Scott Lincicome Profile picture
@CatoInstitute Director (Econ/Trade), @DukeLaw adjunct, @TheDispatch newsletter-er. Chief Neoliberal Shill 2020. CH❤️RTS. You didn't read the article, did you?
Antone Johnson 🇺🇸🇺🇦 Profile picture DR. PEPE, ESQ. B.S.🇺🇸⭐⭐⭐3TW🍊🍊🍊 Profile picture Flora Profile picture Potato Of Reason Profile picture 4 added to My Authors
May 20 9 tweets 3 min read
This tweet/thread below got me thinking abt what other store shelves outside of the USA looked like right now. So I asked some friends to send me pics from other countries. Obvs, anecdotes =/= data, but here's a quick thread of the pics I received this week (so far): /1 Canada - right across the US border. It's OK but there are some empty spots. (Are Americans crossing to buy here?!? Smugglers!)

Now let's head across the Atlantic... /2
May 19 4 tweets 3 min read
NEW TODAY: @CatoInstitute is rolling out a new publication format optimized for quick/easy, digital (esp. mobile) & viewing - basically just scroll thru a condensed study in one sitting. An early project is my recent paper w @AlfredCObregon. Check it out: cato.org/study/free-tra… But unlike the study, this version is supplemented with video, interactive charts(!), pics/quotes, and even new/different research that didn't make it in the paper - and it all "reacts" to your scrolling up/down the page. Examples:
May 12 4 tweets 2 min read
1) Repeal all baby formula tariffs (tariff rate quotas)
2) Require the FDA to allow the importation of any formula approved by a competent regulator (EU, Switzerland, Canada, Japan, New Zealand, Australia, etc)
3) Reform WIC (eg, no more sole source contacts) 4) Please stop with the DPA stuff. It's not some magic incantation POTUS can yell every time there's a commercial problem (exacerbated by bad US policy) Image
May 8 6 tweets 2 min read
US "national security tariffs" on Ukrainian steel: still in place. "Worker-centric"!
May 8 4 tweets 1 min read
Telling. Good to see him at least admit that populist views on economic issues aren't abt *actual economics* at all.
May 8 4 tweets 1 min read
"Automated whatnow?! WHOA WHOA WHOA WHOA NOW SLOW DOWN THERE COMRADE LET'S BE REASONABLE"
May 7 6 tweets 1 min read
My pick is Crown Pride. 🇯🇵 Whoa.
May 7 5 tweets 2 min read
I look forward to @POTUS proposing reforms to US trade remedies (antidumping & countervailing duty) law to remove its longstanding biases against imports and consumers. Wait. Check that. I'm being told by the folks in the booth that I shouldn't hold my breath. Drat. cato.org/commentary/pre… Image
May 5 12 tweets 4 min read
We have high tariffs (technically tariff rate quotas but whatever) on infant formula, of course. See: cato.org/blog/unfettere…
And
customsmobile.com/rulings/docvie… ImageImage
Apr 27 9 tweets 3 min read
Meanwhile, the USA *still* has "national security" tariffs on steel from Ukraine, which it has been imposing for more than 4 years now 🤔
Apr 26 5 tweets 1 min read
Ergo, there is "free speech" in North Korea. What a mess.
Apr 25 4 tweets 1 min read
Dunh Dunh Dunnnnnnnnnnnnh (you have to put the H at the end or it doesn't have the right tone)
Apr 4 4 tweets 2 min read
"Iowa Farms To Lose 5 Million Birds To Bird Flu" minnesota.cbslocal.com/2022/04/02/iow…
"The new cases mean that across the nation, farmers have had to kill about 22M egg-laying chickens, 1.8M broiler chickens, 1.9M pullet and other commercial chickens, and 1.9M turkeys" 😳 More than 80 percent of our food comes from domestic sources, so we are clearly too dependent on these brittle supply chains and should thus outsource everything immediately. Right? Oh. cato.org/blog/empty-gro…
Apr 4 4 tweets 2 min read
"Jones Act lobby calls on Biden to add more cowbell"
politico.com/newsletters/we… Image Maritime unions, basically.... Image
Mar 19 6 tweets 1 min read
Lol. trib.al/ueoI1mU "Brain" storming.
Mar 18 4 tweets 2 min read
Good @KatyODonnell_ piece on rising home prices and inflation. politico.com/news/2022/03/1…
Obvs, land use regs play a huge role here (as discussed), but glad to see US lumber duties mentioned too.

HOWEVER... /1 It'd be even BETTER to note that 1) we have those same types of duties on tons of other construction materials (eg, nails, floors, countertops); 2) those duties have been found in a new @CatoInstitute paper to increase US construction costs; AND... /2
Mar 6 4 tweets 1 min read
Very useful benchmark when discussing high oil prices today: So, still a LONG way to go before we're back at 2008 levels. We're also less oil-dependent and more energy efficient today:
Mar 2 4 tweets 1 min read
Still peeved that POTUS - a vocal Jones Act supporter - actually said last night that he wants "More goods moving faster and cheaper in America" with a straight face.

I'm sure it'll pass. Eventually. This whole section, tbh, was just head-smackingly silly. I know it polls well, but... cmon, man. Image
Feb 14 4 tweets 1 min read
Another industrial policy success! People tend to think of ethanol as farm policy, but it's also a classic case of US industrial policy too. Seven mentions of it - and its costs, unintended consequences, cronyism, etc. - in my 2021 white paper on IP: cato.org/white-paper/qu…
Feb 5 4 tweets 1 min read
Went to the mall. Foolish, horrible mistake. Never again. And I KNEW I'd screwed up the second I got inside. But instead of just turning around like a sane, rational person, I forged on, traumatizing myself amidst a bustling mass of humans and tchotchkes for the next 45 - FORTY FIVE - mins.

🤬ing sunk cost fallacy.