The European Union wisely chose near frictionless trade internally, the Single Market, but high barriers to global goods coming in, the Customs Union. Some argue that the United States grew its economy behind a similar barrier of tariffs in the 19th century. Indeed, most developed economies use tariffs and quotas to protect their domestic industries. […]
People never know they are experiencing a revolution until it is over. Revolutions are all ascribed to a date, 1789, 1917 etc, but most take longer. Revolutions are only selectively destructive and much survives. The one thing all revolutions destroy is trust. If the loss of trust is the first sign of a revolution we […]
It is odd how many people who rarely sell anything are so expert on trade policy. They lead you to think trade is created by regulations and not by a seller meeting a buyer’s need. Germany raised money to fund WW1 on the London market even after war had been declared in 1914. The market […]
Analyst not Advocate 