The 2010 William E. Simon Lecture given by Hudson Senior Fellow and Director of the Bradley Center for Philanthropy & Civic Renewal William Schambra at the Manhattan Institute For Policy Research in New York City on December 9, 2010.

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US President Donald Trump reacts after signing executive orders imposing tariffs on imported goods in the Rose Garden at the White House on April 2, 2025, in Washington, DC. (Andrew Harnik via Getty Images)