Swimming against public opinion, Michael Lind in Tablet lays out the diplomatic and economic case for tariffs. While noting the “chaotic and inconsistent nature” of U.S. President Donald Trump’s trade policy, Lind says tariffs can make a lot of sense, especially when it comes to Chinese electric vehicles. Even Adam Smith, he notes, wrote in 1776 that “There may be good policy in [tariff] retaliations” of the sort Trump is implementing.

Javier Milei Makes Fools of the “Experts”
As it began looking like Javier Milei might actually be elected President of Argentina, more than 100 leading international economists warned that this “far-right” political “wrecking ball” would “cause ‘devastation,’ spike inflation, expand poverty, and unemployment.” But as David Harsanyi relates in the Washington Examiner, Milei has tamed inflation, balanced the budget, shrunk the bureaucracy, deregulated the economy, driven down poverty and repaid billions in U.S. loans. And now, Harsanyi notes, Argentina is starting to boom.

