Economics/Class Relations

Adam Smith Is a Better Economist Than Trump

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February 22, 2025
Senior Fellow and David J. Theroux Chair Phillip W. Magness faces off against tariff advocates Ian Fletcher and Marc Fasteau on the Better Wealth podcast.

Adam Smith Is a Better Economist Than Donald Trump

Senior Fellow Richard Vedder argues that tariffs are taxes, and while taxes may be necessary, tariffs are not the most efficient way to raise revenue.

Donald Trump’s Tariffs: Bad Economics And Maybe Illegal, Too

Senior Fellow Ivan Eland laments Trump’s wild tariff threats, and notes they would be less of a problem if Congress guarded its powers competently.

What Trump’s Plan to Stop Minting Pennies Means for Consumers

Journalists Oyin Adeoyin and Dalvin Brown quote Senior Fellow Robert Whaples on Trump’s plan to stop minting pennies, which Whaples says seems to be within the executive branch’s power.

California’s Elaine Howle — DOGE Before DOGE Was Cool

Policy Fellow K. Lloyd Billingsley writes how California once deployed an intrepid foe of government waste and fraud.

MORE MEDIA ATTENTION

PODCAST

History As It Happens

Senior Fellow and David J. Theroux Chair Phillip Magness explains how the executive branch uses its broad power to manipulate tariffs. Listen now »

Reason

Senior Fellow Stephen Halbrook argues it’s time to have a meaningful constitutional dialogue about whether the Second Amendment protects a firearm device that enhances the right to armed self-defense. Read more »

National Post

Journalist J.D. Tuccille quotes Senior Fellow and David J. Theroux Chair Phillip Magness and explains how Trump’s steel and aluminum tariffs punish Americans and Canadians alike. Read more »

GoBankingRates.com

Journalist Gabrielle Olya quotes Senior Fellow and David J. Theroux Chair Phillip Magness to explain how Trump’s tariffs will hit finances hard this year. Read more »

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