Posted on 04/14/2025 4:52:47 PM PDT by FreedomNotSafety
Not since Herbert Hoover signed the Smoot-Hawley Tariff has a president chosen to disregard a larger body of informed opinion than President Trump did when he instituted his protectionist trade policy. Based on a series of verifiably false grievances—wages haven’t grown in 50 years, manufacturing has been hollowed out by imports, countries with trade surpluses are “ripping us off”—Mr. Trump used constitutionally questionable powers to abrogate congressionally approved trade agreements and undermine the world’s trading system. Markets convulsed in anticipation of the massive wealth annihilation that would accompany the shredding of global supply chains and a transition to a more protectionist world. The continuation of current trade policies will likely produce a worldwide recession, and even if Mr. Trump’s policies succeed in bringing back manufacturing jobs, the U.S. economy will be less efficient, economic growth will be stunted, and most Americans will be worse off.
(Excerpt) Read more at google.com ...
WSJ having so many sads over their grift operation ending.
Please. I spent nearly 18 months unable to
Get an interview. Have gotten 3 job offers in the last week.
Please don’t remotely tell me how bad Trumps economy is. You look like a fool
LOL WSJ LOL
Yup, the WSJ has become a laughing stock. Its Biden (Dems) good Trump (Repubs) bad shtick is getting old.
Oh yeah - Phil Gramm. I remember him. Kind of.
Brandonomics was bad? First I’ve heard of it.
“...a larger body of informed opinion...”
Sounds like the WSJ has their panties in a twist because Trump is ignoring their opinions.
If these morons are correct, why not offshore all manufacturing, energy products and mining. We can all sit around and sell insurance, investment products, and time shares to each other. Don’t be a dope.
President Trump is also addressing non-tariff barriers as well as tariffs themselves. For example, an American flag merchant ship calling on Japanese ports faces delays getting to a dock as well as much longer times to unload cargo.
In the area of Just-in-Time inventory a delay of 12-24 hours can reduce the demand for your goods considerably.
400 years of history has proven that free markets are the “least bad” of all systems.
400 years of history seem to say that the heavy hand of government is worse than the invisible hand of Adam Smith.
Where is there an articulate discussion that supports the Navarro/Malthus approach?
Wall Street != Main Street
All the way back to the Revolutionary War, it may be that New York City has never been on America’s side.
Beuler?
Main street over Wall street.
The WSJ is as bad as MSNBC on economic issues. The Journal Editorial Report on Fox (Saturdays) has become completely unwatchable. When Trump’s tariffs succeed brilliantly the chance of the WSJ and their globalist fellow travelers admitting their error and giving credit where it’s due is zero.
WSJ is melting like the wicked witch of the east.
You didn’t read Adam Smith very closely
“disregard a larger body of informed opinion”
Experts say....
Maybe later. I'm too tired right now.
“and even if Mr. Trump’s policies succeed in bringing back manufacturing jobs, the U.S. economy will be less efficient, economic growth will be stunted, and most Americans will be worse off.”
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We were headed to complete and total loss of our sovereignty and doomed to become like Venezuela.
We have a chance now.
These Red Fascists at the WSJ are grieving that we have a chance at survival now.
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