Quotation of the Day…

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… is from Jim Bacchus’s August 8, 2025, Cato@Liberty post titled “International Economic Chaos: Trump’s Remade Global Order”:

The tendency to count as wins for the president new terms for trade that, by any economic measure, are clearly losses for American businesses, workers, and consumers is a function of a pervasively cynical political atmosphere in which triumphs are based on the achievement of what is sought rather than on the actual merits of the result. Trump has “won” on trade because some countries have capitulated and other countries do not have the economic leverage to challenge the United States one-on-one, not because what he has supposedly won is worth winning for the American people and the American economy. Sought though it may be, trade protectionism is a form of slow economic suicide for the country that pursues it.