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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: Labadal ✭  😊 😞
Number: of 84350 
Subject: Trump's Trade Policies Promote Smuggling
Date: 08/17/26 1:11 AM
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No. of Recommendations: 9
Interesting article by the author of a good book called "Material World" (about basic materials—sand, salt, iron, copper, oil, and lithium) and an upcoming book called "Trade World" (about trade).

Excerpt:
Look back through history and you see that whenever trade barriers or customs charges rose, it sparked a sharp and proportionate rise in smuggling. For many periods of history, there was almost certainly more illicit trade than legal trade. Or, to put it another way, one of the unsung benefits of a world of lower trade barriers was that - for all the flaws of the global economic system in recent decades - it was also a world with far less smuggling and criminality around trade. Now, in a world with more trade barriers, we are beginning to see the consequences: more stuff being quietly smuggled around, more stuff being mislabeled, more stuff being falsely declared to customs authorities. And those agencies seem about as powerless to deal with it as their predecessors decades ago (arguably even more powerless, since they are mostly set up for a world of free trade).

edconway.substack.com - The radio the submarine and the tariffs
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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