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    Capitalism: Making Tires Safer and Most Things Better

    Humans have been using tires since the dawn of the automotive age. But today’s tires aren’t much like their predecessors. Instead of being made with natural rubber, for example, they’re fashioned from layers of materials, including textiles and steel. This is a perfect example of what economist Joseph Schumpeter meant … More

    Need To Get A Grip On Tires

    There is one, and only one, notable development in the Chinese tires case. The rest is old news, non-news, or nonsense. Why does anyone care about this case? It’s certainly not because of the amount of trade affected. Replacement tires constitute a drop in the bucket of US-China trade. It’s … More

    Free Tread

    President Obama has decided to apply heavy tariffs to passenger car and light truck replacement tires made in China. This is the latest and worst episode in an ill-advised assault on free trade with the PRC. Taking WTO-compliant steps to counter Chinese subsidies or other mercantilist behavior is entirely reasonable. … More