Here’s a letter to a long-time patron of Café Hayek.
Mike:
Thanks for sending along Kim Ruhl’s argument that national-security considerations require a “rethinking” of – that is, a retreat from – free trade.
I don’t have time now to address the details of Mr. Ruhl’s argument, but a general question about this matter demands to be asked: How much trust should we put in the Trump administration’s claims that its tariffs are meant to better ensure U.S. national security when that same administration insists on appointing as Director of National Intelligence a man whose expertise is in real-estate financing and housing development, and whose chief qualification, in Trump’s eyes, seems to be his lap-dog-like loyalty to Trump?
The correct answer to this question, I’m sure, is obvious.
Sincerely
Don
