Daniel Moore reveals some of many costs of Trump’s
trade war on American consumers . (HT Walter Grinder)
Markets aren’t immune to being pulled and pushed by emotions, yet overall, they’re smarter than any one politician or administration. Markets reflect expectations of the future health of the economy. And what they’re telling us now, strongly and clearly, is that they’re uncertain about the economy’s ability to sustain a long trade war with China. That’s true even if, by some measures, China is getting hit harder than we are. The great interconnectedness of our economies means that if China “loses,” we do, too — and vice versa.
Phil Magness rescues Gordon Tullock from the same full-throttle slime machine that is operating to destroy the reputation of Jim Buchanan . (University of Chicago political science student Calvin TerBeek apparently belongs to the same school of deceptive ‘scholarship’ whose modern Dean is the so-called “historian” Nancy MacLean.)