Burn of the Day
- Donald R. McClarey
Donald R. McClarey
Cradle Catholic. Active in the pro-life movement since 1973. Father of three, one in Heaven, and happily married for 43 years. Small town lawyer and amateur historian. Former president of the board of directors of the local crisis pregnancy center for a decade.
The reason the tariffs are being quietly eaten by the manufacturers and retailers is they don’t want to have to indirectly disclose ultimately how much of a markup they place on their products when it goes to the consumer market. This is what caused Amazon to back down on listing the tariff charge in their costs.
“How it started.. how it’s going.. ”
We witnessed what may have been the most brilliant political win ever.
An econometrician can quantify the gains from trade for a country with a large productive base and domestic market. Bela Belassa was an inveterate advocate of liberal trade regimes, but he was willing to admit the static and dynamic benefits were small. It’s odd how the trade issue gets the juices of economists flowing. See also Jagdish Baghwati on ‘free trade treaties’. They are compendia of carve-outs that no one understands. The people who lobbied for each individual carve-out understand what they got. Glitch McConnell loved ‘free trade treaties’.
Be agreeable if Congress could manage to balance the budget, something they did with dispatch in 1945-47. We aren’t the people we used to be.
Ah, yes, yet another “unexpected” turn of events…if you’re incapable of thinking rationally about the situation. Leftists and the media (redundant, I know) hardest hit. 😁
Don’t worry, our government will find something stupid to spend the surplus on.
Oopsy-doopsy, CNBC.