Order your copies now of Deirdre McCloskey’s Why Liberalism Works – it’ll be available next month. I’ve read it and it’s marvelous.
The Peterson Institute for International Economics has estimated that expansion of free trade has generated $2.1 trillion for America between 1950 and 2016. That works out on average to $18,000 in income for American households. These gains have gone disproportionately to working-class households that shop at Walmarts stacked with foreign goods. If an American hasn’t felt a bigger pinch from the soaring prices of indigenously generated health care, education, and other services, it is because of the plummeting price of foreign goods.
But last year, for the first time in a decade, the prices of furniture, clothes, and electronics stopped falling. And if Trump does not back off his trade war with China, only divine intervention would stop them from spiking.
So I agree with Paul quite a bit, more than you might expect, but sometimes he just says things which are absolutely evil.