Category Archives: Trade

Donald Delivers Economic Expertise @ Free-Market Speed

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

No sooner had I penned “Trump And Trade,” questioning the slavish devotion of my own philosophical tribe, libertarians, to trade deficits, without considering that America’s trade imbalances occur in the context of debt—personal, corporate, state—than the magnificent Maria Bartiromo introduced, on Sunday Futures, the equally impressive Stephen Miller to speak to these matters.

Miller is a Trump Campaign senior policy adviser.

To comport with his earlier contention that, “We can’t have a service only economy,” Miller stated today (3/20):

It’s the donors vs. the voters. “The choice we have is between the national interests vs. the special interests.”

Mr. Trump’s has killed off the Cult of Megyn Kelly. Next on his to-do list: Replace crappy journo Kelly with pro Ms. Bartiromo.

Related:

“The Me Myself And I Megyn Kelly Production.”

“Trump And Trade.”

3/21/016:

UPDATED: TRUMP AND TRADE

Donald Trump, Free Markets, libertarianism, Regulation, Trade

“TRUMP AND TRADE” is the current column, now on WND. An excerpt:

Mitt gives Mormons (whom I love) a bad name. I thought Mormons weren’t meant to bad-mouth others. Yet Mitt had nothing but bad things to say about Donald Trump, who is political tabula rasa and has never passed a law in his life.

Neither has Trump ever caused the death of a single Iraqi kid. But the religiously devout Romney called him evil for defiling the precious memory of someone who had caused many thousands of such deaths: Bush II.

The meme about Mitt Romney is that had he attacked Barack Obama with the vim and vigor he reserved for Trump, he might have made it to president.

(Likewise, if only Abe Foxman of the Anti-Defamation League went after Muslims who lob bombs at Jews with the passion he reserves for gentiles who raise their right hand in a pledge of support for Trump. Poor Abe is seeing Nazi faces in the clouds again.)

Romney also claimed Trump would “propose 35 percent tariff-like penalties” and “would instigate a trade war that would raise prices for consumers, kill export jobs, and lead entrepreneurs and businesses to flee America.”

I don’t know that Trump favors protective tariffs, import quotas or export subsidies.

I do know that we don’t have free trade.

What goes for “free trade,” rather, is trade managed by powerful bureaucracies – national and international – central planners concerned with regulating, not freeing, trade; whose goal it is to harmonize labor, health and environmental laws throughout the developed world. The undeveloped and developing worlds do as they please.

My understanding is that Trump simply wants to make these agreements and organs work for the American people.

I know, too, who did support “labeling China a currency manipulator,” so that he could “put in place, if necessary, tariffs where … they are taking unfair advantage of our manufacturers.”

Mitt Romney in 2012.

When it comes to the glories of an aggregate, negative balance of trade, libertarian post-graduate cleverness deserves to be questioned. …

… READ the rest. “TRUMP AND TRADE” is the current column, now on WND.

UPDATED (3/15):

TRUMP And TRADE

Business, China, Donald Trump, Economy, Free Markets, Trade

My 2011 “Sinophobia Trumps Common Sense,” unfairly called Donald Trump “megalomaniacal.” It fairly pointed out, however, that “Sinophobia is sanctioned among American opinion makers. The dislike for China falls within the realm of perfectly respectable economic theory.”

The business mogul is motivated by the sense that the nimbus of great power that surrounds the US is dissipating. It hasn’t occurred to him to search closer to home for the causes of America’s economic anemia—at Fanny, Freddie, and the Fed, for a start. Since Trump has no idea what’s potting, and is not eager to look in his own plate — he blames OPEC and China for the burdens of doing business in the US.

With his “Sorry Mr. Trump, the Chinese Aren’t ‘Crushing’ Us,” our friend, professor George Reisman, deconstructs the “killing us in foreign trade” Trumpism:

American job losses are not the result of freer trade and an excess of imports over exports, but of government policies that prevent capital accumulation in the United States, among them policies that limit imports. An essential part of any economic policy that would truly help to “make America great again” is to avoid preventing imports. …

… READ THE REST. “Sorry Mr. Trump, the Chinese Aren’t ‘Crushing’ Us” By George Reisman is on Real Clear Markets.

Halloween Candy: When Made In China Is Magnificent

China, Ilana Mercer, Regulation, Trade

Sometimes the nastiest, unhealthiest Chinese candy, just shy of toxic, is what the doctor ordered. It’s what this household seeks out every Halloween. Candy too nasty for adults to consume is still legal at Fred Meyer, that great American supermarket.

If it’s in the house, chocolate fiends like myself will consume bad chocolate like Kit Kat or Hershey’s. So for Halloween, we look to China. The kids love the body parts candy on offer. None has yet to die.

The Freaky Fingers purple and green, for example, contain sugar, corn syrup, Sorbitol, gelatin, corn starch, malic acid, pectin, artificial preservatives like Potassium sorbate, and artificial colorants like Red, Blue, Yellow 5 and 6. Candy that’s just dandy for kids.

We’re up front about what we offer, thanks to explicit labeling that includes a “Chocking Hazard” alert on the wrappers.

In the case of Halloween candy, made-in-china is magnificent, so no tariffs on bad candy form China, Donald Trump.

Just as I was setting the stuff out, I heard one of Fox News’ female fascist “experts” advise parents to call the … cops if they spot untoward candy, presumably like the stuff our household puts out.

And we call China a police state.

Anyhoooo, as The Simpsons’ Mr. Barnes would say, there are leftovers, if you’d like some for your kid. The candy only expires in May of 2016.