Patrick Barron writes an open letter to me about trade – with which I agree in full.
Amity Shlaes tweets: (HT Kevin Briggs)
The originator of the Forgotten Man concept, William Graham Sumner, vigorously opposed protectionism.
Now who’d a-thunk that Chinese industrial policy wouldn’t work out so well for the Chinese? A slice:
The resulting overcapacity means that prices that producers charge at the factory gate have been in free fall for almost two years. That is dragging the overall economy closer to outright deflation, and eating into earnings. Around a quarter of the companies listed in mainland China are now unprofitable, compared with 7% a decade ago, according to a Wall Street Journal analysis of listed companies’ financial statements.
Jacob Sullum describes Biden’s withdrawal from the presidential sweepstakes as a “final flip-flop.”
The list of those who carried Mr. Biden’s water is long. The media attacked anyone who pointed out his obvious infirmity. Democrats on the House Judiciary Committee savaged special counsel Robert Hur’s integrity for his report characterizing Mr. Biden as a “well-meaning elderly man with a poor memory.” Ms. Jean-Pierre accused Republicans of producing “cheap fake” videos of Mr. Biden looking lost and confused.
All of it was baloney. All of it was a coverup. All of it was intentional. All of it.
Democrats underestimate the price they will pay for lying this way. If they think they can slide Mr. Biden out and Kamala Harris—or someone else—in and voters will simply forget all about it, they’re in for a rude awakening. The damage has been done. It’ll be a long time undoing it.
Art Carden is an excellent economist.
Chelsea Follett is collecting books about “the grim old days.” [DBx: I’ve so far read only the one written by William Manchester, which is excellent.]
