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OpenMarket: Trade and International

  • Proposals for and Problems with International Drug Reference Pricing

    November 5, 2019
    Healthcare costs remain top of mind in American politics. Polls consistently show that healthcare is one of, if not the top, priority for voters heading into the 2020 election cycle. Politicians and other policymakers face a looming crisis with healthcare expenditures. Medicare and Medicaid, the federal single-payer programs for the elderly and indigent, comprised over a quarter of all federal spending in 2018. This share is rising.
  • Trump Administration Challenges Constitutionality of California Climate Pacts

    October 25, 2019
    Just when I thought the Trump administration could not get any bolder in challenging California’s self-anointed power to determine national climate policy, the Department of Justice (DOJ) on Wednesday filed a constitutional challenge to the state’s greenhouse gas emission trading pacts with the Canadian provinces of Québec and Nova Scotia.
  • VIDEO: How Does the Trade War Hurt You?

    October 18, 2019
    Our friends over at the Cato Institute are known for their excellent free-market analysis, in particular on hot button issues like trade. They recently released a great short video to drive home the actual incidence of bad policy: “How Does the Trade War Hurt You?”
  • New $7.5 Billion Tariffs against European Union

    October 3, 2019
    The Trump administration has announced tariffs on $7.5 billion of goods from the European Union. This time, it is being done with the World Trade Organization’s blessing. Here is what is different about these tariffs—and what isn’t.
  • Ex-Im Bank Reauthorization: Lesson in Institutional Design

    September 23, 2019
    For all its flaws, the Export-Import Bank’s charter gets an important thing right: the agency must be reauthorized every few years, or it will close. This makes Ex-Im an important case study in institutional design. Its reauthorization requirement should be applied to nearly every government agency. Reauthorization offers regularly scheduled opportunities for Congress to enact possible reforms, or close an agency entirely. It also adds a level of democratic accountability to agencies that mostly lack it.
  • Export-Import Bank Fight Not Over Yet

    September 20, 2019
    The Export-Import Bank’s charter is currently set to expire on September 30. If authorization lapses, the agency will shut down. On Thursday, the House passed a continuing resolution (CR) to fund the government through November 21—specifically including Ex-Im. The Senate will likely pass it next week. This means the Ex-Im fight could drag on for an additional seven weeks, and possibly longer.
  • Ex-Im Bank Reauthorization: Major Victory against Cronyism, Despite Setback

    September 19, 2019
    Nobel laureate economist Ronald Coase wrote in his 1975 essay “Economists and Public Policy” that “An economist who, by his efforts, is able to postpone by a week a government program which wastes $100 million a year (which I would call a modest success) has, by his action, earned his salary for the whole of his life.” By Coase’s measure, the Ex-Im fight that began in 2014 was an enormous success, despite the coming reauthorization setback.
  • Getting My Bearings in Taipei: Personally and Politically

    September 11, 2019
    Key Insight of the Day: While not every aspect of life in Taiwan is dominated by the relationship with the People’s Republic of China, every policy conversation will come around to the topic quickly.
  • Sharing Insights and Observations from the Road: A Travelogue

    September 11, 2019
    This week I’m in Taiwan as a part of a delegation of free-market trade experts. I’ll write short posts for the Competitive Enterprise Institute team to review and share here on OpenMarket. If it goes well, we’ll experiment with adding regular posts whenever I travel on behalf of CEI.
  • Study on Export-Import Bank: Repeal Is Best, Other Reforms Can Help

    September 10, 2019
    The Export-Import Bank is up for reauthorization by September 30. It should be shut down, as I’ve pointed out before, but reauthorization will almost certainly pass. Ex-Im was either shut down or sharply limited for nearly five years, from October 2014 until May of this year.

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