Replies

As an economist; you are so right on you should be encased in bronze. The biggest mistake Bush, the younger, has made is the tariff decision. I know, as empirical facts that open border in trade and in labor benefit everyone, and especially the US (only security should be a concern, which, sadly, is now). This one decision, if anything, will be his undoing even if the majority doesn’t understand simple economics. And, I'll even place a bet on it. Anyone want to take me up?
clark@fan.net
Don't get me wrong, I love GWB, but free-trade is sacrosanct and should never, ever be violated, (even Clinton got religion when he was shown how things really worked). There are powerful interests, and not so powerful, like me, that watch trade legislation like hawks. It’s more powerful than even you intelligent readers give it credit. And the reason is simply: IT MAKES EVERYONE: YES, EVERYONE, BETTER OFF; i.e.: RICHER!
Regards,
Clark

Welcome to FR. One tariff on steel does not make for much compared to the massive tax hikes of the Clinton Admin. And it is a limited tariff. As far as emulating the Europeans and their socialist economies... that does not make economic sense.