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Whatever may have caused the Great Depression, protectionism and trade barriers helped to ensure that it lasted as long as it did.
It is an open question whether the history books will call this "the Panic of 2008."
President Obama's decision to slap tariffs on low-end Chinese tires will hurt our relations abroad without helping American workers or customers.
Constraints on trade threaten to poison our relations with key allies and plunge the world into another depression.
Protectionism is just as harmful as it ever was--it has just become more difficult to recognize.
China's currency is still egregiously undervalued, and neither the IMF nor the U.S. treasury secretary seems to want to do anything about it.
We can criticize the New Deal for its statist tendencies without losing our moral legitimacy.
