in use in city halls, county courthouses, school district boardrooms, state capitals, and probably most prominently and with the greatest harm, Washington. A PETITION From the Manufacturers of Candles, Tapers, Lanterns, Sticks, Street Lamps, Snuffers, and Extinguishers, and from Producers of Tallow, Oil, Resin, Alcohol, and Generally of Everything Connected with Lighting. To the Honourable Members of the Chamber of Deputies. Open letter to the French Parliament, originally published in 1845 Gentlemen: You are on the right track. You reject abstract theories and have little…
Read More

The candlemakers’ petition

The arguments presented in the following essay by Frederic Bastiat, written in 1845, are still in use in city halls, county courthouses, school district boardrooms, state capitals, and probably most prominently and with the greatest harm, Washington. A PETITION From the Manufacturers of Candles, Tapers, Lanterns, Sticks, Street Lamps, Snuffers, and Extinguishers, and from Producers of Tallow, Oil, Resin, Alcohol, and Generally of Everything Connected with Lighting. To the Honourable Members of the Chamber of Deputies. Open letter to the French Parliament, originally published in 1845 Gentlemen: You are on the right track. You reject abstract theories and have little…
Read More

Cost of an Obama tire job: $900,000

It's entirely predictable that trade sanctions are costly to the country that imposes them. Yet politicians can be persuaded to support them in the name of saving American jobs and getting "tough" with countries perceived to be a problem. We see this in the case of President Barack Obama and the tariffs, or taxes, on tires imported from China. Here's what The Peterson Institute for International Economics said in its report US Tire Tariffs: Saving Few Jobs at High Cost: However, our analysis shows that, even on very generous assumptions about the effectiveness of the tariffs, the initiative saved a…
Read More

In Kansas, no E-verify, please

The hope that if we can somehow stop illegal immigrants from obtaining jobs, then unemployed Americans can go back to work, is a false hope. For that and other reasons, I can't join with Kansas conservatives who support E-verify and other harsh anti-immigrant measures. The economic reality is that immigrants -- legal and not -- contribute to our nation's economy. Those who believe that illegal immigrants "steal" jobs from Americans treat immigrant labor as equal to native-born workers. But that's not the case: In many situations, if immigrant labor is not available, the jobs simply won't be done. As an…
Read More

Kansas and Wichita quick takes: Monday December 12, 2011

Kansas budget. The Kansas Policy Institute has produced a study looking at the future of the Kansas state budget. A press release states: "It's no secret that KPERS and Medicaid costs have been growing, but many Kansans may be shocked to learn that those two items could soon consume nearly half of all Kansas State General Fund (SGF) revenue. In 1998, Medicaid and employee pension costs consumed 5.9% of SGF revenue and are budgeted at 24.2% of 2012 revenue. But, even if SGF revenue grows at a slightly-above-average annual rate of 3.5%, KPERS and Medicaid will account for somewhere between…
Read More

Kansas and Wichita quick takes: Monday October 17, 2011

Government job creation. Reason editor Matt Welch introduces the magazine's November issue, which contains articles on free-market job creation. After citing the litany of failures, he concludes: "Such persistence in the face of repeated failure suggests that some powerful myths continue to hold sway among politicians and many of the people they represent. Among the most stubborn of these is the notion that passing a bill to fix a problem is the same as actually fixing the problem. This assumption -- which reaches its illogical conclusion during times of national panic, when do-something busybodies like Michael Bloomberg will say that…
Read More

Kansas and Wichita quick takes: Thursday April 14, 2011

Kansas State Board of Education vs. Walt Chappell. There is another development in the tenure of Walt Chappell, Kansas State Board of Education member. Chappell holds some opinions that differ from the rest of the board, or at least the majority of the board, and they don't like Chappell expressing his opinions in newspaper columns, etc. The board would rather have a unified front, even if the position taken is incorrect. Of particular, the issue of the unspent Kansas school fund balances has been prominent. Kansas Watchdog reports on a recent meeting of the board where the issue of Chappell…
Read More

Kansas and Wichita quick takes: Sunday October 24, 2010

Surprise endorsement from Wichita Eagle. Today the Wichita Eagle endorsed Republican Mike Pompeo over Democrat Raj Goyle in the race for the Kansas fourth Congressional district. Surprising. Still, the Eagle editorial board can't help reveal its preference for big, expansive government by taking a few digs at Pompeo, describing his free-market, limited government views as "overly idealistic at times." Continuing, the Eagle wrote "For example, he believes that there wouldn't be a need for farm subsidies or economic development incentives if there were lower tax rates and a friendlier and more stable regulatory environment. That's not the real world." The…
Read More

Raj Goyle fundraising plea: wrong facts

Recently candidate for U.S. Congress from the fourth district of Kansas Raj Goyle sent out a fundraising email that distorts facts in order to stir up protectionist fears about the world economy. The email pokes fun at Republican rival Mike Pompeo using so-called facts that were shown to be false and misleading during the primary election campaign. The Goyle email mentions Kansans who "lost our job to Mike Pompeo's factory in Mexico." Goyle and his campaign believe that Kansas jobs were shipped to Mexico at Pompeo's direction. What was found to be true is this: A company that Pompeo once…
Read More

Importance of economic freedom explained in Wichita

Yesterday Robert Lawson appeared in Wichita to deliver a lecture titled "Economic Freedom and the Wealth and Health of Nations." The lecture explained how Lawson and his colleagues calculate the annual "Economic Freedom of the World" index, which ranks most of the countries of the world in how the "policies and institutions of countries are supportive of economic freedom." The conclusion is that economic freedom is a vital component of well-being, income, health, and both personal and political freedom. Robert Lawson The Economic Freedom of the World annual report is available in its entirety at FreeTheWorld.com. Lawson started his lecture…
Read More

Obama’s tax increase on tires

There's a reason why some news is released on Friday night. Those making the news hope it won't be noticed. That's probably why the Obama Administration waited until then to inform the country that it was imposing a tariff on tires imported from China. This tariff will probably protect some American jobs, but it will increase the cost of tires. Lew Rockwell, in a post on his blog on the Obama tire tariff, is as plain as can be: "To stem the alarming availability of inexpensive tires to American consumers in a depression, and to reward overpaid, underworked unions and…
Read More