Wednesday, July 4, 2018

CRONIES

Protected from those better able...cronies do all they can to sustain the knaves whose government insulates and defers. TRADE BARRIERS...for example...protect the incompetent and inefficient hurting everyone by such nonsense. TARIFFS hurt producers and consumers...insulating those industries that could not compete in an otherwise unhampered market.

On the other hand...when CHINA over-built its steel makers...and...glutted the world with cheap steel...that glut was GIFT. It meant the consumer was receiving a GIFT since the production of that steel cost more than the price for which it was sold.

American steel makers...struggling beneath mountains of red tape, union wage scale, and oppressive taxes in almost every form and format...could not "match" this "state-funded" GIFT...and...sat back as consumers bought cheap CHINESE STEEL.

Naturally...President Trump knows about HUMAN ACTION, page 316...but...knows how to use TARIFFS to open markets...and...thereby give Americans that chance to compete everywhere...come one...come all...not anyone can out-compete or out-produce Americans.

JULY 4, 2018 celebrates this SPIRIT.