Keyword: globalistwhine
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Revisiting Bastiat’s parable. As president of the most powerful country in the world — and a man with the utmost confidence in his own judgment — would Donald Trump dare to tell the Sun, that fiery ball at the center of our solar system, “You’re fired!” It seems so, if we take him at his recently tweeted word (“Trade wars are good, and easy to win”) and take the liberty of injecting him into the center of the argument found in the “Candle Maker’s Petition,” a satire of protectionist tariffs written by the great French economist, Frederic Bastiat (1801-1850).
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President Donald Trump has had a splendid first year in office. He has the economy moving again and at a healthy pace, some 2.6 percent in the most recent quarter. Unemployment is down, the stock market is up and the economic signs are mostly healthy. Well, for the stock market that was until last week. That was the week in which the President announced his intention to slap a 25 percent tariff on steel imports and a 10 percent tariff on aluminum. The market tanked, and more problems are said to be coming internationally. It appears the world does not...
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RIO GRANDE CITY, Tex. — Caught quite literally in the middle of the international debate over the way the United States trades with its southern neighbor are two Texans named Sam. Sam Vale and Sam Sparks Jr. own two bridges that stretch across the Rio Grande, connecting farmers on either side with markets on the other, and linking communities in South Texas and northern Mexico that sometimes meet in the middle. Major retailers and manufacturers are mobilizing to keep the deal alive and to protest rules that could make it more expensive to bring parts and products in from Mexico....
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When Maximo Garcia heard that he was on a list of local drug suspects in Mayombo, he tried to clear his name with the police chief, explaining that he no longer used drugs and had never sold them. Four days later, the Philippine news site Rappler reports, a masked gunman shot up Garcia's house as he and his family were eating lunch, wounding him and killing his 5-year-old granddaughter. So it goes in Philippine President Rodrigo Duterte's war on drugs, which has claimed somewhere between 7,000 and 13,000 lives since he took office in June 2016. Although Duterte's bloody crusade...
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It is axiomatic that if someone is sufficiently eager to disbelieve something, there is no Everest of evidence too large to be ignored. This explains today’s revival of protectionism, which is a plan to make America great again by making it 1953 again. This was when manufacturing’s postwar share of the labor force peaked at about 30 percent. The decline that began then was not caused by manufactured imports from today’s designated villain, China, which was a peasant society. Rather, the war-devastated economies of competitor nations were reviving. And, domestically, the age of highly technological manufacturing was dawning.
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Two of Donald Trump’s main pledges during the presidential race were building a wall along the border with Mexico, and making the U.S. energy-independent. Now that the election is over, these issues are coming to the fore. First, the president-elect said that the wall, which he mentioned on the campaign trail and in numerous debates, is still very much on the table, though what type of “wall” that may be is an unknow. Second, he said he planned to start deporting illegal aliens—those with criminal records—which could amount to as many as three million individuals. Despite “The Wall”, the deportation...
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