by Daniel J. Ikenson
Although trade barriers have been reduced considerably since the end of the World War II, U.S. policy continues to reflect an intolerable amount of protectionism, including tariffs assessed on approximately one-third of all U.S. imports. In a new bulletin, Cato scholar Daniel J. Ikenson argues that eliminatingâ€”or at least reducingâ€”those burdens should be a congressional priority because duties raise the cost of production, reduce investment and hiring, dissuade foreign companies from establishing operations in the United States, and encourage existing producers to relocate to countries where the burdens are less onerous.
by Chris Edwards
The U.S. Postal Service (USPS) is a major business enterprise operated by the federal government. But with the rise of electronic communications, mail volume has plunged, and the 600,000-worker USPS has been losing billions of dollars a year. In this bulletin, Cato scholar Chris Edwards argues that other countries facing falling mail volume have privatized their systems and opened them to competition. â€œAmerica,â€ says Edwards, â€œshould follow suit and liberalize its postal industry so that it can adjust to changes in the modern Internet-based economy.â€