Current events have revealed that Ayn Rand’s novel Atlas Shrugged is not just fiction, but almost a prophesy. Elizabeth Warren’s Accountable Capitalism Act and the cronyism of Trump’s tariff policies are straight out of Rand’s novel. It won’t end well.
Trump’s trade war is not about about being patriotic or Making America Great Again or protecting American businesses. It is about politics and bad economics. No one wins a trade war; everyone loses.
It is cruel and unjust to separate children from their migrant parents yet Attorney General Sessions and President Trump want us to believe that’s OK because “it’s the law”. Sessions goes as far as to believe this policy is approved by God. Such is the moral vacuum of Donald Trump and his administration.
if Donald J. Trump can believe free trade is bad for American workers despite his own White House’s announcement of record low unemployment and high trade deficits, then he can believe almost anything. And that is the problem and it’s dangerous.
Anthony Bourdain’s Parts Unknown TV show was one of the best shows on TV. Bourdain’s lyrical musings on cities, countries, and people and their food brought us closer to the rest of humanity. I will miss him. (more…)
The danger of Bernienomics is that Bernie Sanders opened the door of respectability for socialism. In the past calling yourself a “socialist” was political suicide. His “democratic socialism” is not harmless. There is no place in the world where socialism, democratic or otherwise, has not created poverty and, ultimately, repression.
Imagine my shock when I saw Steve Rattner on Fareed Zakaria’s GPS Sunday morning program claim that China’s form of “state capitalism” (rife with 5-year plans) was outperforming our comparatively “hands-off” form of capitalism. He bemoaned our lack of a government economic plan.
Your right to swing your fist ends at the tip of my nose.
Everyone is demanding their “rights”. If the “rights” they demand take away my rights, are they “rights”?
Being on the libertarian end of the political spectrum (most freedom) I’m all for human rights—do your thing; just don’t make me do your thing or get in the way of me doing my thing.
This begs the question: “What are ‘rights’?”. This is a pretty deep philosophical issue that goes back millennia. (more…)
President Donald Trump just opened the first salvo in a trade war by imposing tariffs (taxes) on steel (25%) and aluminum (10%). It won’t end well. (more…)
The other day President Donald Trump tweeted, “The United States has an $800 billion Dollar Yearly Trade Deficit because of our ‘very stupid’ trade deals and policies. Our jobs and wealth are being given to other countries that have taken advantage of us for years. They laugh at what fools our leaders have been. No more.”
If it is the case that we have been fools to engage in “one-sided” free trade with other countries, then Trump personally entered into a “very stupid” deal resulting in a huge personal trade deficit. (more…)