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Veronique de Rugy

The global trade war comes full circle
07/12/2019 - 10:02am
Veronique de Rugy
TRADE: July 11, 2019 It has always puzzled me that anyone would believe that protecting the U.S. market with tariffs is a good idea. Yes, U.S. consumers might increase their demand for domestic goods because duties on imported foreign goods make them relatively more expensive. But these duties also create massive market distortions and malinvestments, which often backfire against the very...
How not to score a goal in the global trade war
Veronique de Rugy 07/04/2019 - 5:40pm
TRADE: July 4, 2019 President Donald Trump likes to keep score. Well, here’s a score for him: America, zero; while the rest of the world keeps tallying up free trade points. That’s right; while American consumers have been waiting for well over a year to see some resolution to the various trade disputes started by Trump, other...
Markets, not politicians, control the law of supply and demand
Veronique de Rugy 06/27/2019 - 4:14pm
PRESCRIPTION DRUGS: June 27, 2019 When I was pregnant with my first child 16 years ago, I asked my doctor how much it would cost to pay for the birth out-of-pocket. He had no clue. The truth of the matter is that in most cases, neither doctors nor their patients have any idea what their treatments cost. That’s because the health care market...
Central planning is poisonous to innovation
Veronique de Rugy 06/23/2019 - 7:51pm
CENTRAL PLANNING: June 20, 2019 “The more things change, the more they stay the same” is the best way to describe the lack of original thinking that is prevalent in politics. Take the recent resurgence of calls from politicians on both sides of the aisle to implement industrial policy. These calls are motivated to address the (...
Will the real tariff man please stand down?
Veronique de Rugy 06/13/2019 - 9:01pm
TARIFFS: June 13, 2019 The air always swirls with popular myths that, when repeated constantly, are taken by some to be indisputably true. One such myth today is that President Donald Trump is unique among presidents in standing up firmly to the Chinese and other foreigners to stop them from harming us economically with their import restrictions,...
Numbers betray Export-Import Bank advocates
Veronique de Rugy 06/06/2019 - 8:07am
EXPORT-IMPORT BANK: June 6, 2019 It’s amazing what can be done to a cause in a mere four years. Back in 2015, there was widespread agreement in Congress that the Export-Import Bank — the U.S. government’s export credit agency — was nothing but a crony bank, mostly serving the greedy interests of Boeing and other large...
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