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Quotation of the Day…

<p>Tweet&#8230; is from page 42 of James Ingram’s 1966 book, International Economic Problems [original emphasis]: Higher tariffs will tend to increase employment in import-competing industries, although this gain will be offset when exports fall &#8211; as they must, either because foreigners retaliate by raising their tariffs or simply because their ability to buy our goods [&#8230;]</p> <p>The post <a href="https://cafehayek.com/2026/08/quotation-of-the-day-5477.html">Quotation of the Day&#8230;</a> appeared first on <a href="https://cafehayek.com">Cafe Hayek</a>.</p>

2026/8/23
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Some Links

<p>TweetThe Editorial Board of the Wall Street Journal draws important lessons from Trump&#8217;s tariff &#8216;policy.&#8217; A slice: One of the (many) problems with tariffs is that they lead to countless and arbitrary exceptions for political purposes. President Trump’s latest came Friday as he announced plans to lift tariffs on beef imports for 90 days. You [&#8230;]</p> <p>The post <a href="https://cafehayek.com/2026/08/some-links-3159.html">Some Links</a> appeared first on <a href="https://cafehayek.com">Cafe Hayek</a>.</p>

2026/8/22
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U.S. Tariffs are Paid Overwhelmingly by Americans

<p>TweetHere’s a letter to the Wall Street Journal. Editor: Your lead on-line headline this morning reads “U.S. Imposes 50% Tariffs on Some Canadian Goods After Last-Ditch Talks Fail” (August 22). This wording is inaccurate and misleading. Your headline should instead read “U.S. Imposes 50% Tariffs on Americans’ Purchases of Some Canadian Goods After Last-Ditch Talks [&#8230;]</p> <p>The post <a href="https://cafehayek.com/2026/08/u-s-tariffs-are-paid-overwhelmingly-by-americans.html">U.S. Tariffs are Paid Overwhelmingly by Americans</a> appeared first on <a href="https://cafehayek.com">Cafe Hayek</a>.</p>

2026/8/22
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Quotation of the Day&#8230;

<p>Tweet&#8230; is from page 414 of the 5th edition (2015) of Thomas Sowell’s Basic Economics [original emphasis]: Government is of course inseparable from politics, especially in a democratic country, so a distinction must be made and constantly kept in mind between what a government can do to make things better than they would be in [&#8230;]</p> <p>The post <a href="https://cafehayek.com/2026/08/quotation-of-the-day-5475.html">Quotation of the Day&#8230;</a> appeared first on <a href="https://cafehayek.com">Cafe Hayek</a>.</p>

2026/8/22
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Rump? Libertarian?

<p>TweetHere’s a letter to Semafor. (I add that I nevertheless doubt that Trump understands what he&#8217;s saying.) Editor: Quoted in “Vance takes his first economic punch in the 2028 primary” (August 21), American Compass’s Oren Cass describes people who don’t share J.D. Vance’s wish that the U.S. dollar lose its role as global reserve currency [&#8230;]</p> <p>The post <a href="https://cafehayek.com/2026/08/rump-libertarian.html">Rump? Libertarian?</a> appeared first on <a href="https://cafehayek.com">Cafe Hayek</a>.</p>

2026/8/22
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