On April 2, President Trump announced that the United States would impose tariffs on all its trading partners. He called it "Liberation Day." From his perspective, the day that America would be "freed" from being "ripped off" by other countries' predatory trade practices.

On April 2, President Trump announced that the United States would impose tariffs on all its trading partners. He called it "Liberation Day." From his perspective, the day that America would be "freed" from being "ripped off" by other countries' predatory trade practices.

Imagine a situation where nearly four cents of every dollar you earn is taken away, charged as a tax, yet contributes nothing. As a citizen, this charge provides no services, no schools, no national defense, no social services; in the words of economist Lacy Hunt, it is simply a "dead weight loss."

Imagine a situation where nearly four cents of every dollar you earn is taken away, charged as a tax, yet contributes nothing. As a citizen, this charge provides no services, no schools, no national defense, no social services; in the words of economist Lacy Hunt, it is simply a "dead weight loss."

Imagine a situation where nearly four cents of every dollar you earn is taken away, charged as a tax, yet contributes nothing. As a citizen, this charge provides no services, no schools, no national defense, no social services; in the words of economist Lacy Hunt, it is simply a "dead weight loss."

Imagine a situation where nearly four cents of every dollar you earn is taken away, charged as a tax, yet contributes nothing. As a citizen, this charge provides no services, no schools, no national defense, no social services; in the words of economist Lacy Hunt, it is simply a "dead weight loss."

Perhaps the most regrettable aspect of our debates on public policies is our tendency to over-simplify. After all, much of the debate occurs in the media or on the internet, where brevity is prized. Does it fit into a 30-second soundbite? Or a 180-charter tweet?

Perhaps the most regrettable aspect of our debates on public policies is our tendency to over-simplify. After all, much of the debate occurs in the media or on the internet, where brevity is prized. Does it fit into a 30-second soundbite? Or a 180-charter tweet?

Perhaps the most regrettable aspect of our debates on public policies is our tendency to over-simplify. After all, much of the debate occurs in the media or on the internet, where brevity is prized. Does it fit into a 30-second soundbite? Or a 180-charter tweet?

Perhaps the most regrettable aspect of our debates on public policies is our tendency to over-simplify. After all, much of the debate occurs in the media or on the internet, where brevity is prized. Does it fit into a 30 second soundbite? Or a 180 charter tweet?