A tariff is a tax on imports that is used to satisfy a policy goal. Before the federal income tax became law in 1913, the US federal government was funded almost entirely by tariffs and [more…]
As the Brexit debate drags on, there seems to be much confusion about tariffs. Neither politicians nor MSM journalists seem to understand the basic concepts. This is natural as politicians, bureaucrats & journalists made a [more…]
1 – Reminder: People (Not Nations) Trade Sir James Dyson has recently entered a plea for the UK to focus on the world’s fastest-growing markets, noting that the UK doesn’t need to be a member [more…]
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