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Oren Cass Should Get Real About the Theory and Facts of Trade

<p>TweetHere’s a letter to a new correspondent. Mr. Barnett: Thanks for sharing Oren Cass’s September 4th post in which he argues that Trump’s tariffs are successful. Here are two reactions – one general, the other detailed. First, no informed free-trader denies the possibility that protectionism can raise domestic manufacturing output, employment, and wages. Therefore, positive [&#8230;]</p> <p>The post <a href="https://cafehayek.com/2026/09/does-oren-casss-latest-attempt-to-justify-trumps-protectionism-work.html">Oren Cass Should Get Real About the Theory and Facts of Trade</a> appeared first on <a href="https://cafehayek.com">Cafe Hayek</a>.</p>

2026/9/9
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Some Links

<p>TweetNational Review&#8216;s John Puri decries J.D. Vance&#8217;s latest collectivist policy proposal: Government subsidies for stay-at-home parents. Two slices: Meanwhile, the administration’s proposal would expand eligibility for the subsidy to millions of married mothers who already choose to stay home. Those families would get the same kind of deadweight spending that went to the 75 percent [&#8230;]</p> <p>The post <a href="https://cafehayek.com/2026/09/some-links-3174.html">Some Links</a> appeared first on <a href="https://cafehayek.com">Cafe Hayek</a>.</p>

2026/9/9
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Quotation of the Day&#8230;

<p>Tweet&#8230; is from page iv of the late Nobel-laureate Gary Becker&#8217;s Foreword to the 1990 second edition of David Friedman’s superb textbook, Price Theory: An Intermediate Text: [C]onsider tariffs, quotas, and other protection against imports. Almost 200 years ago, Alexander Hamilton argued that &#8220;infant&#8221; industries in the United States should be protected by tariffs so [&#8230;]</p> <p>The post <a href="https://cafehayek.com/2026/09/quotation-of-the-day-5495.html">Quotation of the Day&#8230;</a> appeared first on <a href="https://cafehayek.com">Cafe Hayek</a>.</p>

2026/9/9
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The Practice of Government Is the Opposite of the Theory of Government

<p>TweetEconomics textbooks teach that a core function of government is to &#8220;internalize externalities.&#8221; Observation teaches that a core function of government is to externalize internalties &#8211; as I explain in my latest column for AIER. A slice: The most obvious example is taxation for purposes of income redistribution. Whatever the merits or demerits of a [&#8230;]</p> <p>The post <a href="https://cafehayek.com/2026/09/the-practice-of-government-is-the-opposite-of-the-theory-of-government.html">The Practice of Government Is the Opposite of the Theory of Government</a> appeared first on <a href="https://cafehayek.com">Cafe Hayek</a>.</p>

2026/9/8
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Some Links

<p>TweetMark Penn and Andrew Stein report that most young people who express support for socialism &#8211; surprise! &#8211; have no idea what actual socialism means. A slice: Say socialism and college-educated young people start to dance and cheer. But when you ask them about the specifics of what it would mean, they quickly sour on [&#8230;]</p> <p>The post <a href="https://cafehayek.com/2026/09/some-links-3173.html">Some Links</a> appeared first on <a href="https://cafehayek.com">Cafe Hayek</a>.</p>

2026/9/8
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