Category Archives: Free Markets

NEW COLUMN: Trump Barters For Borders — And Wins, Big Time

Democrats, Free Markets, IMMIGRATION, Justice, Nationhood, Natural Law, Republicans

NEW COLUMN IS “Trump Barters For Borders — And Wins, Big Time.” It’s currently on the Unz Review and WND.COM.

RELATED at Townhall.com: “Why The Mighty USA Must Beg Mexico To Police Its Border.”

Excerpt:

If President Trump doesn’t waver, his border deal with Mexico will be a victory. The Mexicans have agreed to quit serving as conduits to hundreds of thousands of central Americans headed for the U.S.A.

Despite protests from Democrats, stateside—Mexico has agreed to significantly increase enforcement on its borders.

At first, Mexico was as defiant as the Democrats—and some Republicans.

Democrats certainly can be counted on to argue for the other side—any side other than the so-called sovereign people they swore to represent.

In fairness to the Democrats, Republicans are only notionally committed to the tough policing of the border. And certainly not if policing the porous border entails threatening trade tariffs against our neighborly narco-state. Some Republican senators even considered a vote to block the tariffs.

Nevertheless, to the hooting and hollering of the cretins in Congress and media, Trump went ahead and threatened Mexico with tariffs.

More than that. The president didn’t just tweet out “strong words” and taunts.

Since Mexico, the party duopoly, and his own courts have forced his hand, the president proceeded to “retrieve from his arsenal a time bomb of ruinous proportions.”

Or, so the Economist hyperventilated …

READ “Trump Barters For Borders — And Wins, Big Time,” on the Unz Review and WND.COM.

RELATED at Townhall.com: “Why The Mighty USA Must Beg Mexico To Police Its Border.”

* Image courtesy of the Unz Review.

UPDATE (5/27/019): Will Dave Rubin Let Richard Spencer Do Business On His New, ‘Free,’ Crowd-Funder?

Celebrity, Free Markets, Free Speech, Political Correctness, The Establishment

YouTuber David Rubin is leaving the crowdfunding site Patreon, after Patreon unveiled its bizarre new ‘hate speech’ policy.” Rubin spoke to Tucker Carlson about his plans to launch his own version of the online donation site.

This is all well and good—but will Rubin allow true freedom on his business, or is the Rubin venture to be reserved only for an acceptable range of expression? Will Rubin allow Richard Spencer, for example, to transact on his site? That would be a real measure of freedom.

Let’s see.

But any time the truly great Tucker has the likes of Dave Rubin on; it’s time to stop listening. Rubin is interchangeable with other, standard issue, left-leaning Republicans or right-leaning Democrats.

If this is his usual white noise, it might just turn out to be a safer version of Patreon, reserved  for establishment Republicans and slightly off-beat, but acceptably, others.

HERE.

UPDATED (5/27/019):

TRUMP Trade Tactics Are About WINNING Negotiations

Canada, Free Markets, Labor, Taxation, Trade

I love Canada, am a Canadian (and American) citizen, have Canadian loved-ones. I don’t want to see Canadians hurt.

It’s true, however, that, in the artificial universe of trade agreements, previous US leaders have shown they don’t care about US workers. Trump’s the opposite. He’s using American power to muscle deals he believes are beneficial to American workers.

Canada taxes purchases of American goods starting at $20, whereas America starts taxing Canadian goods at $1000. Trump has said he’d love for trade to be entirely and mutually without tariffs:

“No tariffs, no barriers. That’s the way it should be. And no subsidies. I even said, ‘no tariffs’,” the US president said, describing his meetings with fellow Group of Seven leaders as positive “on the need to have fair and reciprocal trade”. “The United States has been taken advantage of for decades and decades,” he continued, describing America as a “piggy bank that everyone keeps robbing.”

But since that’s not going to happen …

“Canada is going to have to make some concessions,” says Laura Dawson, head of the Canada Institute at the Woodrow Wilson Centre in Washington, DC. Among them might be raising the threshold at which Canada taxes purchases of American goods from C$20 to around C$1,000, the American level. Canada might consent to more onerous conditions for a vehicle to be imported duty-free within NAFTA, including on wages and the amount of North American content.

And of course, the American market is enormous. Trump knows it. Leaders before him no doubt knew the power of American markets but refused to use it:

Canada gamely argues that the United States would also be hurt in a trade war. Canada is the biggest destination for exports from 36 of the 50 American states. Bilateral trade in goods and services is immense: $674bn in 2017. It is also, despite what Mr Trump says, balanced. In 2017 the United States had a small surplus with Canada, of $8.4bn. Yet Mr Trudeau’s bargaining position is weak. “We absolutely need them, but they could live without us,” says Philip Cross, an economist.

BESIDES,

Canada’s system of supply management, which sets limits on the production of dairy, poultry and eggs, has long irritated the United States (and should anger Canadians, who pay more for food than they need to). Canada subjects imports of those products beyond a ceiling to punishing tariffs (298% in the case of butter). Mr Trump has been angry about this since he met dairy farmers from Wisconsin in April 2017.

The article is “Canada: Breaking a few eggs: The economy is already feeling the effects of Donald Trump’s trade war,” courtesy of The Economist.

Harley-Davidson Had Been Looking To Move Production Off Shore For A While

Capitalism, Debt, Donald Trump, Economy, Free Markets, Trade

Conservatism once had the genius of James Burnham, Russell Kirk, Frank Chodorov, and Felix Morley; now the brand boasts Rich Lowry, Meghan McCain and S. E. Cupp.

The last has learned nothing from the 2016 election. S. E. Cupp, a Never Trumper who hosts a CNN show, is betting against Donald Trump. She says, “Trump Supporters Soon Will Learn That No One Wins A Trade War.”

Where’s the learning curve? I would not bet on Trump losing a trade war.

This is not to advocate tariffs. I am for free trade. But here’s the clincher. We don’t have free-market capitalism. Never have; at least not in recent memory.

Thus, “trade deficits must be seen in the context of state-managed trade and systemic debt.” That’s what Trump is negotiating; he’s not messing with the divine order in which we true free-marketers believe. For it doesn’t exist.

As for Harley-Davidson’s decision to move some of its production outside of the U.S.: Rep. Thomas Massie (R-Ky.) and Kennedy of Fox Business disclosed that the company had been looking to move production off shore for a while and were searching for an excuse to do so.