They’re baaaack. Mercantilists, that is. Charles Hooper writes:

Whether they realize it or not, many modern politicians of various stripes are mercantilists. Just watch the news and you’ll see those in our government and in the media expressing predominantly mercantilist views: Our trading partners’ currencies are too cheap and the trade deficit is too high–together, these two factors reduce domestic employment.

In this month’s Econlib Feature Article, “Mercantilism Lives,” Charles Hooper takes on the modern mercantilists.