Recent Posts

This is moving! What our young men were doing in 1944 and all of WW2!

REAL - WW2 Burial at sea, ( plane and all )! This is a VERY touching video, actually a piece of ...

Read More

Cynicism: Democrats Insist on delaying New Kavanaugh Hearing They Demanded, After Sitting on Allegation for Months

By Guy Benson at Townhall  @guypbenson As I've said many times over, I do not know whether Brett Kavanaugh's accuser is acting in ...

Read More

How George Washington Warned Us About Tribalism and Disunity

Richard Lim / @ThisAmerPres / The Daily Signal George Washington warned against factions, division, and divided loyalties in his 1796 Farewell Address. (Photo: Album ...

Read More

An appeal for Help! from BCP


Read More

Michelle Malkin: 'Believe Women' Is Perilous Baloney

By Michelle Malkin | cnsnews SCOTUS nominee Bretty Kavanaugh (Photo by Chip Somodevilla/Getty Images) I have a message for virtue-signaling men who've rushed to ...

Read More

Coincidental? Kavanaugh Accuser's apparent Connections to Democrats & Dirty Tricks Group

By Operation Rescue By Cheryl Sullenger at Operation Rescue Washington, D.C. – More suspicious connections have surfaced that raise additional questions about ...

Read More

Kavanaugh Accuser’s Brother Worked for Law Firm That Hired Fusion GPS

By Melanie Arter |cnsnews Christine Blasey Ford (Screenshot) The brother of Christine Blasey Ford, the woman who accused Supreme Court nominee Brett Kavanaugh of ...

Read More

Federal Bureaucrats Are Overpaid: Shrinking Size of Gov’t Is the Answer

By Daniel Mitchell | cnsnews President Donald Trump (Screenshot) President Trump has proposed a one-year pay freeze for federal bureaucrats, which has reinvigorated the debate over whether compensation ...

Read More

TRUMP BOOM: Most Summer Travel, Higher Small Business Optimism Since Reagan, Lowest Unemployment Ever, MORE

Editorial credit: Evan El-Amin / Written by Warner Todd Huston/eaglerising After eight years of self-destructive policies under Obama, in just two ...

Read More

Federal Employees Have Higher Pay, More Job Security Than Private Sector

Daniel J. Mitchell/mises President Trump has proposed a one-year pay freeze for federal bureaucrats, which has reinvigorated the debate over whether compensation levels ...

Read More

Latest News


The U.S. Should Be More like Hong Kong


The fact that Hong Kong is a duty-free marketplace is a major driver of its immense prosperity.

By John Tamny 

While airports frequently have “Duty-Free” stores within them, Hong Kong is a Duty-Free city-state. It levies no taxes on incoming foreign goods. The only taxed products (regardless of country origin) are tobacco, gasoline, alcohol, and methyl alcohol.

Free Trade and the Division of Labor

That Hong Kong is open to the world’s plenty very much explains why it’s so prosperous. The sole purpose of work is to exchange it for other goods and services, which means Hong Kong’s citizens get the most in return for their work.

An economy is just a collection of individuals, and individuals are better off when they have the whole world competing to meet their needs.

Even better, the eagerness of Hongkongers to divide up production with the rest of the world means that they’re most likely to be doing the work that most amplifies their talents. The latter is a reminder of just how incorrect President Trump’s faux trade guru (Peter Navarro) is about openness to global production coinciding with job loss and impoverishment. If it were true, Hong Kong would be the living definition of poor and unemployed. That it personifies rich is a reminder that free trade doesn’t force us into breadlines as much as it makes it much more likely that we’ll get to do the work most commensurate with our talents.

Read More


Comments are closed.


Please take our reader satisfaction poll. Please select one from each part.

View Results